SimpleFunctions
Winner-take-all · 6 outcomes6 contractsKalshirefreshed 3 min agoCloses Feb 1, 2027 · 268d

How many Elon-backed challengers will win seats in Congress in 2026

Leader sits at 15% across 6 bound outcomes, runner-up at 10%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

15%

At least 5

runner-up 10¢leader 15¢

Outcomes

6

winner-take-all

Runner-up

10¢

At least 10

Spread

5pp

contested

24h volume

$0

thin orderbook

Closes

Feb 1, 2027

268 days

Venue

Kalshi

6 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayAt least 5: 15% (15 days, 13 points)At least 5: 15% on 2026-05-08At least 10: 10% (15 days, 2 points)At least 10: 10% on 2026-05-01At least 15: 3% on 2026-04-29
At least 515¢At least 1010¢At least 153¢
Top 3 candidates by current price · 15d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

This contract estimates the likelihood that candidates explicitly backed by Elon Musk will win at least one U.S. House or Senate seat in the 2026 midterm elections. The 16% probability reflects skepticism about whether Musk's endorsements and campaign support will translate into electoral victories, though the exact threshold for "Musk-backed" remains subject to interpretation. The primary drivers are the strength of these candidates' local positioning, whether Musk maintains visible engagement in specific races, and whether his endorsement proves a net asset or liability in individual districts. The key resolution point will be the November 2026 election results, when winning percentages for endorsed candidates in competitive races will become clear.

  • Track record of Musk's prior political endorsements and their success rate in 2022-2024 elections
  • Definition and scope of "Elon-backed" — whether this includes direct financial support, public endorsements, or both
  • Composition of candidate pool — geographic distribution, incumbency status, and competitiveness of their districts
  • Net favorability of Musk association in target swing districts and whether it mobilizes or alienates voters
  • Turnout patterns and broader midterm environment in 2026 relative to presidential election years

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

More like this

Adjacent prediction questions.

How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

Last updated on this page: 3 min ago.