Democrats Now Favored by Crypto Punters to Take Control of House, Senate in Midterms as Trump Approval Ratings Shrink
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Cryptocurrency punters now expect more than a 50% chance that the Democrats will sweep both the House and Senate in the upcoming midterms.
Democrats Gain Advantage
Polygon (CRYPTO: POL)-based Polymarket currently prices a 51% chance that the Dems take control of both the upper and lower chambers, up from 45% a month ago.
A year ago, the odds were 26%, and at the beginning of 2026, they were 34%.
Democrats were the frontrunners to take control of the House, with 89% odds in their favor. The Senate race was closer, with the blue party holding a 51% chance of reclaiming control.
The Republican Party currently controls both the House and the Senate. The midterm elections are scheduled for Nov. 3.
Source: Polymarket
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Trump’s Support Shrinking?
The odds come amid President Donald Trump’s sharply declining approval ratings, with some polls placing his overall approval as low as 32% to 34%.
Surveys conducted in August found Americans now trust Democrats more than Republicans to manage the economy, ending nearly a decade of Republican advantage.
This shift in public opinion comes amid climbing energy prices fueled by the conflict with Iran. August set a new record, with the national average for gasoline coming in at $4.056 per gallon. This broke the previous record set in 2022, which was $3.940 per gallon.
Trump defended rising gasoline prices as a necessary cost of seeking Iran’s denuclearization, saying he would “never apologize” because he “did the right thing.”
Photo: IAB Studio / Shutterstock – ek
This article Democrats Now Favored by Crypto Punters to Take Control of House, Senate in Midterms as Trump Approval Ratings Shrink originally appeared on Benzinga.com
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