Kalshi, a prediction platform and the largest regulated U.S. exchange, has been one of the faces of election betting markets, which is now legal in the U.S. The company describes itself on X as" the first legal way to bet on the election in America."

This article has been updated to eliminate duplicate content. Prediction markets like Polymarket and Kalshi have surged in popularity during the 2024 election cycle. Here’s all you need to know about the betting markets on Election Day as the U.

Prediction marketplace Kalshi has rolled out more political betting markets in an eleventh-hour bid to woo users ahead of the United States presidential election on Nov. 5. The contracts cover events ranging from the outcome of an Ohio referendum to the last state to be called in the presidential race by the Associated Press (AP),

Economists have long loved prediction markets. Even niche platforms such as the Iowa Electronic Markets and betting pools inside companies like Ford Motor Co. have been praised for their fortune-telling prowess.