Kalshi index shows Democrats favored in Senate, House, and 2028 presidency

The Kalshi American Power Index (KPOW) has reported a significant shift in forecasted political control, indicating a 66% chance of the Democrats holding the Senate, a 92% chance of maintaining control of the House, and a 59% likelihood of a Democratic victory in the 2028 presidential election. This update comes amidst the 2026 midterm election cycle, where recent polling data suggests Democrats leading in key battleground states. Kalshi’s projections are consistent with a broader trend of Democratic strength across multiple races, which appears to impact market expectations on Republican prospects.