Question: Seven weeks out, with the war with Iran escalating into the heaviest shipping attacks of the cycle, Kalshi’s Senate-control market back to a Democratic price for the first time since April, and Kansas finally putting its two candidates on one stage Saturday, is the majority closer than it was a week ago?
Answer: The models and the markets both call it a coin flip, and for a moment this week they tilted together. Decision Desk HQ gave the Democrats 51 percent around midweek before the Republicans were back at 51 within a day, and Kalshi’s Senate-control market priced a Democratic Senate at 51 percent on September 7 before settling back to even; that was not the first Democratic price in the market’s history, as an earlier version of this report said, but the first since April.1 The ratings tables were quiet, so the movement was in money and polls instead: the GOP’s strongest super PAC made its first and biggest battleground buy of the cycle in Texas, where the president spent two days boosting a nominee he also mocked; the battleground surveys leaned Democratic across the board; and Kansas, the margin seat, got its debate at the State Fair. Democrats still need a net gain of four, and a 50-50 Senate belongs to Vance. The path still runs through North Carolina, two coin flips in Ohio and Texas, and a bench from Maine to Alaska, with Kansas as the margin seat.
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