Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, prediction markets favored Democrats taking control of Congress as Americans headed to the polls for the US midterm elections, Kraken restricted accounts linked to a suspected $133 million crypto theft in Europe, and North Korea denied involvement in the $6.3 billion Binance hack.

As Americans across the country head to the polls for the US midterm elections Tuesday, prediction market traders have spent months wagering on the outcome. According to an analysis by The Washington Post, nearly $1.9 billion in election-related contracts had traded on Kalshi and Polymarket as of Monday, marking record trading activity for a midterm election cycle.

Markets on both platforms favor Democrats winning control of Congress, with a Democratic sweep priced at 75% on Kalshi and 75.5% on Polymarket as of 4:30 pm UTC. Kalshi traders gave Democrats a 93% chance of taking the House and a 75% chance of winning the Senate, while Polymarket priced those outcomes at 94.5% and 75.5%, respectively.

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