Key Facts

• Kalshi's Midterms Hub displays real-time market odds for individual U.S. Senate and House races, allowing users to observe the outcomes speculators expect in these races as the country heads to elections in November.
• The hub combines live betting prices with polling averages, Federal Election Commission fundraising data, and curated news from various outlets to offer a comprehensive snapshot of each race.
• Kalshi is seeking regulatory approval with the Commodity Futures Trading Commission to expand its perpetual contracts outside of crypto, specifically to include precious metals trading with a popular financial derivative instrument that never expires for gold, silver, and platinum.
• The prediction market firm posted $31 billion in total notional trading volume in June, a more than 70% jump from May, with sports contracts accounting for around 85% of its trading, and World Cup-specific volume on its platform accounted for $22.42 billion.
• Kalshi is seeking to raise capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round.