Trading on prediction markets tied to U.S. elections is surging ahead of the 2026 midterms, prompting states to challenge platforms like Kalshi as unlicensed casinos, according to the Associated Press. Election administrators are increasingly concerned that high-stakes betting odds could influence races and democratic outcomes in unpredictable ways. Prediction market odds have already intersected with real-life elections this year, making the issue a growing topic of debate among officials overseeing this fall's biggest contests.
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