Grade C · 63%RelatedOutcome mapping: same

Kalshi vs Polymarket: Will Republicans win the U.S. Senate in 2026

Two contracts on the same event, priced by two separate crowds. Where they disagree, one of them is wrong — or the contracts are not quite the same question.

Live comparison
Kalshi
26.5%
−3.5 pts down
Polymarket
27.5%
−1.0 pts down
Disagreement
1.0 pts
Match confidence
63%
Theoretical edge
none

Side by side

MetricKalshiPolymarket
Probability26.5%27.5%
1h move0.0 pts unchanged0.0 pts unchanged
24h move−3.5 pts down−1.0 pts down
7d move−10.0 pts down−8.0 pts down
24h volume$1.39M$1.64M
Liquidity$8,699$4.42M
Spread1.0¢1.0¢
Open interest10,908,752—
ClosesFeb 1, 10:00 ETNov 3, 23:59 ET
Resolution sourcehttps://www.congress.gov/—
ContractOpen →Open →

Probability history

Both venues on one axis, with the gap beneath
KalshiPolymarket
Kalshi and Polymarket implied probability for Will Republicans win the U.S. Senate in 2026. Kalshi moved from 30% to 27%; Polymarket moved from 28% to 28%. Times shown in EST.0%20%40%60%80%100%13:10 ET19:00 ET00:50 ET06:40 ET12:30 ET

How confident is this match?

Deterministic scoring first; the model may only downgrade
Title
60%
Entities
80%
Dates
30%
Threshold
100%
Polarity
100%
Rules
32%

Deterministic score 63%. Not yet semantically verified.

These contracts have not been semantically verified yet, so no rule-by-rule comparison is available. The grade rests on deterministic scoring alone.

Theoretical cross-market edge

Grade A pairs only, from executable book prices with depth simulation
Theoretical edge is calculated only for Grade A pairs, where the two contracts appear materially equivalent for settlement analysis. This pair is graded C, so the venues are compared for probability and sentiment only.

Why are these diverging?

Explanation pending

An evidence-grounded explanation is written once this market gathers enough confirmed price and trade evidence. Every number on this page is already live.

Event timeline

No timeline events yet

Timeline entries appear once price or trade activity crosses a reporting threshold.

Notable trades on both venues

Past 24 hours, ranked by notional
MarketVenueTimeSidePriceSizeNotionalBefore+5 minMoveImpact
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket21:58 ET15 h agoYes buy29.0%202K$58,78328.5%30.5%+2.0 pts upExceptional
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket00:26 ET12 h agoNo buy71.0%75K$53,25029.5%28.5%−1.0 pts downLarge
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket23:43 ET13 h agoYes buy29.8%164K$48,93228.5%29.5%+1.0 pts upLarge
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket23:43 ET13 h agoYes buy30.0%159K$47,70928.5%29.5%+1.0 pts upLarge
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket21:58 ET15 h agoYes buy30.0%137K$41,21728.5%30.5%+2.0 pts upExceptional
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket01:26 ET11 h agoNo sell72.0%51K$36,506———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket06:03 ET7 h agoNo buy72.0%47K$33,553———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket22:02 ET15 h agoYes buy30.4%99K$30,00029.5%29.5%0.0 pts unchangedNormal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket23:53 ET13 h agoNo buy70.0%35K$24,456———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket00:50 ET12 h agoNo buy72.0%32K$22,891———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket06:03 ET7 h agoNo buy72.0%29K$21,175———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket06:29 ET6 h agoNo buy72.0%24K$17,22128.5%27.5%−1.0 pts downLarge
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket22:00 ET15 h agoYes buy30.0%55K$16,49429.5%29.5%0.0 pts unchangedNormal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket07:31 ET5 h agoNo buy73.0%20K$14,60027.5%27.5%0.0 pts unchangedNormal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket21:30 ET15 h agoNo buy72.0%20K$14,40028.5%28.5%0.0 pts unchangedNormal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket06:05 ET7 h agoNo buy72.0%19K$13,65328.5%28.5%0.0 pts unchangedNormal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket22:41 ET14 h agoYes buy29.0%44K$12,760———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket22:38 ET14 h agoNo buy71.0%16K$11,578———Normal
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket00:40 ET12 h agoNo buy72.0%16K$11,52028.5%27.5%−1.0 pts downLarge
Will the Republican Party control the Senate after the 2026 Midterm elections?Politics · Polymarket ↗Polymarket07:12 ET6 h agoYes buy28.0%35K$9,77627.5%27.5%0.0 pts unchangedNormal