Traders Flip Senate Control Bet as Democrats Overtake Republicans on Kalshi, Polymarket

Traders on prediction markets Kalshi and Polymarket have shifted their bets, now favoring Democrats to maintain control of the Senate over Republicans. This change comes as recent polling data indicates a stronger performance by Democratic candidates in key races. The odds on Kalshi reflect a 55% probability for Democrats retaining their majority, while Polymarket shows similar trends. This shift in sentiment highlights the evolving political landscape as the midterm elections approach. Analysts suggest that voter turnout and key issues will play a critical role in the final outcomes.

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