Prediction markets win big on election night

The magnitude of the Democrats' outcome was always a possibility, but the depth and breadth of their victories were jaw-dropping.

{beacon} Technology Technology The Big Story Democrats won big on Election Day. Prediction markets gave an early glimpse A dominant performance by Democrats in the midterm elections created a political earthquake, shifting the balance of power in Washington, D.C.

Kalshi and Polymarket correctly called the Democratic sweep of Congress by wider margins than most polling models, as well as some key battleground races.

The polling is done, the last ads have been bought, and the last text messages have been sent. Voters are voting. Now all we can do is wait and watch. But what should we be watching? The first polls to close in tight races are in South Carolina and Georgia at 7 p.m. Eastern. If […]