{"id":898357,"date":"2026-10-29T04:56:09","date_gmt":"2026-10-29T04:56:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/898357\/"},"modified":"2026-10-29T04:56:09","modified_gmt":"2026-10-29T04:56:09","slug":"virginias-5th-congressional-district-race-draws-heavy-trading-on-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/898357\/","title":{"rendered":"Virginia’s 5th Congressional District race draws heavy trading on prediction markets"},"content":{"rendered":"

LYNCHBURG, Va. (WSET) \u2014 With Election Day less than a week away, Virginia\u2019s 5th District congressional race is drawing attention, not just from voters, but from people wagering money on the outcome.<\/p>\n

The contest between Republican incumbent John McGuire and Democratic challenger Tom Perriello is attracting the most action of Virginia’s Congressional races on two trading betting sites: Kalshi <\/a>and Polymarket<\/a>. <\/p>\n

The platforms allow users to trade on the outcomes of races across the country.<\/p>\n

SEE ALSO: About 1.2 million Virginians vote early as turnout tops 2022 midterms<\/a><\/p>\n

Across the two sites, more than $839,000 has been traded on the 5th District race. That compares with about $90,000 on Virginia\u2019s 9th District race and about $200,000 on the 6th District race.<\/p>\n

ABC13 political analyst Dr. David Richards said the 5th District is drawing the most money because the outcome is less certain than many other contests.<\/p>\n

\u201cSo the 5th is that kind of rare option where nobody’s really 100% sure. And so if you bet the correct way, you know you’re going to win some money. And if not, of course, you lose the money. So I think people are willing to take that gamble,\u201d Richards said.<\/p>\n

On both Polymarket and Kalshi, traders are giving McGuire the edge, but only by a few percentage points.<\/p>\n

Richards said political betting has become increasingly common over the years, but he also emphasized that ultimately, there\u2019s no substitute for making your voice heard at the polls.<\/p>\n","protected":false},"excerpt":{"rendered":"LYNCHBURG, Va. (WSET) \u2014 With Election Day less than a week away, Virginia\u2019s 5th District congressional race is…\n","protected":false},"author":2,"featured_media":898358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":["post-898357","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/898357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=898357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/898357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/898358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=898357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=898357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=898357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}