(KRON) -- Less than a month from the midterm elections, prediction market platform Kalshi is launching three new ‘transparency’ features to help gauge how accurate its markets actually are.  For the uninitiated, predict markets turn real-life events into wagers for the masses. Companies act as bookies. If gamblers lose confidence in a bet, they can sell it to someone else. The winning prediction receives a return on the losing side’s money, while the platform takes a small cut on those trades.  After initially surging during the 2024 presidential election cycle, it’s now a multi-billion dollar industry anticipating record activity this November.  Giant metal sculpture of naked woman leaving SF Embarcadero Because money is the ultimate driver on these platforms, analysts have increasingly turned to them as a source of unideologically tainted data.  Both the Associated Press and CBS News have entered agreements with Kalshi to use its data during the 2026 election season. CNN, CNBC, and Fox among others have inked similar deals across the past year. Its chief rival, Polymarket, has established comparable contracts with Dow Jones, and Substack.  These markets are not perfect, and do suffer failures not dissimilar from traditional polling. To bridge that disconnect for consumers, Kalshi is introducing: Brier Scores: Each market will show a “forecast accuracy.” Kalshi says that score will be calculated “from millions of historical data points, weighted by each market’s volume and how far it is from resolution.” Low-volume tags: Like traditional polling, predict markets need large data sets to forecast accurate results. New labels will display each market’s total trading volume to make less popular wagers easy to spot. Kalshi sets that threshold at $10,000 in volume. It does not mention requiring a certain amount of transactions from different traders. Activity feeds: Markets will show all trades as they happen. These feeds are already shown at the bottom of the page, but are being moved up for better visibility. Kalshi says these tools will help ensure traders get more context on the reliability of its markets before deciding to gamble – especially as it offers more local races.  Predict markets are often wrong as they are right. In April, Kalshi traders gave San Jose Mayor Matt Mahan a 20% chance to win the California Governors race after former Democratic Rep. Eric Swalwell was forced to drop out. He placed sixth in the state's primary election less than two months later behind three fellow democrats, and two republicans with 3.55% of the vote. Current favorite Xavier Becerra was trading between 5% and 7% at the time. He is now trading at 96.6% chance to win. Kalshi maintains it is not a polling site, nor an oddsmaker, and that it will not call races.  ...read more read less