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Next Senate Democratic Leader?

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
Chuck Schumer 52¢
Chris Murphy 27¢
Brian Schatz 11¢
Chris Van Hollen 8.8¢
Patty Murray 7.6¢
Cory Booker 4.4¢
Tammy Baldwin 1.9¢
Amy Klobuchar
Mark Warner 1.9¢
Jon Ossoff 1.9¢
Jacky Rosen 1.9¢
Raphael Warnock
Ruben Gallego

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 Thu, 17 Sep 2026 04:54:01 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 122.4%. 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 52%. 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.

52%

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The record

What this market has cost every day since 21 December 2025, 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 DecJanFebMarAprMayJunJulAugSept Chuck Schumer 50.5 Chris Murphy 23.5 Brian Schatz 9.8

Over this window Chris Murphy went from 5.5 to 23.5, a move of 18 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
Senate Democrats
Contract terms
Kalshi product certification (PDF)
Closes
Sun, 31 Dec 2028 15:00:00 UTC
Resolution, for the Chuck Schumer contract
If Chuck Schumer wins the next Senate Democratic Leader election, then the market resolves to Yes.
Ticker
KXSENATEDEMLEAD-28JAN01

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