Kalshi pushes deeper into politics as it eyes commodity contracts

Alongside its new election tracking tools, the high-flying prediction firm is seeking regulatory approval to expand into gold and silver trading.

Kalshi pushes deeper into politics as it eyes commodity contracts

Policy

Kalshi rolls out Midterm Hubs ahead of the November elections in the U.S.

The prediction markets platform seeks to position itself as the primary source for election odds ahead of the midterm elections this year.

By

Olivier Acuna

|

Edited by

Jamie Crawley

Jul 22, 2026, 12:12 p.m.

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Kalshi's new Midterms Hub will provide users with a live snapshot of where the race stands and give a clear pitcure of where people are placing their bets. (Joshua Woroniecki/Unsplash)

Summary

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Prediction market platform Kalshi has launched a Midterms Hub that displays real-time market odds for individual U.S. Senate and House races ahead of November’s elections.

The hub combines live betting prices with polling averages, Federal Election Commission fundraising data, and curated news to offer a comprehensive snapshot of each race.

The rollout comes as Kalshi pursues regulatory approval to expand perpetual futures trading beyond crypto and seeks new funding at a valuation of about $40 billion amid surging trading volumes.

Prediction market platform Kalshi rolled out its U.S. “Midterms Hub” as it seeks to position itself as the primary reference for election odds in the U.S

The

new hub

will allow users to observe the outcomes speculators expect in individual U.S. Senate and House of Representatives as the country heads to elections in November, Kalshi said in a press release sent Wednesday.

Kalshi said the Midterms Hub will provide a live snapshot of where users are willing to place their bet at any given time. “It’s designed as the one-stop-shop for state and federal election forecasting picture of where a race stands,” Kalshi said.

The outcomes are based on the latest odds for each market and across a map of the U.S., Kalshi said in the statement.

The hub will also feature polling averages, so potential bettors can see how the prediction market odds compare with what statistical surveys of voters are showing, the latest Federal Election Commission fundraising reports for individual candidates, and curated news and analysis from various outlets.

The announcement follows news reports that Kalshi Inc. is seeking regulatory approval with the Commodity Futures Trading Commission to expand its perpetual contracts outside of crypto.

The platform is seeking approval to expand precious metals trading on its platform with a popular financial derivative instrument that never expires for gold, silver and platinum, Bloomberg

said on Tuesday

.

Kalshi’s Midterms Hum is its latest move to increase its political presence ahead of November’s midterm elections. The platform

introduced the “American Power Index in May

, calling it the “S&P 500″ for politics to track which political party is up and which is down.

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. The company told CoinDesk that World Cup-specific volume on its platform accounted for $22.42 billion.

The new hub also comes a month after

it was reported that Kalshi

was seeking to raise capital at a valuation of about $40 billion, nearly doubling the $22 billion valuation it targeted in its previous funding round.

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