Alabama Senate GOP Runoff Draws $1.5 Million in Wagers as Barry Moore Tops 90% Odds
Updated
Updated · AL.com · May 30
Alabama Senate GOP Runoff Draws $1.5 Million in Wagers as Barry Moore Tops 90% Odds
3 articles · Updated · AL.com · May 30
$1.5 million has flowed into Kalshi and Polymarket on Alabama’s June 16 Republican Senate runoff, an unusually large sum for a low-profile race with little independent polling.
Barry Moore — endorsed by Donald Trump — is priced as a near-certain winner, with Kalshi giving him 91% odds and Polymarket 93% against former Navy SEAL Jared Hudson.
The heavy trading contrasts with sparse public data: a Moore-aligned poll shows him up 53%-36%, while a Hudson-backed poll puts him just 1 point behind.
The winner is widely expected to capture the Senate seat in November in deep-red Alabama after Tommy Tuberville chose to run for governor instead of seeking reelection.
Prediction markets remain legal despite Alabama’s broad gambling restrictions because platforms such as Kalshi and Polymarket operate under federal CFTC oversight.
How can political prediction markets prevent insiders from illegally profiting on classified government information?
When millions are bet on an election, does the 'wisdom of crowds' predict the outcome or help create it?