Prediction Markets Bet on Democrats Winning Both Chambers of Congress in the Midterms

November 4 — According to The Block, as of early afternoon Eastern Time on November 3, Polymarket users put the probability of Democrats winning the Senate and the House at 76% and 94% respectively, with corresponding probabilities of 75% and 94% on Kalshi. This midterm election will see all 435 House seats and 35 of the 100 Senate seats up for election. The report said that if Democrats control Congress, Democrats such as Elizabeth Warren and Sherrod Brown could lead key committees overseeing the digital asset industry. In the Ohio Senate race, Kalshi users see a 71% probability that crypto critic Brown defeats incumbent Senator Jon Husted.