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Pivot · Sunday, October 25, 2026

Prediction Markets Surge Past $220 Million in Midterm Wagers, Sparking Scrutiny

Polling experts discussed the rise of unregulated betting platforms like Kalshi and Polymarket, noting that traders have wagered over $220 million on the 2026 midterms while raising concerns over potential misinformation and insider influence.

personTerrence WoodburypersonKara SwishercompanyKalshicompanyPolymarketcompanyReuters

The tape

2 quotes
“According to Reuters, traders have bet more than 220 million on the 2026 midterm elections across platforms so far. It's only going to increase in the next two weeks.”
Kara Swisher
“I think we're still early in elections with betting markets. I think they remain a very unregulated, you know, kind of industry where folks with with inside information are still trading and putting the finger on the scale.”
Terrence Woodbury
Heard on Pivot — “Pivot Extra: From ‘Trump Curious’ to ‘Trump Furious’: Inside the Midterm Odds”, published Sunday, October 25, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via deepinfra · $0.01
Prediction Markets Surge Past $220 Million in Midterm Wagers, Sparking Scrutiny — Heardvine