Story perspectives

Swalwell Gains Momentum in California Governor Race Amid Betting Controversy

3/23/2026

Summary

Story summary

Prediction markets show increasing confidence in Rep. Eric Swalwell's chances to become governor as California nears Election Day.
Polls indicate a wide-open race with many undecided voters.
Assemblymember Maggy Krell warns these markets could influence elections and public perception.
Arizona has filed criminal charges against Kalshi for operating an illegal gambling business tied to election bets.
Experts debate the regulation and accuracy of prediction markets.

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Story summary

Prediction markets show increasing confidence in Rep. Eric Swalwell's chances to become governor as California nears Election Day.
Polls indicate a wide-open race with many undecided voters.
Assemblymember Maggy Krell warns these markets could influence elections and public perception.
Arizona has filed criminal charges against Kalshi for operating an illegal gambling business tied to election bets.
Experts debate the regulation and accuracy of prediction markets.