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Texas Senate: margin of victory

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
James Talarico, 0-2% 31¢
James Talarico, 2-4% 29¢
Ken Paxton, 0-2% 22¢
James Talarico, 4-6% 15¢
Ken Paxton, 2-4% 10¢
James Talarico, 6-8% 6¢
James Talarico, ≥8% 5¢
Ken Paxton, 4-6% 5¢
Ken Paxton, 6-8% 5¢
Ken Paxton, ≥8% 4¢

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Wed, 28 Oct 2026 21:28:02 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 132%. A fair book sums to 100. The excess is the house's cut, paid by whoever trades, and it is the reason the same opinion costs different amounts in different places. That number is what this site is named after.

Your call

The market says 31%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

31%

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The record

What this market has cost every day since 24 October 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 Oct James Talarico, 0- 25.5 James Talarico, 2- 22 Ken Paxton, 0-2% 21

Over this window James Talarico, 0-2% went from 16.5 to 25.5, a move of 9 points toward happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
Texas Secretary of State
Contract terms
Kalshi product certification (PDF)
Closes
Wed, 03 Nov 2027 14:00:00 UTC
Resolution, for the James Talarico, 0-2% contract
If the margin of victory for James Talarico in the 2026 U.S. Senate election in Texas is within 0% to 2%, then the market resolves to Yes.
Ticker
KXGENERALMOV-SENATETX-26

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