2026 Alaska Senate Race Outcome Tracked on Prediction Markets
Prediction markets are actively tracking the outcome of the 2026 Alaska United States Senate race, with both Kalshi and Polymarket offering markets on which party or candidate will prevail in what is historically one of the more competitive and unpredictable Senate contests in the country.
Why Alaska’s Senate Race Draws Attention
Alaska has long been a state that defies simple political categorization. Its unique ranked-choice voting system — adopted in recent cycles — adds an additional layer of complexity to forecasting outcomes, making it a natural subject for prediction market participants who seek to price in nuanced electoral dynamics.
The state’s Senate seat has seen competitive battles between Republicans, Democrats, and independents, and the ranked-choice format means that first-round leaders do not always emerge as final winners. This uncertainty makes Alaska an especially compelling market for traders attempting to forecast electoral results.
What the Markets Are Measuring
- Party winner: Kalshi’s market frames the question around which party will win the seat, reflecting broad partisan dynamics in the state.
- Candidate winner: Polymarket’s market focuses on the overall election winner, capturing both party and individual candidate considerations.
- Ranked-choice impact: Alaska’s voting system means markets must account for preferential ballot transfers, adding forecasting complexity beyond a simple plurality outcome.
Significance of the Seat
Senate races in smaller states like Alaska can carry outsized national significance depending on the broader balance of power in the chamber. Prediction markets aggregate the views of informed participants and can serve as a real-time barometer of how the race is perceived to be trending, complementing traditional polling and expert analysis.
As the 2026 midterm election cycle develops, expect market activity on this race to increase as candidate fields solidify, polling data emerges, and national political conditions evolve.
Related terms
Total Volume
$39.3m
Kalshi $4.6m · Polymarket $34.6m
Leading Market
Mary Peltola
Kalshi 69% · Polymarket 68%
Mary Peltola Volume
$24.6m
Kalshi $2m · Polymarket $22.5m
Mary Peltola 24h Change
-5.00%
Kalshi -5.00% · Polymarket -2.00%
Latest Coverage
Insights
Related Events
Calculate Your Potential Return
- Kalshi(opens in a new tab) 7.0% fee
- Polymarket(opens in a new tab) 5.0% fee
| Market | Kalshi Yes | Kalshi Fee | Kalshi Payout | Polymarket Yes | Polymarket Fee | Polymarket Payout |
|---|---|---|---|---|---|---|
| Mary PeltolaDemocratic Party | 69.0¢ | 7.0% |
|
68.0¢ | 5% |
|
| Dan SullivanRepublican Party | 32.0¢ | 7.0% |
|
33.0¢ | 5% |
|
* Estimates if candidate wins. Actual returns may vary.
All Markets
Emerging News
Elections
Alaska Senate Race Fundraising Record Clouded by DOJ Ballot Lawsuit
PN Team • 7 days ago
Alaska's record-breaking Senate race between Democrat Mary Peltola and Republican incumbent Sen. Dan Sullivan has taken a new turn as the Justice Department filed a lawsuit seeking to block certification of results if anyone other than Sullivan wins. The DOJ argues a same-named candidate, Daniel J. Sullivan Jr., could confuse the outcome, though the ballot lists the senator's party and incumbent status. Peltola called the suit a "desperate attempt" to cling to power; election integrity advocates and Democratic leaders, including Sen. Chuck Schumer, condemned it as an unprecedented intervention. The lawsuit adds legal uncertainty to a contest already defined by record spending and viewed as pivotal to Senate control.
Peltola has outraised Sullivan roughly $32 million to $13 million since January, with outside groups adding over $80 million more, as early voting continues ahead of the ranked-choice general election.
Sources:
Sentiment
- Mary Peltola Depicted as a strong fundraiser pushing back forcefully against what she calls a desperate legal maneuver.
- Dan Sullivan (U.S. senator) DOJ lawsuit appears designed to protect his seat, raising questions about fairness despite his incumbency.
- Chuck Schumer Portrayed as a Democratic leader condemning the lawsuit as improper interference.
- Republican Party (United States) Party of Sullivan, tied to a controversial DOJ lawsuit seen as favoring him.
- Democratic Party (United States) Mentioned as Peltola's party amid a contested, high-stakes Senate race.
- Alaska Setting of the contested, high-spending Senate race described factually.
- United States Senate Referenced as the chamber whose control is at stake in this contested race.
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Elections
New York Times report details staff turmoil in Mary Peltola’s Senate campaign
PN Team • 1 month ago
Alaska Democrat Mary Peltola, running to unseat Sen. Dan Sullivan in one of the midterms' most closely watched Senate races, is facing scrutiny after a New York Times investigation detailed a pattern of volatile behavior toward staff dating back to her time in the U.S. House. Nine former aides told the Times that Peltola directed profane outbursts at staff, including one incident in which she reportedly shoved a male aide on his chest, and that she used slurs, including an offensive term for gay people and "retard," on multiple occasions, allegations her campaign has denied or disputed while acknowledging some language. Aides also described her disparaging Planned Parenthood in a text message during a 2024 vote dispute, and some recounted being asked to feed her family's pet chameleon while she traveled.
The report says low morale culminated in a major campaign shake-up in August, just before Alaska's top-four primary, in which her campaign manager was fired and her chief of staff demoted, with two longtime political contractors also reassigned or dismissed. Peltola's campaign attributed any behavioral lapses to grief following the deaths of her mother and husband in 2023, denying claims of mistreatment. Peltola finished first in the August primary, keeping Alaska's Senate race, complicated by ranked-choice voting and other candidates on the ballot, among the contests likely to determine Senate control.
Sources:
Sentiment
- Mary Peltola The report details serious allegations of abusive behavior, slurs, and campaign turmoil directly damaging her reputation.
- Democratic Party (United States) Peltola is a Democrat and this scandal reflects negatively on a prominent party candidate in a key Senate race.
- Dan Sullivan (U.S. senator) Sullivan is mentioned as Peltola's opponent, benefiting indirectly from her negative coverage but not directly characterized.
- Alaska Alaska is referenced as the setting for the Senate race without direct reputational impact.
- United States House of Representatives Mentioned only as context for where Peltola's alleged behavior pattern began.
- United States Senate The Senate race is the backdrop for the story but the chamber itself is not portrayed positively or negatively.
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Elections
Vance rallies for Sullivan as Alaska Senate race emerges as midterm battleground
PN Team • 4 weeks ago
Vice President JD Vance campaigned in Fairbanks on Monday for Senator Dan Sullivan, framing Alaska as a crucial firewall for Republicans as they fight to keep control of Congress in the November 3 midterms. Sullivan, a close Trump ally, faces a tighter-than-expected race against Democrat Mary Peltola, who is running on a "Fish, Family and Freedom" platform that casts Sullivan as too tied to Trump and outside interests. A recent New York Times poll showed Peltola with a lead, though the state's rural population makes polling difficult.
Vance and Trump have cast the midterms as a referendum on the administration, touring battleground and traditionally safe states alike. Sullivan has tied his campaign to energy policy, touting a $200 billion Alaska energy investment package backed by Trump, including a South Korea-linked pipeline project, and $150 million in newly announced federal funding for electrical transmission upgrades. He has also pushed for a ban on diesel exports as fuel prices climb amid ongoing global conflicts. Cost-of-living concerns remain central to the race in a state where energy costs run higher than the national average.
Sources:
Sentiment
- Mary Peltola Portrayed favorably as leading in a poll and running a resonant populist platform.
- Dan Sullivan (U.S. senator) Portrayed as facing a tighter-than-expected race and criticized by opponents as too tied to Trump, though also shown touting investment wins.
- Alaska Central setting of the race with investment and energy policy focus, mostly neutral/factual.
- Donald Trump Depicted as a polarizing figure whose close ties to Sullivan are used against him, alongside credit for backing energy investment.
- Republican Party (United States) Referenced as the party Vance and Sullivan represent in a factual midterm context.
- Democratic Party (United States) Mentioned as Peltola's party affiliation in a neutral, factual context.
- United States Congress Mentioned neutrally as the body control of which is at stake in midterms.
- United States Senate Referenced as the chamber where Sullivan's seat is contested, factual mention.
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Elections
Independent Voters Emerge as Wildcard in Alaska’s Pivotal Senate Race
PN Team • 1 month ago
Alaska's Senate contest between Republican incumbent Dan Sullivan and Democratic challenger Mary Peltola has become one of the most competitive races in the country, with control of the Senate potentially hinging on the outcome. Peltola, a former U.S. representative and Alaska Native, has led narrowly in polling and outperformed Sullivan in the August primary, despite Alaska backing Trump by 14 points in 2024. The state's large bloc of nonpartisan and undeclared voters — a majority of the electorate — could prove decisive.
Interviews with voters in Anchorage and Palmer show independents largely favoring Peltola, drawn to her working-class image and personal ties to subsistence fishing, while Republicans back Sullivan over party loyalty and economic concerns like oil and gas jobs. Commercial trawling and its impact on salmon populations have become central campaign issues, particularly for Native Alaskan communities. The race also features a same-named third-party candidate, Sullivan a retired teacher, adding confusion to the ranked-choice ballot. Sen. Lisa Murkowski's independent brand looms large as a reference point for voters weighing Peltola's crossover appeal.
Sources:
Sentiment
- Mary Peltola Peltola is portrayed favorably as a strong, relatable candidate leading in polls with cross-partisan appeal.
- Independent politician Independent and undeclared voters are portrayed as a decisive, empowered bloc in the race.
- Democratic Party (United States) Peltola is identified as the Democratic challenger, a neutral factual reference.
- Donald Trump Trump is mentioned only as a benchmark for Alaska's voting lean, a neutral tangential reference.
- Alaska Alaska is the central setting of the race, described neutrally as politically competitive.
- Dan Sullivan (U.S. senator) Sullivan is shown underperforming in the primary and facing ballot confusion from a same-named candidate, a mildly unfavorable framing.
- Republican Party (United States) Republicans are shown backing Sullivan despite some hesitance, a neutral factual portrayal.
- Anchorage, Alaska Anchorage is mentioned as a location for voter interviews, a neutral factual detail.
- United States Senate The Senate is mentioned as the institutional stakes of the race, a neutral reference.
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Elections
Alaska holds midterm primaries in pivotal Senate race
PN Team • 2 months ago
Alaska voters headed to the polls Tuesday in primaries shaping contests for U.S. Senate, U.S. House, governor and the legislature, alongside a Florida primary seen as an early indicator for control of Congress. The marquee Alaska race pits Republican incumbent Sen. Dan Sullivan against Democratic former Rep. Mary Peltola, one of 16 candidates in the all-party primary; the top four finishers advance to a November general election decided by ranked choice voting. A same-named challenger, Daniel J. Sullivan Jr., also qualified for the ballot after Republicans failed in court to remove him, and the Justice Department is reportedly investigating whether he entered the race to confuse voters and split support from the incumbent.
Rep. Nick Begich is seeking a second term against independent challenger Bill Hill, while 17 candidates compete to succeed term-limited Gov. Mike Dunleavy. Voters are also deciding a ballot measure on campaign contribution limits. Some polls show Peltola leading in a state that typically favors Republicans, and Democrats view Alaska as a key opportunity as they seek to flip four seats to win Senate control.
Sentiment
- Mary Peltola Peltola is shown leading in some polls in a traditionally Republican-leaning state, a favorable portrayal.
- Dan Sullivan (U.S. senator) Sullivan faces a competitive race and a confusingly similar-named challenger, a mildly unfavorable situation for him.
- Republican Party (United States) Republicans are portrayed as failing in a court effort and facing a potentially competitive loss in a traditionally favorable state.
- Democratic Party (United States) Democrats are mentioned as viewing Alaska as a key opportunity to flip Senate seats, a neutral strategic framing.
- Alaska Alaska is the factual setting for the primary elections described.
- Florida Florida's primary is mentioned as an early indicator for congressional control, a neutral factual reference.
- Independent politician Independent challenger Bill Hill is mentioned only factually without elaboration.
- Mike Dunleavy (politician) Dunleavy is mentioned only as the term-limited governor whose seat is open.
- United States Congress Congress is mentioned as the broader context for the elections without specific evaluative content.
- United States House of Representatives The House is mentioned as one of the contested offices without further detail.
- United States Senate The Senate race is the central topic but described factually without reputational spin.
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Elections
Peltola Injured in Car Crash Days Before Alaska Senate Election
PN Team • 4 days ago
Democratic Senate candidate Mary Peltola and her family suffered minor injuries Saturday night when their vehicle was rear-ended at an Anchorage intersection while traveling to a campaign event, her campaign said. Peltola's campaign manager, Cheryl Bruce, said the family is "in good spirits" but that Peltola rescheduled appearances in Fairbanks and Bethel on medical advice, delaying the planned start of her "Alaska Always Tour." Other campaign stops are continuing as scheduled. Peltola faces Republican incumbent Dan Sullivan in a closely watched race that could help determine Senate control, with the ballot also including Gerald Heikes and a non-party-affiliated candidate named Daniel J. Sullivan Jr., whose candidacy has drawn criticism from Republicans, including President Trump, as a potential source of voter confusion.
Sources:
Sentiment
- Mary Peltola Injured in a car crash and forced to reschedule campaign events shortly before the election.
- Republican Party (United States) Referenced as criticizing a confusing namesake candidacy, a tangential and mildly negative mention.
- Anchorage, Alaska Site of the car crash, mentioned factually with no broader implication for the city.
- Democratic Party (United States) Mentioned only to identify Peltola's party affiliation in a factual campaign story.
- Alaska Setting of the Senate race described factually without positive or negative framing.
- Dan Sullivan (U.S. senator) Named neutrally as Peltola's opponent in the race without evaluative commentary.
- United States Senate Mentioned factually as the body whose control is at stake in this race.
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Elections
Dueling Polls Show Alaska Senate Race Too Close to Call
PN Team • 1 month ago
Two new polls paint conflicting pictures of Alaska's U.S. Senate race between Republican Sen. Dan Sullivan and former Democratic Rep. Mary Peltola, underscoring how tight the contest is expected to be. An AARP Voter Survey conducted by Fabrizio Ward and Impact Research found Peltola leading Sullivan 46 to 41 percent in first-choice votes, with the margin widening to 53-47 percent for Peltola once ranked-choice allocations were applied. A separate Co/Efficient poll, however, showed Sullivan ahead 49 to 46 percent, and found him with a more favorable personal image than Peltola.
Alaska's ranked-choice voting system, adopted by voters in 2020, is expected to play a significant role in the outcome. Republicans currently hold three of four spots on the general election ballot after a crowded Democratic primary field. The AARP poll also showed Democrats with a wider disapproval gap than Republicans statewide, while independents leaned toward Peltola. The split results highlight the race's status as one of the most closely watched Senate contests heading into the election.
Sources:
Sentiment
- Dan Sullivan (U.S. senator) Sullivan is shown leading in one poll and with a more favorable personal image, a modestly positive portrayal.
- Mary Peltola Peltola leads in another poll and among independents, giving a modest positive spin despite mixed results.
- Democratic Party (United States) Democrats are noted to have a wider disapproval gap than Republicans in the AARP poll, a mildly unfavorable data point.
- Republican Party (United States) Republicans are shown holding an advantage in ballot spots and a narrower disapproval gap, a mildly favorable mention.
- Alaska Alaska is the setting of the race, mentioned neutrally as a factual location.
- United States House of Representatives Mentioned only as Peltola's former chamber, a neutral factual reference.
- United States Senate The Senate is referenced as the context of the race without reputational implication.
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Elections
Alaska’s Ranked-Choice Voting System Draws Fresh Criticism
PN Team • 2 months ago
Alaska's ranked-choice voting system, adopted for state and federal elections, continues to face criticism after its first two election cycles were marked by complexity, delays, and voter confusion. Critics argue the system has produced convoluted outcomes and undermined confidence in results, pointing to issues like vote splitting among candidates from the same party and lengthy tabulation processes before winners are declared.
The debate has intensified around Alaska's high-profile U.S. Senate race, where Democrat Mary Peltola advanced to a four-candidate general election against Republican incumbent Dan Sullivan after finishing ahead of him in the primary, a contest that could affect control of the Senate. Peltola's candidacy has drawn scrutiny over her attendance record in past legislative roles, adding another layer to a race already being watched as a test of how ranked-choice voting shapes competitive outcomes. Supporters of the system defend it as a tool to reduce polarization and encourage coalition-building, while detractors, including Republican officials, argue it has instead created procedural headaches, making Alaska's experience a closely watched case nationally.
Sources:
Sentiment
- Mary Peltola Her candidacy is noted but paired with scrutiny over her legislative attendance record, a negative reputational detail.
- Alaska Alaska is portrayed as facing voting system dysfunction, casting a mildly negative light on the state's electoral process.
- Republican Party (United States) Republican officials are portrayed as critics of the voting system, a neutral-to-mildly critical stance role.
- Dan Sullivan (U.S. senator) Described neutrally as the incumbent Republican candidate in the race without notable criticism or praise.
- Democratic Party (United States) Mentioned only as Peltola's party affiliation, a neutral factual reference.
- United States Senate Referenced as the body whose control could be affected by the race, a neutral factual mention.
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Elections
New allegations surface that Peltola used racial slur as Alaska Senate race intensifies
PN Team • 3 weeks ago
Former Alaska Rep. Mary Peltola, the Democrat challenging Republican Sen. Dan Sullivan, faces fresh allegations from former staffers that she used a racial slur in 2024 while in office. According to a report from the Alaska Landmine, two former aides, speaking anonymously, claim Peltola used the slur after an October 2024 dinner honoring African American soldiers who helped build the Alaska-Canada Highway during World War II, reportedly directing it at a veteran and former NAACP official who organized the event.
The claim follows a New York Times investigation, based on accounts from roughly two dozen former staffers, describing a pattern of verbal and physical abuse in Peltola's office, including use of other slurs, which led to a staff shake-up ahead of the primary. Peltola's campaign has denied the latest allegation, calling it a lie from a disgruntled former staffer.
The controversy comes as Peltola seeks to unseat Sullivan in a race with implications for Senate control, though observers note Alaska's small Black population may limit its electoral impact.
Sources:
Sentiment
- Mary Peltola Peltola faces serious allegations of using a racial slur and a pattern of abusive behavior, which is highly damaging to her reputation.
- Democratic Party (United States) Peltola is identified as a Democrat, and the scandal reflects somewhat negatively on the party given the sensitive nature of the allegations.
- Dan Sullivan (U.S. senator) Sullivan is mentioned as Peltola's opponent, benefiting indirectly from her controversy but not directly portrayed.
- Alaska Alaska is mentioned as the location of the race and events, a neutral geographic reference.
- Republican Party (United States) Sullivan, the Republican incumbent, is mentioned neutrally as the opponent in the race without direct reputational harm or benefit.
- United States Senate The Senate is mentioned as the context of the race with implications for control, a neutral factual reference.
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Elections
Alaska Governor Orders Probe Into Peltola Senate Campaign Spoiler Allegations
PN Team • 1 day ago
Alaska Gov. Mike Dunleavy has ordered an investigation into Democratic Senate candidate Mary Peltola's campaign following a New York Times report alleging it helped recruit Daniel J. Sullivan Jr., a political newcomer sharing a name with Republican incumbent Dan Sullivan, to confuse voters and split the GOP vote. The order follows President Trump's call for Peltola's criminal prosecution and his push to have the Justice Department sue to block certification of the race if Sullivan Jr. remains on the ballot. The Alaska Supreme Court previously ruled Sullivan Jr. eligible to run after state officials had disqualified him. Peltola called the report a "distraction" and denied campaign involvement.
Sources:
Sentiment
- Mary Peltola Faces allegations of orchestrating a vote-splitting scheme and calls for prosecution, denies involvement.
- Democratic Party (United States) Democratic candidate's campaign accused of a scheme to split the Republican vote.
- Donald Trump Shown pushing for criminal prosecution and legal action, a political attack framing.
- Mike Dunleavy (politician) Depicted as ordering an investigation, a neutral-to-responsible governance action.
- Dan Sullivan (U.S. senator) Described neutrally as the incumbent whose name was allegedly exploited by a spoiler candidate.
- Alaska Setting of the political controversy, mentioned factually without praise or blame.
- Republican Party (United States) Mentioned as the party whose vote split was allegedly targeted by the scheme.
- United States Senate The Senate seat is the contested race at the center of the story, mentioned factually.
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