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Is letting people bet money on U.S. election outcomes good or bad for democracy?

Prediction-market platform Kalshi, which lets users bet on outcomes including U.S. elections, has reached a roughly $40 billion valuation backed by Sequoia and Wellington as Americans vote in the Nov. 3, 2026 midterms.

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Poll: Is letting people bet money on U.S. election outcomes good or bad for democracy? — Groundbeat