How to Bet on Elections in 2026

You can legally bet on US elections through prediction markets like Kalshi (CFTC-regulated) and Polymarket. Here's how to get started.

Step 1: Choose a Platform

Kalshi is the best option for US residents — it's federally regulated and available in 47+ states. Polymarket has deeper liquidity on some races but is crypto-based and officially unavailable to US users.

Step 2: Create an Account

Sign up, verify your identity (SSN required on Kalshi), and fund your account via bank transfer or debit card.

Step 3: Find Election Markets

Browse presidential, Senate, House, and state-level races. Each market is a yes/no question like "Will Democrats win Pennsylvania?"

Step 4: Place Your Trade

Buy Yes if you think the outcome will happen, No if you think it won't. Prices range from $0.01-$0.99 based on implied probability.

Step 5: Track with AI

Use Alphascope's election odds tracker to monitor live probabilities and get AI-powered forecasts on every race.