KalshiOpenPolitics

Will the Democratic Party hold more than 52 seats in the 120th Congress?

How many Senate seats will Democrats hold after the Midterms?

View on Kalshi ↗
Implied probability
47.5%
47.5¢ per contract
1 hour
0.0 pts unchanged
24 hours
−1.5 pts down
7 days
—
Kalshi
Will the Democratic Party hold more than 52 seats in the 120th Congress? implied probability. Kalshi moved from 49% to 48%. Times shown in EDT.0%20%40%60%80%100%20:35 ET21:41 ET22:47 ET23:53 ET01:00 ET$2,500 YES at 50.0%$2,500 YES at 50.0%$1,717 YES at 50.0%$1,724 YES at 49.0%$5,000 YES at 50.0%

Market statistics

24h volume
$157K
Total volume
$2.59M
Liquidity
$4,044
Open interest
1,580,863
Spread
1.0¢
Best bid / ask
47¢ / 48¢
Closes
Feb 1, 10:00 ET
Status
open
Hourly volume

Order book

Executable asks for both outcomes, deepest first
Buy YES (asks)
48.0¢11K
49.0¢5.4K
50.0¢11K
51.0¢3.1K
52.0¢8.1K
53.0¢202.2
54.0¢88.6
55.0¢3.5K
Buy NO (asks)
53.0¢7.1K
54.0¢4.6K
55.0¢10K
56.0¢9.8K
57.0¢74
58.0¢246.1
59.0¢9
60.0¢9

Why is this moving?

Evidence-grounded explanation

Democratic seat market rises on late YES buying

Moderate evidence
Observed
Established from data

The Kalshi implied probability for the Democratic Party holding more than 52 seats in the 120th Congress is currently 49.5%.

Established from data

The market price increased by 2.5 percentage points over the last 24 hours, moving from 47.0% to 49.5%.

Established from data

At 20:38 ET, three large YES executions occurred: $5,000 at 50%, $1,724 at 49%, and $1,717 at 50%.

Established from data

Following these trades, the price rose by 1.0 point within five minutes.

Plausible explanation
Consistent with the evidence, not proven

The concentrated buying of YES contracts at 20:38 ET likely contributed to the immediate short-term price increase observed shortly after.

Consistent with the evidence, not proven

The overall 24-hour upward trend may reflect broader market sentiment shifts or accumulation of positions leading up to the late-day activity.

Caveats
  • The evidence does not specify external news events driving the sentiment change.

Evidence score 35/100. Ordering in time establishes correlation, not causation. Narrative written by qwen/qwen3.8-flash from a fixed evidence package and validated against it before publication; every figure is computed by ProudGlobeHead Markets.

Event timeline

Reconstructed from snapshots and trades
  1. Large Kalshi YES execution: $5,000 at 50%
  2. Large Kalshi YES execution: $1,724 at 49%
  3. Large Kalshi YES execution: $1,717 at 50%

Largest recent trades

By notional value
MarketTimeSidePriceSizeNotionalBefore+5 minMoveImpact
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗22:18 ET3 h agoYes buy50.0%5.0K$2,500———Normal
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗22:18 ET3 h agoYes buy50.0%5.0K$2,500———Normal
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy50.0%3.4K$1,71748.5%49.5%+1.0 pts upElevated
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy49.0%3.5K$1,72448.5%49.5%+1.0 pts upElevated
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy50.0%10K$5,00048.5%49.5%+1.0 pts upElevated

Most price-impactful trades

Ranked by realised movement adjusted for liquidity — not the same as the largest
MarketTimeSidePriceSizeNotionalBefore+5 minMoveImpact
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy50.0%10K$5,00048.5%49.5%+1.0 pts upElevated
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy50.0%3.4K$1,71748.5%49.5%+1.0 pts upElevated
Will the Democratic Party hold more than 52 seats in the 120th Congress?Politics · Kalshi ↗20:38 ET5 h agoYes buy49.0%3.5K$1,72448.5%49.5%+1.0 pts upElevated