Prediction markets face a key test in the US midterms as bettors and analysts assess their ability to forecast election results.
Prediction markets face US midterms test as election bets soar
AA Astro Awani 
Key takeaways
Prediction markets face a major test with $1.48 billion wagered on US midterms, as their accuracy is scrutinized amid concerns over misconduct and market reliability.
- Prediction markets like Kalshi and Polymarket face scrutiny after high-stakes bets on US midterm elections.
- Analysts warn that large discrepancies between market odds and actual results could harm the industry's reputation.
- Platforms have implemented controls to prevent misconduct, including blocking politicians from placing bets.
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