Prediction market boom roils midterm elections: 'It’s the wild west' (opens in new tab)

The significant boom of prediction markets is pushing U.S. elections into uncharted territory, prompting concern and scrutiny about the risks and regulation of betting on political outcomes. Kalshi, Polymarket and other platforms process trading volumes in the tens of billions of dollars each quarter as users bet on world events, from sports and pop culture to which party...