What's particularly interesting here with Predictions Markets is we have extreme validation that they are effective at predicting outcomes.
As I noted last night, there was a disconnect between polling data (which favored Democrats) and predictions markets (which favored the Blue Tsunami).
Of course, volume comes with issues. I saw $HOOD experienced issues with filling events contracts last night. Hopefully they resolve that for the next time when volume spikes.
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Kalshi absolutely dominated election night with ~$2.6B in midterm trading volume.
That’s more than 4x the ~$600M traded on Polymarket.