With Election Day well underway in Texas, prediction markets show the state's biggest races are much closer than traditional polls suggest. Multiple polls throughout the campaign show the U.S.

With Election Day well underway in Texas, prediction markets show the state's biggest races are much closer than traditional polls suggest.

Multiple polls throughout the campaign show the U.S. Senate contest between Democrat James Talarico and Republican Ken Paxton as fairly close, with Talarico holding a slim lead. In the gubernatorial showdown between incumbent Republican Gov. Greg Abbott and Gina Hinojosa, most polls show the two tied.

Meanwhile, prediction markets like Kalshi and Polymarket are forecasting much lopsided races. Unlike traditional polls, which survey voter sentiment, prediction markets let eligible traders wager on each race's outcome.

Here's where the markets stand as voting begins Tuesday, Nov. 3.

Who is leading the Texas governor's race?

Adam Powell covers government and politics for the El Paso Times and can be reached via email at apowell@elpasotimes.com .

This article originally appeared on El Paso Times: Texas election predictions: Who could win key races

Reporting by Adam Powell, El Paso Times / El Paso Times

Will this affect your life? How? Please share with us.