A federal judge has ruled in favor of prediction-market startup Kalshi, allowing them to offer contracts for betting on the outcome of congressional elections. This decision could pave the way for legalized betting on U.S. elections, bringing a new dimension to political engagement and analysis.
Vice President Kamala Harris’s upcoming CNN interview is generating significant interest, with prediction markets on Polymarket revealing insights into public expectations about the topics she might address. The interview, scheduled for August 29, is seen as a key moment in the campaign season, potentially influencing policies on abortion rights, border issues, democracy, and economic concerns like inflation.
Polymarket, a prediction market platform, witnessed a surge in trading activity during August 2024, with volumes reaching record highs across various political and cultural betting markets, particularly those related to the upcoming U.S. Presidential election. The platform’s monthly trading volume skyrocketed to nearly $400 million, driven by heightened interest in political outcomes and an increase in daily users.
