NEXTPredict brought prediction market exchanges, trading firms and policymakers together in New York on October 22 and 23, 2026, ahead of the U.S. midterms. The organizer said it lost a $12,000 trade that would have paid around $3 million if more than half of scheduled arrivals at JFK airport had been cancelled the day before the event.
Former NBC News political director Chuck Todd said he was bullish on prediction markets in journalism, but panelists cautioned that speed does not guarantee accuracy. Executives from Kalshi, Polymarket and Robinhood discussed uses beyond elections and sports, including hedging and financial contracts. A Kalshi executive said the exchange could list a contract only if it was certified by the CFTC and had a verifiable data source.
