For the 2026 midterms, Kalshi gave traders a way to trade a basket of election expectations through KPOW Midterms.
Pyth calculated and published every index value as its exclusive source agency.
Here’s how it worked 🧵
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Protected $nALPHA from @plumenetwork is paid first. Amplified takes the first loss and earns more. Powered by @PythNetwork.
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Every KPOW Midterms settlement references values published by Pyth, with price checks on inputs and time-weighted settlement built into the methodology.
Read how Kalshi’s Midterms Index is built to settle markets:
The midterms have a number. Pyth is the source.
@Kalshi's KPOW Midterms index is sourced and published exclusively by Pyth, and every contract on it settles to Pyth's values.
Introducing KPOW Midterms: the first tradable political index on Kalshi.
The index combines each party’s performance in Tuesday’s midterms into a single measure of political power.
Markets on the index track expectations for the balance of power in real time, as traders react
