Gary Black, managing partner at The Future Fund, pointed on Tuesday to growing odds of a Democratic sweep in both chambers of Congress in the November midterms.
Dems Set to Win Midterms?
Citing Kalshi, Black said Democrats have a 61% chance of taking control of the Senate and a 91% chance of winning the House.
Republicans currently hold a 53–47 majority in the Senate and control the House by a slim 218–214 margin. The midterm elections are scheduled for Nov. 3.
Kalshi bettors priced in a 62% chance of a Democrat sweep, up from 46.5% a month ago.
Meanwhile, the odds of the Democrats winning more than 52 seats in the Senate stood at 37%, alongside a14% chance of holding over 249 seats in the lower chamber.
Crypto Bettors in Sync
Bettors on Polygon (CRYPTO: POL)-based Polymarket broadly agreed with their Kalshi counterparts, assigning a 66% chance of a Democratic sweep.
Democrats were the frontrunners to take control of the House, with 93% odds. The Senate race was closer, with Dems holding a 66% chance of reclaiming control.
Kalshi and Benzinga have an existing data collaboration agreement.
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