Election betting is booming as the midterms near. Do states have the power to curb it?

A community story from Florida, reported by Florida Phoenix.

Community · Florida · October 12, 2026

From Florida Phoenix

On Friday morning, the prediction market platform Kalshi gave the Democratic candidate in Minnesota’s U.S. Senate race an 87% chance of winning. The volume of trading on the outcome exceeded $1.8 million. This is exactly the type of activity Minnesota and numerous other states want to shut down.

Reported by Florida Phoenix, October 12, 2026. Read the full story at Florida Phoenix →

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