Nasdaq 100 Futures Slide 1.8% as Kalshi Prices Near-Certain Democratic Sweep

US stock futures declined sharply as election prediction markets shifted toward a decisive Democratic victory in the midterm elections.
Nasdaq 100 futures fell 1.8%, while Kalshi contracts reportedly priced a Democratic sweep of Congress at 98%.
A separate contract for a larger Democratic victory, defined as at least 235 House seats and 51 Senate seats, reached a reported probability of 93%.
The figures reflect prices in prediction markets rather than confirmed election results or statistically established probabilities. They can also change rapidly as new information becomes available.
The decline in technology-heavy futures coincided with the changing election outlook, although broader economic conditions and geopolitical developments may also have contributed to the selloff.