Prediction Markets Bet on Democrats Winning Both Houses of Congress in Midterms

PANews reported on November 4 that, according to The Block, as of early afternoon on November 3 Eastern Time, Polymarket users placed a 76% probability on Democrats winning the Senate and 94% on winning the House, 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 contested. The report noted that if Democrats control Congress, Democrats such as Elizabeth Warren and Sherrod Brown could lead key committees regulating the digital asset industry. In the Ohio Senate race, Kalshi users placed a 71% probability on cryptocurrency critic Brown defeating incumbent Senator Jon Husted.