TOTAL VOLUME:
$114.5b
24H VOL:
$115,807,555
24H TRANSACTIONS:
1,362,287,844
OPEN INTEREST:
$1,188,566,556
336,771
Markets across
33,711
events
MATCHED EVENTS:
4,629
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
Democrats Sweep
all
2 markets
Polymarket
Predict
consensus
News
Positive
Negative
Neutral
Hover marker for details
Vol.
·
Resolves Nov 3, 2026
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This market tracks which party will control the Senate and House following the 2026 U.S. midterm elections. Across Polymarket and Predict, the consensus probability for Democrats controlling both chambers stands at 44.5%, with Republicans controlling the Senate while Democrats hold the House at 40.5%. Resolution will be determined by Associated Press, Fox News, and NBC consensus on partisan control, or official certification if consensus is not reached. Watch the election results on November 3, 2026, when voters will determine the partisan composition of both chambers.
This market will resolve according to the party that wins control of the United States Senate and the party that wins control of the United States House of Representatives in the 2026 United States midterm election. A party wins control of the United States Senate if it wins a majority of the chamber’s voting seats. If no party wins a majority of voting seats, the party that wins control of the chamber is the party that wins half of the voting seats and holds the Vice Presidency. If the outcome remains ambiguous after applying the above criteria, the chamber will be deemed controlled by the party with which the first selected President Pro Tempore of the Congress that convenes after the specified election is affiliated. A party wins control of the United States House of Representatives if it wins a majority of the chamber’s voting seats. If no party wins a majority of voting seats, the chamber will be deemed controlled by the party with which the first elected Speaker of the House of the Congress that convenes after the 2026 midterm election is affiliated. The following rules govern the counting of seats for determining which party wins control of the chambers. For determining Senate control, all regular and special Senate elections that determine representation in the upcoming 120th Congress and are scheduled to take place in November 2026 as of October 31, 2026 are included. Vacant Senate seats for which no election or special election to fill the seat is scheduled to take place in November 2026 as of October 31, 2026 will be treated as held by the party affiliation of the most recent member to hold that seat. For determining House control, all House elections in the 2026 United States midterm election that elect voting members and determine representation in the upcoming 120th Congress are included. Where a Senate or House seat is decided by a runoff, the runoff result will determine attribution of that seat, even if it takes place after November 2026. For seats contested in the specified election, seats are attributed to the party under which the member was elected. If a member-elect changes party affiliation, or vacates their seat, between election day and the formal organization of Congress, the seat is attributed to the party under which the member was elected. For seats not contested in the specified election, seats are attributed to the party that holds the seat as of the date of the election. If a current sitting member of the U.S. Senate who is not up for election changes party affiliation or vacates their seat after the date of the election, the seat is attributed to the party under which the member was affiliated at the time of the election. Senate and House members elected as independents who formally caucus with, or, for newly elected members, who announce their intent to caucus with, a party are included in that party’s count. If the caucus decisions of members of the Senate or House elected as independents cannot be determined on the date of the election, this market may remain open until the earlier of (i) an announcement from the relevant members of their intents to caucus, or (ii) January 4th, 11:59 PM ET of the following calendar year. If no such announcement is made by January 4th, 11:59 PM ET of the following calendar year, the member will not count towards the seat count of any party. The resolution sources for this market will be official information from relevant state electoral authorities, the United States Congress, and a consensus of credible reporting.
This market will resolve according to the result of the 2026 United States midterm elections. A party will be considered to have 'control' of the House of Representatives, if they win a majority of voting seats. A party will be considered to have 'control' of the Senate if they have more than half of the voting Senate members, or half of the voting Senate members and the Vice President. A candidate's party is determined by their ballot-listed or otherwise identifiable affiliation with that party at the time the 2026 United States midterm elections are conclusively called by this market's resolution sources. A candidate without a ballot-listed affiliation to either the Democrat or Republican Parties will be considered a member of one of these parties based on the party that they most recently expressed their intent to caucus with at the time the 2026 United States midterm elections are conclusively called by this market's resolution sources. If control of the House is ambiguous given the above rules, this market will resolve according to the party affiliation of the first Speaker of the US House who is selected following the 2026 United States midterm elections. If control of the Senate is ambiguous given the above rules, this market will resolve according to the party affiliation of the first Majority Leader of the US Senate who is selected following the 2026 United States midterm elections. The resolution source for this market is the Associated Press, Fox News, and NBC. This market will resolve once all three sources have conclusively called winners of the House and Senate in the 2026 United States midterm elections. If all three sources do not achieve consensus in calling the relevant races for this market, it will resolve based on the official certification
Prediction markets incorporate not only current polling data but also trader expectations about future shifts in voter sentiment, campaign dynamics, and economic conditions. While traditional polls capture a snapshot of voter preference at a single moment, markets reflect real-money bets on actual outcomes, incentivizing accuracy. The Balance of Power: 2026 Midterms markets may diverge from polls when traders anticipate momentum changes, turnout variations, or unforeseen political events. Comparing market odds to polling averages helps identify where professional forecasters and the betting public expect the most significant movement before Nov 3, 2026.
Polymarket and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform attracts different trader demographics, liquidity pools, and fee structures, which can cause price discrepancies even for identical outcomes. Polymarket currently shows 49.5% for its top outcome, while Predict reflects 46.8%, a spread of 2.7 percentage points. These differences arise from variations in user base composition, trading volume concentration, and how quickly each platform's order book responds to breaking political news. Savvy traders monitor both platforms to identify arbitrage opportunities and to understand which market segment is more bullish or bearish on specific midterm scenarios.
The market resolves on Nov 3, 2026, following the 2026 U.S. midterm elections. Resolution is determined by the official results of Senate and House races nationwide. The outcome will reflect which party holds a majority in each chamber after all votes are counted and certified. Traders should monitor state-by-state races, special elections, and any procedural developments that could affect final seat counts. The market's resolution hinges on the actual composition of Congress as confirmed by official election authorities.
Major catalysts include economic data releases, approval ratings, legislative victories or defeats, scandals affecting key candidates, and shifts in voter enthusiasm. Midterm-specific events such as candidate announcements, primary results, and debate performances will influence trader sentiment. International crises, inflation trends, and employment figures often reshape the political landscape heading into midterms. Campaign spending, voter registration drives, and turnout models will also drive market repricing. Additionally, special elections and redistricting outcomes in key states may signal momentum shifts that traders will rapidly incorporate into odds before Nov 3, 2026.