Will the Democratic Party win the popular vote in the 2026 U.S. House of Representatives midterm elections by between 4% and 6%?

This market shows extreme illiquidity and volatility despite modest open interest of $1.2M, with zero 24-hour volume and a wide 20¢ spread indicating thin order books. The 576% implied yield on the Yes side combined with realized volatility exceeding 3000% suggests the 23¢ price may be artificially depressed, though the sharp 11-point rally over seven days (13¢ to 24¢) could reflect genuine probability shifts rather than just technical noise. With 201 days to expiration and a Cliff Risk Index of 3, traders should be cautious of the high information arrival rate (5.8/hour) potentially driving further outsized moves in this narrow outcome band.

Resolution rules

This market will resolve according to the popular vote margin of victory between the Democratic Party and the Republican Party in the US House of Representatives midterm elections, scheduled for November 3, 2026. For the purpose of this market, the “popular vote margin of victory” is defined as the absolute difference between the percentage of valid votes cast for all Democratic Party House candidates and the percentage of valid votes cast for all Republican Party House candidates in this election. The percentage of the valid votes cast for each party’s House candidates will be determined by dividing the total number of valid votes that party’s House candidates receive by the sum of all valid votes cast for U.S. House candidates in the election. Only votes cast for candidates for U.S. Representative (voting members of the House of Representatives from districts in the 50 states) will be considered; votes for Delegates and the Resident Commissioner will not be considered. If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket. This market will resolve based on the vote totals as published by the US Clerk of the House. Any recount included in the Clerk of the House’s publication will be considered. If the US House of Representatives midterm elections do not take place by June 30, 2027, 11:59 PM ET, this market will resolve to "Other". The resolution source for this market will be the 2026 midterm election results published by the US Clerk of the House (https://history.house.gov/Institution/Election-Statistics/). If the 2026 midterm elections take place, and the Clerk of the House does not publish the results of this election by June 30, 2027, 11:59 PM ET, another credible resolution source may be chosen.

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