Free Trial

Betting Markets Have GOP Ahead In Senate Even Without GA, AZ Tossups

US

Latest data from Smarkets shows that based on political betting markets, the Republican party is viewed as likely to take a majority in the Senate in the upcoming 8 Nov midterms, even if they do not win the two Democrat-held tossup seats of Arizona and Georgia.

  • Political betting markets have the currently Democratic seat of Senator Catherine Cortez Masto as a 'lean Republican' seat. If this were the only seat to change hands on election night it would give the GOP a 51-49 seat advantage.
  • Data from Smarkets shows Republican candidate Herschel Walker the favourite in Georgia, leading incumbent Democrat Raphael Warnock 59.9% to 46.3% (figure sums to greater than 100% due to bookies' profit). In Arizona, incumbent Democrat Mark Kelly is given a narrow advantage over Republican Blake Masters, with an implied probability of 53.2% compared to Masters' 49.0%.

Chart 1. 2022 Election Senate Forecast

Source: Smarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.