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Benzinga
Benzinga
Business
Daragh Thomas

Nate Silver's New Election Model Makes Democrats Favorites to Flip Senate—Prediction Markets Aren't so Sure

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Nate Silver‘s new midterm model launched Tuesday with a striking call: Democrats are 57.3% favorites to win the Senate, a chamber where they need a net gain of four seats against a 53-47 Republican majority.

Prediction market traders are more cautious. Polymarket gives Democrats a 53% chance as of Wednesday morning.

On the House, there is little argument. Silver’s model gives Democrats an 87% chance, and Polymarket traders sit at 88%.

The question may no longer be whether 2026 looks bad for Republicans. It’s whether President Donald Trump‘s political environment has deteriorated enough to overwhelm a Senate map that should favor them.

Why Silver Has Democrats Ahead

The model, called FLIPR, blends polling, fundamentals such as fundraising and incumbency, and expert race ratings across roughly 40,000 simulations.

Silver’s model sees a national environment strong enough for Democrats to compete well beyond the usual battlegrounds.

Republican-held seats in North Carolina and Maine are firmly in play, while races in traditionally red states such as Texas, Iowa and Alaska have also become competitive. Democrats need four net pickups to win the Senate.

Trump’s Problems Are Becoming GOP Senate Problems

Silver puts Trump’s approval at roughly 38%, citing an unpopular war in the Middle East, anxiety over spiking gas prices and voter fatigue with an 80-year-old lame-duck president and says only 22% of Americans strongly approve of his performance, according to the model’s data.

The unpopular Iran war and higher energy costs have added to Trump’s problems, while tariffs have kept affordability concerns front and center.

Trump himself is not on the ballot in November. Republican Senate candidates are, and they have to run on the terrain his presidency created.

Texas shows how far the map has shifted. Trump-backed Ken Paxton, who has been plagued by scandals, now faces Democrat James Talarico. Polymarket gives Talarico a slight edge, at 52%.

If Silver Is Right, Trump’s Final Two Years Change Completely

If Democrats win both chambers, Trump’s final two years could look very different: legislation would be far harder to pass, Democrats would control congressional investigations and subpoena power, and the Senate could block his judges and senior nominees.

Silver now gives Democrats a slight edge to win the Senate. Prediction-market traders remain more cautious, making control of the chamber one of the biggest unresolved questions of the midterms.

Image: Shutterstock

Read Also: Elon Musk Says AI Will Be SpaceX's Biggest Business by September: Does the Math Check Out?

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