U.S. Election Betting: Kalshi Preps Presidential Prediction Markets After Re-Launching Congressional Contracts

While it’s been fighting the agency in court, New York-based Kalshi, which settles bets in dollars, has watched crypto-powered rival Polymarket, which is barred from doing business in the U.S., nevertheless rack up record volumes during this election year. Over $1 billion alone has been staked on Polymarket’s contract on who will win the presidency.