How Accurate Were Kalshi's Election Predictions? A Look at Three Key California Congressional Races

How Accurate Were Kalshi's Election Predictions? A Look at Three Key California Congressional Races

In the weeks leading up to California's June 2 primary, Elk Grove News was closely monitoring the Kalshi Prediction markets for three California-watched Congressional races. Those races were for the 6th, 7th, and 22nd districts.Among the many reasons for monitoring these three races was to see how well Kalshi participants predicted voting outcomes. As outlined in this recent CNN story, the idea of prediction markets originated as an academic stu…