Prediction Markets Forecast Trump’s Worst Nightmare

Summary

Umit Bektas / REUTERS President Donald Trump is set to face a crushing humiliation on Tuesday if the prediction markets’ forecasts prove true. Bettors on both Kalshi and Polymarket overwhelmingly expect Democrats to sweep all seven key Senate races in Tuesday’s midterm elections. At the time of writing, Texas Democratic nominee James Talarico boasted a 73 percent chance of winning against the scandal-ridden Ken Paxton, according to bettors on Kalshi, who poured a staggering $73 million into the market. Polymarket bettors felt similarly, giving the Democratic state rep a 73 percent chance also.

Description from The Daily Beast.