US midterms: Prediction markets favor Democrats in key crypto races

Prediction markets, including Kalshi and Polymarket, currently price a 75% probability of a Democratic sweep in key crypto races for the US midterms. This follows previous market inaccuracies regarding Brazil’s runoff. Simultaneously, attention turns to the 2026 midterms in Wisconsin, specifically the 3rd district. This House race is considered one of the most competitive contests, potentially revealing if a close alliance with Trump provides a strategic advantage or a disadvantage for Republican candidates on Election Day.