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Prediction markets accurately forecasted 2024 US midterm election results with high trading volumes.

Market News
09 Nov 2026, 20:10 WIB
CNBC
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Neutral
Prediction markets accurately forecasted 2024 US midterm election results with high trading volumes.

Prediction markets on platforms like Kalshi and Polymarket correctly anticipated the outcomes of most 2024 US midterm races, with over 87% of markets giving the winning candidate at least a 90% chance a day before election night. Trading activity surged as real-time results came in, with significant bets placed on key races such as the Texas governor's race and control of the House. While prediction markets performed well, experts note they did not outperform traditional polls, and their odds are influenced by forecast models. Despite growing election-related trading volumes, sports betting still dominates these platforms. The midterm results have also sparked regulatory debates about the scope of prediction markets in the US.

Millions of dollars poured into prediction markets on election night, providing context for market activity. For readers following the Financials sector, here is Pluang's market snapshot as of Nov 10, 2026 00:52 WIB: of 142 priced US Financials stocks, 129 rose and 12 fell today. Notable gainers include HUT at USD 56.08 (+6.51%), EQH at USD 55.84 (+6.04%), and RIOT at USD 17.66 (+5.72%).

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