AP Announces It’s Teaming Up With Prediction Market Site Kalshi Ahead of the Midterms
The Associated Press announced Monday that it’s teaming with prediction market Kalshi to make U.S. election results available via the platform that allows users to bet on outcomes of events like the 2026 midterms.
“AP will provide Kalshi with its vote count data and race calls for national and major state elections,” AP said in a statement
Kalshi has been credited with “creating and establishing the predictions market category as a financial asset class,” the statement said, and “has become a top destination to track election results, receiving over 500 million site visits during the 2024 presidential election.”
“Ingesting AP’s live vote data in addition to the native forecasts will provide Kalshi users with a new and improved way to engage with American democracy and the electoral process,” the statement said.
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Platforms are offering a way for users trade positions — place bets — on a wide range of possible events, and newsrooms are starting to incorporate the data.
As the business rapidly grows, critics and opponents are pushing back. Numerous states have argued that the markets are gambling, and sports gambling in particular is regulated by the state. The Commodity Futures Trading Commission, now led by a Trump appointee, disagrees — as did a federal district court judge in a suit involving New Jersey.
Critics see some of the markets as, particularly in the case of military actions, indefensible, and note as well that some large, well-timed bets — “event contracts” — suggest an abuse of insider knowledge of federal actions.