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%
Republican Party
all
2 markets
Predict
Polymarket
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 United States Senate following the 2026 midterm elections. Aggregated across Polymarket and Predict, the consensus probability stands at 55.0% for Republican Party control, with Democratic Party control at 47.0%. Resolution will be determined by Official U.S. Senate records, federal and state election authority certifications, and the party affiliation of the elected Senate Majority Leader. Watch the November 3, 2026 election results for the final determination of Senate control.
This market will resolve according to the party that wins control of the United States Senate 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. The following rules govern the counting of seats for determining which party wins control of the chamber. 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. Runoffs for qualifying elections will determine attribution of the relevant seat, even if they take place after November 2026. Vacant 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 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 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 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 party that controls the Senate following the 2026 U.S. Senate elections scheduled for November 3, 2026. Senate control is defined as having more than half of the voting Senate members, or half of the voting Senate members and the Vice Presidency. If the outcome of this election is ambiguous given the above rules, this market will remain open until the Majority Leader of the US Senate is selected following the 2026 US general election, at which point it will resolve to the party the majority leader is affiliated with at the time of their election to that position. If the elected majority leader does not caucus with any listed party this market will resolve “Other”. Determination of which party controls the Senate after the 2026 US Senate elections will be based on a consensus of credible reporting, or if there is ambiguity, final federal and/or state election authority certification or other final official determination of the 2026 election results.
Prediction markets and polls measure different things: polls capture voter sentiment at a snapshot in time, while markets aggregate all available information—including historical voting patterns, fundraising, retirements, and long-term demographic trends—into a single probability. Markets reward accuracy with real money, creating strong incentives for participants to incorporate polling data alongside other signals. The 2026 Senate market typically reflects a more forward-looking consensus than traditional polls, especially as the election approaches and uncertainty narrows. Comparing the two helps identify where markets diverge from public opinion and why.
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. Price differences between Polymarket and Predict arise from distinct user bases, liquidity pools, and trading mechanics. Polymarket may attract institutional traders and larger positions, while Predict draws a different demographic with varied risk appetites. Geographic restrictions, fee structures, and platform-specific events also influence where capital flows. Additionally, one platform may process breaking news or polling releases faster than the other, creating temporary arbitrage windows. These gaps typically narrow as traders exploit discrepancies, but persistent spreads reveal genuine differences in how each market weights available evidence about Senate control.
The market resolves on Nov 3, 2026, following the 2026 midterm elections. The outcome is determined by which party holds a majority of Senate seats after all races conclude and any recounts or legal challenges are resolved. This is an objective, verifiable result certified by official election authorities. Traders should monitor state-level races, incumbents seeking reelection, open seats, and demographic shifts in key battlegrounds as the election approaches. The final Senate composition will be the sole arbiter of market resolution.
Major catalysts include retirements or unexpected candidate announcements in competitive states, shifts in national economic conditions and approval ratings, significant legislative victories or failures, and primary election results that determine general election matchups. Polling trends in swing states—particularly Arizona, Nevada, Pennsylvania, and Wisconsin—carry outsized influence. Fundraising reports and donor sentiment signal party strength and candidate viability. National events like economic recessions, foreign policy crises, or scandals can reshape the political environment. Special elections and off-year contests may foreshadow 2026 dynamics. Traders should track these developments closely as they directly influence Senate seat probabilities.