Will exactly 3 the Senate Republicans lose re-election in 2026?

Prediction markets currently give a 16% probability that Will exactly 3 the Senate Republicans lose re-election in 2026?. This contract trades at 16¢ on Kalshi, closing December 31, 2026. This market shows extreme yield asymmetry, with the Yes side offering a striking 741% annualized return versus just 26.9% for No, suggesting the 16¢ price may undervalue the probability of exactly three GOP Senate losses.

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16¢
Bid/Ask 16/17¢·Spread 1¢·Vol $40·OI $3,453·Closes Dec 31, 2026·254d remaining
KXLOSEREELECTIONRSEN-2026-3

Analysis

4d ago

This market shows extreme yield asymmetry, with the Yes side offering a striking 741% annualized return versus just 26.9% for No, suggesting the 16¢ price may undervalue the probability of exactly three GOP Senate losses. The zero 24-hour volume combined with modest $3,438 open interest indicates thin liquidity, making the tight 1¢ spread potentially misleading about true execution costs. With 259 days to expiry and a moderate Cliff Risk Index of 5, this appears to be a niche contract where the precise outcome specification (exactly 3, not 2-4) creates pricing inefficiency rather than fundamental market disagreement.

Resolution rules

If exactly 3 members of the Senate Republicans lose re-election in 2026, then the market resolves to Yes.

Indicators

IY (Yes) 755.3%
IY (No) 27.4%
Adj IY 354%
CRI 5
Overround -0.2%
LAS 0.06
▶ Full indicator table (6)
IndicatorValue
IY (Yes)755.3%
IY (No)27.4%
Adj IY354%
CRI5
Overround-0.2%
LAS0.06

Regime

Label
neutral
Score
0.5
Spread
1¢
Computed
4/21/2026, 9:45:35 PM
Has orderbookIndicators computed 4/21/2026, 9:38:17 PM

Trade

View on kalshisf trade KXLOSEREELECTIONRSEN-2026-3 yes 100

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