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“Prediction market Kalshi is claiming a major victory after its election-night favorites won or were leading in 98 percent of races during the 2026 midterms, as traders wagered billions of dollars on the outcome of the elections.”

“Tradeable investment assets that helped make the president more than $2bn during his first year in office are collapsing in value the day after the Democrats trounced the Republicans in the midterm elections.”

“Midterm elections could have implications for investors, including Canadians’ retirement savings, and experts say financial markets could react strongly to the results.”

“Voters who have already cast ballots and those heading to the polls on Tuesday are weighing an economy shaped by rising everyday costs, surging home prices and strong gains in the stock market.”