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Kalshi Traders Put Democrats’ Senate Odds at 74%, a Market High

Traders on prediction market Kalshi on Monday priced a 74% probability that Democrats will win control of the U.S. Senate, the highest odds for the party since the market opened. The shift followed a New York Times/Siena University poll published Sunday showing Democrats leading in several swing states, boosting their path to a Senate majority.

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AI take

Prediction markets are often treated as a cleaner read on political risk than polls alone, so a market high on Senate control matters beyond the horse race: it signals traders are repricing the legislative path, which touches everything from tax and spending to crypto and RWA rulemaking. The move is tied to a single poll, however, and one survey is a thin foundation for a durable shift. Whether the odds hold as more polling arrives, or fade as they have after past single-poll moves, is the open question.

Generated by AI for reference only.

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