Calci, indexing 13 market indices for the midterm elections... Fisnetwork value settlement

Kalshi has bundled 13 U.S. midterm election prediction markets into a single index, KPOW Midterms, with contracts settling against values calculated and published by Pyth Network, as announced on October 30; the related contract was listed as a certified product on the CFTC's registered list on October 27. House majority markets carry a 20% weight and Senate majority markets 25%, so the two congressional-control markets make up 45% of the index, while the remaining 11 markets—including gubernatorial races in Ohio, Nevada, Florida, Texas and Georgia—each get 5%. The arrangement matters because it turns fragmented election betting into a single tradable, oracle-settled benchmark tied to a CFTC-regulated venue. What to watch next is whether the index attracts meaningful volume and how Pyth's published values are used in settlement as the midterms approach.