As the U.S. heads toward November’s midterm elections, a growing number of investors and political observers are turning to prediction markets like Kalshi and Polymarket to gauge who might win.

Following national elections, voters rewrite their memories of the political event and distort their initial expectations to align closely with the eventual outcome. This psychological phenomenon ...

More than half of U.S. states have some sort of anti-election betting law in place, per a Pew analysis, despite it being declared federally legal in 2024.

Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.

The significant boom of prediction markets is pushing U.S. elections into uncharted territory, prompting concern and scrutiny ...

As Spencer Pratt fell behind in the Los Angeles mayoral primary, an unexpected group began claiming election fraud: people tracking the Republican's success on prediction markets, the increasingly ...