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KalshiCloses February 1, 2027

How many Elon-backed non-incumbents will win seats in Congress in 2026?

A ladder on one number: the likeliest rung is At least 1 at 96% on Kalshi, as of Nov 10, 19:14 UTC. It's up 45 points in the last 24 hours.

At least 1 96% ▲ 45 pts · 24h

The odds

as of Nov 10, 19:14 UTC
  • At least 1 96% +45
  • At least 3 66% +32
  • At least 5 30% —
  • At least 10 <1% —
  • At least 15 1.5% —
  • At least 20 8% +1.5
  • At least 25 6.3% +0.5
  • At least 50 3.1% —

A ladder: each line is its own yes/no question on the same number, in order, so the chances don't add up to 100%.

Traded today$1K
Traded in all$29K
Favourite, 7 days+68 pts

At least 1, the last 7 days

Kalshi price
25%50%75%Nov 2Nov 1051%

Nov 3: 28% · Nov 4: 96% · Nov 5: 95% · Nov 6: 90% · Nov 7: 54% · Nov 8: 55% · Nov 9: 55% · Nov 10: 51%

How it resolves

Kalshi's rule, word for word
(Each outcome is its own contract. This is the rule for the favourite, At least 1; the others read the same way with their own outcome.) If the number of non-incumbent candidates endorsed by Elon Musk after Issuance who are elected to federal office in elections held before Nov 4, 2026 is at least 1, then the market resolves to Yes. This market counts the non-incumbent candidates who receive explicit public endorsements from Elon Musk after Issuance (Jul 14, 2026) and before Nov 4, 2026 and who are subsequently elected to federal office in the United States in elections occurring after Issuance (Jul 14, 2026) and before Nov 4, 2026. Special elections count if they occur before Nov 4, 2026. "Endorsed by Elon Musk" means an explicit statement of support posted by Elon Musk that unambiguously states he endorses, supports, or backs the specific candidate for the specific federal office. Retweets, likes, replies, or ambiguous statements do NOT constitute endorsements. Making any monetary contribution (including in-kind contributions) to a candidate's campaign, political action committee, or affiliated organization, as reported by any Source Agency, is also considered an endorsement. Participating in any of the following campaign activities for a candidate is considered an endorsement: Speaking at a campaign rally, fundraiser, or official campaign event Appearing in campaign advertisements or promotional materials Serving in an official campaign role (e.g., campaign chair, advisor, surrogate) Hosting or co-hosting a fundraising event "Non-incumbent" means a candidate who is not currently serving in the specific federal office they are seeking at the time of the election. A member of the House running for Senate is considered a non-incumbent for the Senate race. "Federal office" means only: United States Senator, United States Representative, President of the United States, or Vice President of the United States. "Elected" means the candidate has been officially certified as the winner by the relevant state election authority. If Musk endorses a candidate after they have already been elected, this does not count toward the total. If Musk withdraws an endorsement before the election occurs, and explicitly states he is withdrawing support, the candidate no longer counts as endorsed.

Settlement sources: Federal Election Commission; United States House of Representatives; United States Senate; New York Times; the Associated Press; Bloomberg News; Reuters; Axios; Politico; Semafor; The Washington Post; The Wall Street Journal; ABC; CBS; CNN; Fox News; MSNBC; Elon Musk’s X account; official campaign websites of candidates; Ballotpedia; The Information; NBC

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Politics & elections

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