Election odds are coming to your TV this fall. 60% of Americans oppose betting on elections
Source: Fortune ·
Networks are adding prediction-market prices to their midterm coverage, a new Reuters/Ipsos poll shows most of the public draws a line at wagering on politics.
From the source
Americans can turn their predictions about who will control Congress into a bet, but most don’t think they should. With the midterms approaching, 60% of U.S. adults oppose using prediction markets to wager on election results, while 13% support it and 24% are unsure, according to a Reuters/Ipsos poll provided to Fortune. They’ll see the odds anyway. CBS News said Sept. 30 it would add real-time prices from Kalshi to its midterm coverage, alongside its own polling. Kalshi has similar deals with CNN and CNBC, and it licenses vote counts and race calls from the Associated Press. CBS News and CNN now share an owner: Skydance, which completed its purchase of CNN’s parent, Warner Bros. Discovery, on Oct. 6. Those prices can rest on a small number of traders. On Polymarket’s global platform, the top 1% of wallets account for 68% of trading volume on 2026 congressional markets, and 80% of those markets have fewer than 100 wallets trading, according to an August analysis by the…