Kalshi's Midterm Book Tops $1.4B as Traders Bet on a Democratic Sweep

Kalshi traders are betting big on the midterms. The prediction market has already logged more than $1.4 billion in midterm trading volume, according to Cointelegraph, with much of the action leaning toward Democrats sweeping Congress.

That figure puts the election cycle among the busier stretches Kalshi has seen, and it lands as punters pile into contracts tied to which party controls the House and Senate. A Democratic sweep is the outcome drawing a large share of the wagers, per the outlet's post.

Prediction markets have turned into a real-time scoreboard for political sentiment, and this cycle is no exception. Kalshi's numbers give a dollar-weighted read on where traders think the races are heading, separate from polls and punditry.

The $1.4 billion-plus total is a running number, so it can keep climbing as more contracts change hands before votes are counted. For now, the money is talking, and it is saying Democrats.