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MIDTERMS: Bookmakers See Republican House And Senate Most Probable Outcome

US

Betting exchanges now see Republican control of both sides of Congress as the most probably outcome of the midterm elections.

  • According to Smarkets, the GOP has a 60.61% implied probability of winning both the Senate and the House of Representatives on November 8.
    • The next most probably outcome is Republican House/Democrat Senate with an implied probability of 27.78%.
  • The Smarkets data shows a dramatic shift of the political environment towards the GOP. As recently as this month the most likely outcome was a split Congress, with Democrats retaining control of the Senate.
  • The FiveThirtyEight "Delux" election model shows a similar shift, with Senate control now considered by 538 editor Nate Silver to be a "tossup" having been downgraded from "lean Democrat."

Chart 1: Chances of Controlling the Senate, % Over Time (FiveThirtyEight)


Chart 2: 2022 House and Senate Control (Smarkets)

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