Free Trial

MIDTERMS: Nevada Senate Race Swings Toward Republican Candidate

US

Betting exchange Smarkets has shown a surge in support of Republican candidate Adam Laxalt in the Nevada Senate race. The Nevada race is one of the tightest in the country and the sentiment change is indicative of how the political environment has shifted towards the GOP since hotter-than-expected September CPI data and the OPEC+ decision to cut oil production put the brakes on the Democrat summer recovery.

  • A new campaign ad on behalf of incumbent Senator Catherine Cortez Masto (D-NV) has continued to focus on abortion and although the, SCOTUS "Dobbs" decision remains a midterm wildcard, some Democrat strategists believe that a singular focus on abortion has come at the expense of pursuing a message on the economy.
  • A "Nevada mother" in Cortez Masto campaign ad says: “I tell my girls if you can dream it, you can do it. I take it incredibly personally that Adam Laxalt is working to take away the rights of my daughters [...] My daughters deserve better than."

Chart 1: Nevada Senate Race Winner

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.