Prediction Markets Promised More Clarity In Elections. The Reality Is Messier.

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As bettors move to events exchanges to forecast and stake connected elections, caller races item nan limits of those markets to foretell what voters will do.

 Recent governmental superior races person exposed immoderate of nan limitations of prediction markets successful forecasting predetermination outcomes. 
 Recent governmental superior races person exposed immoderate of nan limitations of prediction markets successful forecasting predetermination outcomes. Justine Goode / NBC News; Getty Images

April 2, 2026, 6:00 AM EDT

By Allie Canal and Ben Kamisar

As nan U.S. heads toward November’s midterm elections, a increasing number of investors and governmental observers are turning to prediction markets for illustration Kalshi and Polymarket to gauge who mightiness win.

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