Kalshi, Polymarket Face Stricter Oversight After Midterms, But Tout Election Accuracy

Democrats are gearing up to institute greater oversight of prediction markets once they take control of Congress in January following the midterm sweep. Although prediction markets are expected to face greater scrutiny, the likes of Kalshi and Polymarket were largely successful in forecasting the midterm results. Democratic representatives and senators in the wake of the midterm elections have ramped up...