Kalshi traders betting Democrats will take Senate control

Traders on the Kalshi prediction market are beginning to believe that Democrats will take control of the U.S. Senate, according to CBS News. CBS News is sponsoring the use of Kalshi's prediction market data for its election coverage this year.

The current Senate consists of 53 Republicans and 47 Democrats, including two independents. For Democrats to reach a majority of 51 seats, they must gain a net of four seats. PBS NewsHour notes that because Republican Vice President JD Vance would break any 50/50 tie, a minimum of 51 seats is required for a Democratic majority.

President Donald Trump stated on Tuesday that the Republican Party faces a difficult battle to retain control of both the Senate and the House in the November vote. The Cook Political Report has identified 13 competitive Senate seats, including nine Republican seats currently in play. Both parties are operating under the assumption that Democrats will flip a seat in North Carolina.

Brief written by urgent.news from CBS News, PBS NewsHour — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.