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·2026 Elections·Updated 2d ago·6 contracts

2026 Midterms: Democrats Heavy House Favorites, Senate Toss-Up

Midterm control markets are active: Democrats at 81¢ to win House, Senate toss-up at 43¢. Key primaries (Michigan, Maine) and general election match-ups are driving volume. 2028 presidential nominee markets show no clear frontrunner—Newsom, Buttigieg, Ocasio-Cortez all below 20¢—while J.D. Vance leads Republican field at 41¢.

Avg price
54¢
across related markets
Contracts
6
related to this dispatch
24h volume
$213k
combined contract volume
Venues
Kalshi
single-venue listed

Cross-market probability snapshot

Each row is a contract priced as a YES probability. Bars are tinted emerald in the >50% band, zinc otherwise. Hover or open in /markets for live orderbook data.

Key takeaways

  • 01

    Midterm control markets are active: Democrats at 81¢ to win House, Senate toss-up at 43¢.

  • 02

    Key primaries (Michigan, Maine) and general election match-ups are driving volume.

  • 03

    2028 presidential nominee markets show no clear frontrunner—Newsom, Buttigieg, Ocasio-Cortez all below 20¢—while J.D.

Full analysis

The 2026 midterm election cycle is generating significant activity, particularly around the fight for Senate control. Democrats are favored to win the Senate (43¢ vs. 56¢ for Republicans), but control of the House is a stark contrast: Democrats win the House is priced at 81¢, implying a 4-in-5 chance of a split government. Key individual races driving these odds: Michigan Senate (Abdul El-Sayed at 77¢ for the Democratic nomination, 68¢ to win the general), Maine Senate (Democrats at 62¢), and Texas Senate (Republicans at 57¢). The presidential nomination markets are relatively quiet but notable: J.D. Vance (41¢ for GOP nominee) is the leading Republican pick, while Gavin Newsom (19¢) leads a fractured Democratic field. The 2028 presidential nominee markets provide a longer-term view, with Newsom, Buttigieg, and Ocasio-Cortez all below 20¢, signaling no clear frontrunner.

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