Which Senate Race Will Be Closer: Alaska or Texas?
Alaska and Texas both host competitive 2026 U.S. Senate elections, and this market asks which contest will produce the tighter final margin. Alaska’s race could feature a competitive general election shaped by the state’s ranked-choice voting system, while Texas’s Senate contest has drawn national attention amid shifting partisan dynamics in a traditionally red state. Both races will be decided on November 3, 2026.
Why Markets Are Watching
A tight Senate race in either state could signal broader shifts in regional political alignment. Texas has seen growing Democratic competitiveness in recent cycles, while Alaska’s unique electoral system often produces unpredictable outcomes. The relative closeness of these races offers a window into voter sentiment heading into the midterms.
How Prediction Markets Frame the Comparison
This market isolates a single comparative question: which state’s Senate race ends with the smaller victory margin. It strips away the underlying question of who wins and instead asks traders to weigh polling trends, demographic shifts, and historical competitiveness in each state. The result hinges on relative movement in two very different political environments rather than any single race’s outcome.
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Total Volume
$1.7k
Kalshi $1.7k
Leading Market
Texas
Polymarket 63%
Texas Volume
$0.00
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Key Senate Races
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1 week ago
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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 |
|---|---|---|---|---|---|---|
| Texas | — | — | — | 98.0¢ | 5% |
|
| Alaska US Senate | 55.0¢ | 7.0% |
|
— | — | — |
| Texas US Senate | 48.0¢ | 7.0% |
|
— | — | — |
| Alaska | — | — | — | 98.0¢ | 5% |
|
* Estimates if candidate wins. Actual returns may vary.
All Markets
| Market | Total Volume | Kalshi(opens in a new tab) | Polymarket(opens in a new tab) |
|---|---|---|---|
| Texas | $0.00 | —No market |
63.0%
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Yes: 98¢
—
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|
| Alaska US Senate | $948.14 |
53.0%
Trade on Kalshi
Yes: 55.0¢
Vol: $948.14
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|
—No market |
| Texas US Senate | $716.22 |
45.0%
Trade on Kalshi
Yes: 48¢
Vol: $716.22
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|
—No market |
| Alaska | $0.00 | —No market |
37.0%
Trade on Polymarket
Yes: 98¢
—
, trade Alaska on Polymarket (opens in a new tab)
|
Emerging News
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
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
Murkowski Endorses Democrat Kreiss-Tomkins in Alaska Governor’s Race
PN Team • 2 days ago
Republican Sen. Lisa Murkowski has endorsed Democrat Jonathan Kreiss-Tomkins in Alaska's gubernatorial race ahead of the November 3 midterm election, breaking with her party in a contest that also includes three Republican candidates. The winner succeeds term-limited Gov. Mike Dunleavy. Murkowski cited the need for bipartisan problem-solving on fiscal policy, energy costs, and economic growth, saying partisanship shouldn't hamstring the state's future. She said she will not change party affiliation. Kreiss-Tomkins welcomed the backing, pledging cooperation with the legislature and industry. The endorsement comes as attention also turns to Sen. Dan Sullivan's Trump-backed reelection bid under Alaska's top-four primary and ranked-choice system.
Sources:
Sentiment
- Jonathan Kreiss-Tomkins Portrayed favorably as receiving a notable bipartisan endorsement and pledging cooperation.
- Lisa Murkowski Depicted positively as a principled bipartisan figure prioritizing problem-solving over party loyalty.
- Republican Party (United States) Depicted as divided, with a prominent senator breaking ranks to endorse a Democrat.
- Democratic Party (United States) Benefits from a cross-party endorsement of its gubernatorial candidate, portrayed as a positive development.
- Alaska Serves as the neutral setting for the gubernatorial race and election details.
- United States Senate Mentioned only contextually through senators' roles, with no clear praise or criticism.
- Donald Trump Referenced neutrally as backing a separate Senate candidate, unrelated to the main story's framing.
- Mike Dunleavy (politician) Mentioned factually as the term-limited incumbent governor being succeeded.
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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
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
Peltola Seeks Dismissal of DOJ Lawsuit Over Alaska Senate Certification
PN Team • 4 days ago
Democratic Senate candidate Mary Peltola has asked a federal judge to dismiss a Justice Department lawsuit seeking to block Alaska from certifying election results if Republican incumbent Senator Dan S. Sullivan loses narrowly. The DOJ suit cites potential voter confusion from a second Republican candidate, Dan J. Sullivan Jr., with a nearly identical name. Peltola's lawyers call the suit a baseless federal overreach into state-run election administration, while Attorney General Todd Blanche says it merely seeks to assess possible legal violations. US District Judge Sharon Gleason has not yet ruled. The race is seen as pivotal to control of the closely divided Senate.
Sources:
Sentiment
- Mary Peltola Peltola is shown taking proactive legal action to dismiss a federal lawsuit, portrayed as defending state election authority.
- Alaska Alaska's election certification process is the subject of federal legal dispute, a neutral factual mention.
- Democratic Party (United States) Peltola identified as the Democratic candidate in a neutral factual description of the lawsuit.
- Republican Party (United States) Republican incumbent and a same-named Republican candidate mentioned factually amid the naming confusion dispute.
- United States Congress Senate control is noted as the stakes of the race without direct portrayal.
- United States Senate Senate referenced only as the closely divided chamber at stake in the race.
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Elections
Independent Bill Hill trails Rep. Nick Begich in Alaska House race after primary
PN Team • 2 months ago
Alaska's U.S. House primary has narrowed to a general-election contest between Republican incumbent Nick Begich, independent Bill Hill, an incarcerated New York Democrat, and a Fairbanks Libertarian, after several Democratic contenders dropped out. Certified results showed Begich winning the primary with 44.6% to Hill's 32.5%, a 12-point gap. Anchorage Democrat Matt Schultz, the party's former front-runner, suspended his campaign in July, citing weak institutional support, and endorsed Hill; other Democratic candidates also withdrew to consolidate anti-Begich votes.
Hill, a Dena'ina Athabascan educator and fisherman, is campaigning on healthcare costs and inflation while also backing oil and gas development alongside renewables. Begich, part of a prominent Alaska political family who unseated Mary Peltola in 2024, is running on legislative wins including energy development measures and the Trump-backed tax and spending law. Begich holds a large fundraising edge. Political analysts are split: some see a plausible path for Hill given Alaska's heavy independent registration and a national climate favoring Democrats and independents, while others call Begich's reelection all but certain under Alaska's ranked-choice general election system.
Sources:
Sentiment
- Democratic Party (United States) Democratic candidates withdrew due to weak institutional support, a mildly unfavorable portrayal.
- Independent politician Independent candidate Bill Hill is framed as having a plausible path amid favorable conditions for independents.
- Mary Peltola Mary Peltola is mentioned as having lost her seat to Begich, a negative reference to her political standing.
- Donald Trump Trump's tax and spending law is cited as a legislative achievement Begich campaigns on.
- New York (state) An incarcerated New York Democrat running in the race is a mildly unfavorable detail tied to the state reference.
- Republican Party (United States) The Republican incumbent is leading comfortably in the primary, a favorable position.
- Alaska Alaska is the setting of the race, described neutrally with mention of its political dynamics.
- Anchorage, Alaska Anchorage is mentioned as the hometown of a withdrawn candidate, a neutral factual detail.
- United States Congress Referenced only as context for the House race, without direct reputational impact.
- United States House of Representatives The article centers on a House race but treats the institution neutrally.
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Elections
Alaska Governor Threatens to Halt Senate Certification Amid Peltola Probe
PN Team • 3 hours ago
Alaska Gov. Mike Dunleavy says he could stop or alter certification of the state's U.S. Senate result if an investigation he ordered finds illegal conduct tied to Democrat Mary Peltola's campaign. The probe follows a New York Times report, sourced partly to Peltola's fired former campaign manager, alleging Peltola advisers and DSCC aides helped recruit a second "Dan Sullivan" to run against Republican Sen. Dan Sullivan. Peltola has publicly denied any knowledge of the scheme, and the DSCC denies involvement. President Trump has called for Peltola's removal from the ballot, though early voting is already underway. Separately, the Justice Department has sued to block certification of any winner but Sullivan pending review, seeking a ruling before the Nov. 3 election.
The allegations have become a flashpoint in national political commentary, with reactions split along partisan lines over whether the recruitment scheme amounts to voter deception warranting intervention, or whether Republican efforts to challenge certification represent their own form of election interference.
Sources:
Sentiment
- Mary Peltola Accused of campaign misconduct via a recruited decoy candidate, despite her denial.
- Mike Dunleavy (politician) Portrayed as taking assertive action to investigate alleged election misconduct.
- Democratic Party (United States) Party implicated indirectly through a Democrat candidate's alleged campaign scheme.
- Dan Sullivan (U.S. senator) Portrayed as the target of a deceptive scheme by a rival campaign, a sympathetic framing.
- Donald Trump Shown calling for Peltola's removal, a factual mention of political intervention.
- Republican Party (United States) Republican Sen. Sullivan is the target of the alleged scheme, with the party challenging certification.
- United States Senate Senate certification process is the neutral backdrop of the dispute.
- Alaska Setting of the contested Senate race and certification dispute, largely factual.
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Elections
Independent Bill Hill mounts long-shot challenge to Rep. Nick Begich in Alaska’s closely watched House race
PN Team • 3 weeks ago
A commercial fisherman and retired educator from a small Bristol Bay village, independent Bill Hill, has emerged as a serious challenger to Republican Rep. Nick Begich in Alaska's at-large U.S. House race, drawing national attention as the GOP works to protect its narrow House majority. Hill, who is Alaska Native and Dena'ina Athabascan, has centered his campaign on affordability, high fuel costs and limiting billionaire and corporate influence, traveling more than 20,000 miles statewide by plane, ferry and ATV. He was endorsed by the Alaska Democratic Party but insists he remains independent and uncommitted on which party he'd caucus with.
Begich, from a prominent political family, has aligned closely with President Trump, who along with Vice President JD Vance and House Speaker Mike Johnson has campaigned for him; Trump is slated to rally in Wasilla soon. National GOP groups have increased ad spending as the race tightens. The ranked-choice general election, set for Nov. 3, also includes incarcerated New York Democrat Eric Hafner, whom Hill's campaign has branded a "fake Democrat."
Sources:
Sentiment
- Independent politician Hill's independent status is portrayed favorably as a point of authenticity and principle.
- Democratic Party (United States) The Democratic Party endorsed Hill, a modest positive association tied to his campaign.
- Donald Trump Trump is mentioned as campaigning for Begich in a neutral, factual context.
- Republican Party (United States) The Republican Party is mentioned factually regarding its efforts to protect its House majority.
- Alaska Alaska is the setting of the race, mentioned neutrally.
- New York (state) New York is mentioned only in reference to an incarcerated candidate, a tangential and slightly negative association.
- United States House of Representatives The House of Representatives race is the factual subject of the article without reputational framing.
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32.5%
Danny Sullivan
Vol $12.1m
2026 Alaska Senate Race Outcome Tracked on Prediction Markets
Leading:
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Mary Peltola
Vol $22.5m
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Leading:
67.5%
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Leading:
86.5%
Jonathan Kreiss-Tomkins
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Leading:
55%
Texas
Vol $0.00
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Leading:
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Vol $933.25