Will exactly 4 the Senate Republicans lose re-election in 2026?

Prediction markets currently give a 29% probability that Will exactly 4 the Senate Republicans lose re-election in 2026?. This contract trades at 29¢ on Kalshi, closing December 31, 2026. This market is pricing a 30% probability for exactly 4 Republican Senate losses in 2026, but the extreme 345.6% implied yield on the Yes side signals either severe mispricing or structural illiquidity concerns—the $0 24h volume and modest $5.8k open interest suggest minimal conviction backing this contract.

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29¢
Bid/Ask 29/30¢·Spread 1¢·Vol $24·OI $5,768.76·Closes Dec 31, 2026·254d remaining
KXLOSEREELECTIONRSEN-2026-4

Analysis

4d ago

This market is pricing a 30% probability for exactly 4 Republican Senate losses in 2026, but the extreme 345.6% implied yield on the Yes side signals either severe mispricing or structural illiquidity concerns—the $0 24h volume and modest $5.8k open interest suggest minimal conviction backing this contract. The tight 1¢ spread and low cliff risk (2) indicate reasonable market structure, but the massive yield asymmetry (345.6% vs 57.7%) is a red flag that traders should verify this reflects genuine edge rather than thin liquidity distorting the price discovery mechanism.

Resolution rules

If exactly 4 members of the Senate Republicans lose re-election in 2026, then the market resolves to Yes.

Indicators

IY (Yes) 352.1%
IY (No) 58.7%
Adj IY 176%
CRI 2
Overround -0.2%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)352.1%
IY (No)58.7%
Adj IY176%
CRI2
Overround-0.2%

Regime

Label
neutral
Score
0.5
Spread
1¢
Computed
4/21/2026, 8:18:09 PM
Indicators computed 4/21/2026, 8:08:17 PM

Trade

View on kalshisf trade KXLOSEREELECTIONRSEN-2026-4 yes 100

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