Kalshi brings election betting odds to CBS News as most Americans object

CBS News is putting betting odds on the midterm ballot, figuratively speaking. The network said on September 30 that it will fold real-time prices from Kalshi into its midterm election coverage. The timing is awkward. A Reuters/Ipsos poll provided to Fortune found that 60% of US adults oppose using prediction markets to wager on election results. Only 13% support the idea, and 24% aren’t sure. What CBS is actually adding Under the arrangement, Kalshi becomes the official prediction market sponsor of CBS News. Its contract prices will run next to the network’s traditional polling, including the Battleground Tracker. Kalshi is a prediction market regulated by the Commodity Futures Trading Commission. Traders buy and sell contracts tied to real-world outcomes. A contract trading at 63 cents roughly reflects a 63% implied chance that the event happens. Those prices currently lean heavily one way. As of October 2026, Kalshi data gives Democrats a 63% chance of controlling the Senate and a 91% chance of taking the House. Individual races are drawing real money too. The Texas Senate contest has seen $16.43 million in trading volume, with Democratic candidate James Talerico priced at a 62%...