Senate Race Report: October 25, 2026
Question: Nine days before Election Day, Republicans are spending $26 million to defend Kansas, suing to block certification in Alaska and retreating from North Carolina, so why is control of the Senate still a coin flip? Answer: Because every one of those facts describes a party playing defense, and defense is not the same thing as defeat. Cook Political Report moved three Senate ratings on October 20: South Carolina from likely to lean Republican, Mississippi from solid to likely Republican, and Minnesota from likely to lean Democratic. Silver Bulletin moved Iowa from toss-up to lean Democratic a day later.1 That is four moves in seven days, three toward the Democrats, and together they describe a map that has widened rather than a majority that has settled. Kalshi put Democratic control at 68 percent on October 23, up from 62 percent on October 15 and from less than 43 percent on June 24.2 The market is not hesitating about direction. It is hesitating about the last mile, which runs through five states that the forecasters describe in five different ways, and nine days is enough time for the last mile to move either way. ...