Polymarket · The Block
DoubleZero rolls out Kalshi’s election markets ahead of November midterms
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Ahead of midterm elections in November, Kalshi's elections and politics markets went live on market data delivery platform DoubleZero Edge, giving firms more access to burgeoning prediction markets.
Key facts
- Prediction market activity in the U.S. has already outpaced the 2024 election cycle, with more than $133 million traded in certain races as of mid-August, according to reporting from Reuters
- On Wednesday, DoubleZero Foundation said it added Kalshi's markets, expanding its reach beyond sports event contracts and crypto perpetual futures
- Prediction markets flourished during the 2024 election cycle, and since then, platforms like Kalshi and Polymarket have surged, now valued at tens of billions of dollars
- Election markets give institutions a real-time, tradable view into how expectations shift as political events unfold," said Andy Ross, head of institutional at Kalshi, in a statement
Summary
On Wednesday, DoubleZero Foundation said it added Kalshi's markets, expanding its reach beyond sports event contracts and crypto perpetual futures. "Election markets give institutions a real-time, tradable view into how expectations shift as political events unfold," said Andy Ross, head of institutional at Kalshi, in a statement. Prediction markets flourished during the 2024 election cycle, and since then, platforms like Kalshi and Polymarket have surged, now valued at tens of billions of dollars. Prediction market activity in the U.S. has already outpaced the 2024 election cycle, with more than $133 million traded in certain races as of mid-August, according to reporting from Reuters.