Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up

Traders on the Kalshi prediction market platform have increased their odds to 75% that U.S. gasoline prices will exceed $3.50 per gallon by November 2026. The shift reflects betting activity on the platform as geopolitical tensions between the United States and Iran have intensified. Kalshi allows users to trade contracts based on predictions of future events, including commodity prices and economic indicators.

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