The Associated Press (AP) has formed a new agreement with Kalshi to provide the prediction markets operator with voter count data and race calls for national and major state elections in the US.
“The Associated Press for nearly two centuries has played an essential role in the American democracy as the most authoritative source for accurate results on election night,” AP Elections VP David Scott said.
“We’re pleased to be working with Kalshi as we work to expand the reach of AP’s trusted elections data, meeting audiences where they are with reliable information about who voters have chosen to lead their country and communities.”
According to the release, Kalshi reported more than 500 million site visits during the 2024 US Presidential election, and now joins media organizations such as NBC News, CBS News and CNN in relying on the Associated Press for US elections results.
“This collaboration will further Kalshi’s goal of being the premier destination to experience elections, combining AP’s trusted vote results with our transparent, market-based forecasts, creating a more complete picture of election night,” Kalshi Head of Politics Jaron Zhou said.
“Kalshi’s election forecasts help campaigns and everyday citizens track market expectations for election outcomes, and integrating AP’s live vote count data enhances Kalshi’s election night experience by bringing together real-time vote tallies and market activity.”
The Associated Press stated Kalshi is “credited with creating and establishing the predictions market category as a financial asset class,” and believes the agreement will help users find new ways to engage with US politics.
Kalshi released the penalties for two cases of insider trading on February 25, including a California politician who wagered on his own candidacy for Governor.
The operator’s surveillance department witnessed an online video posted by the California politician and “immediately” froze his account prior to launching an investigation.
Kalshi filed a lawsuit in the US District Court of Utah on February 24, following what was described as an ‘intrusion’ into the federal government’s authority to oversee prediction market platforms regulated by the CFTC
