Will the Democratic Party control the House after the 2026 Midterm elections? Odds and prices
Markets price "Will the Democratic Party control the House after the 2026 Midterm elections" at 92%, with 2 venues quoting within 1 point of each other. The contract settles by Jan 4, 2027; each venue words its settlement rules itself, compared below.
This question on Polymarket and Kalshi.
Odds by venue
| Venue | Yes | No | Fee | 24h volume | Liquidity | |
|---|---|---|---|---|---|---|
| Polymarket | 93¢ | 7¢ | 0.3¢ | $235K | $1.4M | Trade → |
| Kalshi | 91¢cheapest to buy | 9¢ | 0.5¢ | $229K | – | Trade → |
How the odds have moved
One venue's series for the result the headline prices, not a blend; venues tick at different cadences and interpolating one onto the other would invent points.
What the market is actually pricing
Venues word settlement differently for the same question, and the difference decides who gets paid. This is the comparison no venue publishes about its rivals.
This market will resolve according to the party that wins control of the United States House of Representatives in the 2026 United States midterm election.
Full settlement wording
This market will resolve according to 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 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 chamber.
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 seat is decided by a runoff, the runoff result will determine attribution of that seat.
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.
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 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.
If the Democratic Party has won control of the House in 2026, then the market resolves to Yes.
This market may be determined early based on a consensus of media calls projecting control of the U.S. House. See full rules for details. Otherwise, victory will be determined by the party identification of the Speaker of the House on February 1, 2027.
Where you can trade this
The Trade links in the tables above open each venue's own market. The reviews cover sign-up, funding and payouts.
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Common questions
What are the odds on "Will the Democratic Party control the House after the 2026 Midterm elections"?
Markets currently price it at 92% across 2 venues, a market-implied probability rather than a forecast.
Where can I trade "Will the Democratic Party control the House after the 2026 Midterm elections"?
On Polymarket and Kalshi. Availability by state varies for sports contracts; see the legal pages.
Why do the venues show different prices?
Different traders, different fees, and different settlement wording. The gap is the reason this page exists; the cheaper side is marked in the table.