Midterm margin of victory·closes in 14mo

Will the margin of victory for Democrats in the U.S. Senate election in New Mexico be at least 21 percentage points?

YES means Luján, 21+ pts

24h volume
258
1,305 lifetime
Open interest
596
+390 over 90d
Spread
200 × 5 at the touch
24h range
31¢ – 33¢
37 recent trades
Chance of YES
31%2

A YES contract costs 31¢ and pays $1 if it happens.

NO
69%

costs 74¢

YES bid / ask
26¢ / 31¢
NO bid / ask
69¢ / 74¢
24h low 31¢24h high 33¢
Recent buying27% YES · 73% NO
What Galdor thinks

An independent read of this market

1Reads the rules literallySettlement source, close time, and the edge cases that flip an outcome.
2Checks the tape and the webOrder book, flow, price history, then targeted searches with sources.
3Gives a straight answerA probability with a band, and one of four calls: YES, NO, wait, or stay out.

Generated by an AI analyst from live exchange data and public web sources. Research and analytics, not investment advice. Markets can move after this was written.

Price history

YES price per candle with the bid/ask band, volume underneath. Times in UTC.

0¢10¢20¢30¢40¢50¢volJun 24Sep 21

Order book

Resting orders, both sides shown as YES prices. Bars are size.

Yes ask (no bid)SizeYes
  • ask6697¢
  • ask2,58297¢
  • ask20097¢
  • ask20033¢
  • ask1532¢
  • ask531¢
spreadmid 29¢
  • bid20026¢
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the Democratic Party wins the 2026 U.S. Senate election in New Mexico by 21 percentage points or more, then the market resolves to Yes.

The margin of victory shall be calculated as follows based on the margin type. For percentage points: the vote percentage received by the Democratic Party minus the vote percentage received by the candidate/party/option that finishes immediately behind the Democratic Party if the Democratic Party wins, or the candidate/party that finishes first if the Democratic Party loses. Each margin range is inclusive of its lower bound and exclusive of its upper bound. No rounding shall be applied to the calculated margin. For example, for consecutive ranges of 5-6% and 6-7%, a margin of 5.99999% resolves within the 5-6% range, while a margin of exactly 6% resolves within the 6-7% range. If the Democratic Party runs under multiple parties or is listed multiple times, votes attributable to the same underlying natural the Democratic Party will be summed. If the Democratic Party wins the election, the margin will be positive. If the Democratic Party loses the election, the margin will be negative. If the Democratic Party ties for first place, the margin shall be 0. For uncontested races where the Democratic Party is the only candidate, the margin shall be 100 percentage points or the total number of votes cast (for raw votes).

opened
Apr 28 · 1:03 AM UTC
closes
Nov 3, 2027 · 3:00 PM UTC · may close early
settles by
Nov 3, 2027 · 3:00 PM UTC
floor
21
ticker
KXMIDTERMMOV-NMSEND-P21
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 37 trades, 27% of contracts were bought on the YES side.

WhenYESContractsSide
9h ago31¢191bought no
14h ago32¢32bought no
15h ago32¢20bought no
15h ago33¢15bought no
2d ago33¢42bought no
13d ago30¢15bought yes
13d ago27¢120bought no
23d ago28¢15bought no
23d ago28¢44bought no
25d ago33¢200bought no
25d ago33¢13bought no
25d ago33¢50bought no
26d ago32¢15bought no
26d ago32¢15bought no
26d ago32¢15bought no

Prices are YES cost in cents and approximate the market’s implied probability. Data is read live from the Kalshi Trade API on every page load. galdor.xyz places no orders and holds no positions. Research and analytics, not investment advice.