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Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market

Betting markets like Polymarket and Kalshi have transformed America’s democracy into a new kind of casino.

© Hilary Swift for The New York Times

David Bensoussan has placed wagers worth over $1.5 million in over a dozen midterm races.
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Four Scenarios for How the Midterms Could Go

Expectations are cresting for Democrats, and some kind of wave seems likely, but so much will depend on a few close Senate races.

© The New York Times

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