Polymarket and Kalshi Face a Major Accuracy Test: The Midterms

30 October 2026 at 19:35

Studies have shown that the betting sites can predict races correctly, but their ability to forecast U.S. midterm elections is an important proving ground.

Prediction platforms like Polymarket are hoping the U.S. midterm elections will be their moment to shine.

Polymarket Is Investigating Suspicious Bets on Israeli Election

NYT > Top Stories

By: Lauren McCarthy and Stuart A. Thompson

30 October 2026 at 02:37

The company said it was looking into hundreds of new accounts that had placed wagers in two markets related to the election on Tuesday.

Israel’s prime minister, Benjamin Netanyahu, speaking at a Likud event in Jerusalem on Wednesday.

Polymarket temporarily suspends trading on international platform due to security incident

World news | The Guardian

By: Associated Press

30 October 2026 at 02:20

Security incident linked to performance-monitoring tool spurred platform to halt trading for about an hour

Polymarket temporarily halted trading on its international platform on Thursday because of a security incident that compromised a third-party provider, the company said.

Trading was paused for about an hour and resumed on Thursday afternoon. The company has promised to fully reimburse any affected traders.

Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market

NYT > Top Stories

By: Stuart A. Thompson and Lauren McCarthy

30 October 2026 at 00:08

Betting markets like Polymarket and Kalshi have transformed America’s democracy into a new kind of casino.

David Bensoussan has placed wagers worth over $1.5 million in over a dozen midterm races.

Utah files criminal charges against prediction market Kalshi and company co-founders

The Guardian

By: Associated Press

29 October 2026 at 04:56

Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’

Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its strict anti-gambling laws against the activity.

The felony charges could represent a new tactic in how states try to assert regulatory authority over the fast-expanding activity, a clash that appears headed to a showdown at the US supreme court.

Utah files criminal charges against prediction market Kalshi and company co-founders

World news | The Guardian

By: Associated Press

29 October 2026 at 04:56

Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’

Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its strict anti-gambling laws against the activity.

The felony charges could represent a new tactic in how states try to assert regulatory authority over the fast-expanding activity, a clash that appears headed to a showdown at the US supreme court.