Best Prediction Markets for Midterm Elections

November will be a massive month for US politics, and the best prediction markets for midterm elections allow eligible users to trade on all the biggest races across the country. Use the linked offers on this page to get sign up bonuses from all the top prediction market platforms for Election Day.

Best Prediction Markets for Midterm Elections (November 2026)

*Prediction markets are not available in Michigan, Nevada, and Ohio.

Eligible users in over 40 states where prediction markets are available can sign up with the best trading platforms for the 2026 midterms. Prediction market platforms like Kalshi and Polymarket offer a variety of options for users in legal states to buy and sell positions for election night.

Featured Midterm Election Markets

Markets for the November midterm elections are among the most popular options to trade on prediction platforms right now, with users buying and selling contracts for a variety of major political events. As Election Day arrives, some of the highest liquidity markets on prediction platforms like Kalshi and Polymarket include outcomes for House and Senate races, Governor and Mayoral elections, Congress balance of power, and more.

Texas Senate Election

The Texas Senate election has been one of the most closely tracked races across the country, and that has certainly translated to the prediction markets. The markets currently show (D) James Talarico (75%) as a favorite to win the election against (R) Ken Paxton (25%). Total trading volume on Kalshi for the Texas Senate winner has already exceeded $66M and is likely to continue rising as Election Day arrives.

Los Angeles Mayor Election

The Los Angeles Mayoral election is perhaps the most high-profile of all the midterm mayoral races, and the prediction markets reflect that interest. Incumbent Karen Bass (58%) is currently leading Nithya Raman (42%) in the markets. The Kalshi market for the LA Mayor winner has over $108M in trading volume already as users buy and sell positions for election night.

Ohio Governor Election

The Ohio Governor’s race has been one of the most nationally recognized elections for November’s midterms. Prediction markets have been trending for this race as well, as (D) Amy Acton (83%) holds a massive lead over (R) Vivek Ramaswamy (17%) with voters heading to the ballot boxes. On Kalshi, the market for the Ohio Governor winner shows over $7M in trading volume already.

Maine Senate Election

The Maine Senate race is one of the more closely tracked races for the midterm elections, and the prediction markets have seen high trading volume ahead of Election Day. Currently, (D) Troy Jackson (73%) has a commanding lead in the markets over incumbent (R) Susan Collins (27%). The Kalshi market for this race is one of the highest-liquidity midterm options with over $17M in trading volume.

Michigan Senate Election

The Michigan Senate election has been one of the most hostile races of the 2026 midterms, and the prediction markets have seen a high level of action. Markets for the Michigan Senate winner show (D) Abdul El-Sayed (78%) as a prohibitive favorite over (R) Mike Rogers (22%) leading up to the election. On Kalshi, this market continues to command action with over $19M in trading volume.

Congress Balance of Power

Prediction markets for the midterms also offer options for users to trade on the Congress balance of power following the elections. As voters across the country cast their ballots, the markets currently favor a Democrat sweep at (72%) implied probability. An outcome for the Democrats to win the House and Republicans to win the Senate is currently trading at (24%) implied probability.

Party to Win the Senate

The Senate majority is one of the most crucial outcomes of the 2026 midterms, and prediction markets are available for users to trade on which party will control the chamber following election night. Currently, the Democrats (74%) are heavily favored to win the Senate in the November midterms. The Republicans are trading at just (26%) implied probability.

Party to Win the House

Prediction markets suggest that a Democratic Party House majority is a foregone conclusion following the midterm elections. Currently, the Democrats (94%) are overwhelming favorites in the markets to win the House. Markets suggest the Republicans (6%) are very unlikely to retain control of the House following election night.

How to Trade on Midterm Election Markets

Trading on prediction markets for the midterms is very straightforward and easy to understand. With prediction markets, users buy and sell event contracts for yes/no outcomes of real world events.

Contracts are priced from $0.01-$0.99 based on implied market probability, and users can buy and sell shares for either side of the outcome. A correct prediction will return a profit of: $1 – (price paid for contract). An incorrect prediction will not return any profit, but will only lose the price originally paid for the contract.

Sign Up on Prediction Markets

Follow the step-by-step process detailed below to sign up with the best prediction markets for midterm elections in 2026. Eligible users in available states can claim welcome bonuses when they sign up with various platforms listed on this page.

2. Complete Know Your Customer verification and enter the required information to register for an account: Full name, email, date of birth, address, and Social Security.

3. Make a deposit using the available prediction market payment methods like credit/debit cards, bank transfers, crypto deposits, and more.

4. Start trading on prediction markets for real world outcomes, like the 2026 midterm elections.

5. Receive a bonus to use for buying event contracts for election markets. Typically, new user sign up bonuses are awarded after making a qualifying deposit or completing a required amount in trades.

Trade on Prediction Markets for Elections

After registering for an account, eligible users in legal states can trade on the midterms with a variety of prediction platforms. There are a variety of ways to trade on the US midterm elections, including Senate, House, Governor, and Mayoral election winners, plus margin of victory markets for various races. Users can also trade on the balance of power in Congress following the elections as new majorities could be established.

Best Strategies to Trade on Midterms

Whether you’re a new trader or an experienced user, it can be beneficial to use a strategy for buying and selling positions for election night. Political traders can utilize various order types, sell their shares early, make combo trades, and trade positions based on market liquidity.

Market Price Trades (Quick Order)

Use quick orders (market price trades) to buy and sell contracts with trades that are processed instantly using the best available price. These order types allow users to take the position(s) instantly rather than waiting for the order to be matched. Because quick orders use the best available priced contracts on the market to fill the order, it’s possible that not every contract in the order will be the same price (depending on order size).

Limit Order Trades (Set-Price Order)

Make a limit order trade (set-price order) to buy or sell contracts at a specified price. This order type allows for more user control when trading, as it will only be executed at the set price. Because it’s a set-price trade, it’s not guaranteed that the order will be executed immediately, or at all (if there are no matching orders). Limit orders that are not executed immediately will sit on the open market until they are matched by a user with a corresponding trade.

Sell Shares Early (Cash Out)

Politics traders can sell their positions early to secure a profit if the market has moved in their favor. For example, if a user buys contracts for a midterms market at a price of $0.65 per share, and then the market moves to $0.70 per share, that user would have the option to sell some or all of their contracts early and secure a profit of $0.05 per share before the market resolves. Exiting the market early can also be a good way for users to protect themselves from losing the full value of their positions and cut their losses if the market has moved against them.

Prediction Market Combos

Prediction market apps like Kalshi allow users to make combo trades for midterm election outcomes. With a combo trade, users can stack together multiple predictions into the same position to increase their potential profit. To make a successful combo trade, each of the individual markets must resolve successfully. If any of the individual predictions are incorrect, the combo trade will not return a profit.

Watch Market Liquidity (Low vs. High)

Trading based on market liquidity can be advantageous to users making predictions for the midterms. Markets with lower trading volume will provide less mobility, as there are fewer orders to match a given trade. However, low liquidity markets can sometimes offer trader-friendly prices. Markets with higher liquidity provide more maneuverability for limit orders, as more orders to match means a higher probability of the trade being executed at a given price.

Best Prediction Market Promo Codes: Claim a Bonus to Trade on Midterms

Prediction market promo codes offer sign up bonuses for new users when they register for an account. Welcome offers are available in various forms, including trad-and-get offers, as well as deposit bonuses.

New users located in states where prediction markets are available can click the links above to claim a variety of sign up bonuses from the best prediction markets for midterm elections. Be sure to read through the terms and conditions for any new user promos before claiming the offer.

Midterms Prediction Markets FAQs