Polymarket forecasts that Republicans will win control of the House of Representatives
As of Wednesday afternoon in New York, Polymarket's "Can the Democrats take back control of the House of Representatives after the 2024 election?" contract was trading at 1 cent, indicating that traders saw only a 1 per cent chance of the party taking back control of the House and a 99 per cent chance of Republicans winning it.
Control of the House of Representatives was still uncertain as of 2pm ET, according to the Associated Press. But Republicans have won at least 52 Senate seats, ensuring they hold a majority in the Senate. If Polymarket's bet is correct, the Republicans, led by Donald Trump, will secure a three-game winning streak, taking control of the White House and both houses of Congress.