SimpleFunctions
Winner-take-all · 11 outcomes11 contractsPolymarketrefreshed 3 min agoCloses Jan 3, 2027 · 239d

Next Senate Majority Leader

Leader sits at 25% across 11 bound outcomes, runner-up at 22%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

25%

Chuck Schumer

runner-up 22¢leader 25¢

Outcomes

11

winner-take-all

Runner-up

22¢

John Thune

Spread

3pp

contested

24h volume

$1K

modest

Closes

Jan 3, 2027

239 days

Venue

Polymarket

11 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayChuck Schumer: 23% (27 days, 17 points)Chuck Schumer: 23% on 2026-05-08John Thune: 26% (27 days, 27 points)John Thune: 26% on 2026-05-08Tom Cotton: 28% (27 days, 10 points)Tom Cotton: 28% on 2026-05-08
Chuck Schumer23¢John Thune26¢Tom Cotton28¢
Top 3 candidates by current price · 27d

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 represents the market's assessment that Chuck Schumer will be the Senate Majority Leader at some point in the future, currently priced at 36%. The probability reflects expectations about Democratic control of the Senate and Schumer's position within his party. This could rise if Democrats gain Senate seats in upcoming elections or if current leadership dynamics shift; it would decline if Republicans maintain or expand their majority, or if Democrats choose different leadership. The 2026 midterm elections will be the primary catalyst for resolution, as control of the Senate will likely determine which party's leader holds this position.

  • Current Senate composition and whether Democrats can gain the three seats needed to reclaim majority control in the 2026 midterms
  • Schumer's position and standing within the Democratic caucus, including whether alternative leaders might be chosen if Democrats gain power
  • Historical precedent showing that Senate majority leadership typically goes to the most senior member of the majority party unless internal challenges occur
  • Timing of potential resolution dependent on 2026 election results and subsequent Senate organization, expected late 2026 or early 2027
  • Relative pricing across the multi-outcome contract showing other candidates at significantly lower probabilities, indicating market focus on Schumer as the leading Democratic contender

What moved the line

  • May 7Tom Cotton27pp128¢ · Polymarket
  • May 7Chuck Schumer14pp3723¢ · Polymarket
  • May 8Amy Klobuchar12pp131¢ · Polymarket
  • May 7Amy Klobuchar10pp313¢ · Polymarket
  • May 7Lindsey Graham10pp111¢ · Polymarket

Recently closed in election 2026

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

More like this

Other questions in election 2026.

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.