Massie Loses Primary Race After Betting Odds Favored Him For Weeks
Pequeño is a breaking news reporter who covers tech and more.
--:-- / --:--
This voice experience is generated by AI. Learn more.
This voice experience is generated by AI. Learn more.
Topline
Election betting odds sharply swung away from Rep. Thomas Massie, R-Ky., not long after polls closed for his congressional district’s primary Tuesday, marking a massive reversal for the incumbent who lost the race after being favored for much of the campaign to win it over Trump-backed former Navy Seal Ed Gallrein.
Massie is one of the GOP's most outspoken critics of President Donald Trump.
(Photo by Heather Diehl/Getty Images)
Key Facts
Gallrein had 99.5% odds, Kalshi showed shortly after 7:45 p.m. EDT, while Polymarket showed 99.8% odds for the Trump-endorsed challenger, just minutes before the Associated Press called the race for Gallrein.
Massie’s odds had been above 40% on Kalshi in the minutes after polls closed, but before the first votes were reported, and he had been shown on the platform as recently as this weekend as the favorite to win the race.
Massie had odds as high as 78% of winning the primary race less than two weeks ago, Kalshi showed.
Big Number
$21.9 million. That is the amount of money Kalshi users put into the proposition.
This is a developing story. Check back for updates.
LOADING VIDEO PLAYER...
FORBES’ FEATURED Video