Democrats Now Favored by Crypto Punters to Take Control of House, Senate in Midterms as Trump Approval Ratings Shrink

Cryptocurrency punters now expect more than a 50% chance that the Democrats will sweep both the House and Senate in the upcoming midterms.Democrats Gain AdvantagePolygon -based Polymarket currently prices a 51% chance that the Dems take control of both the upper and lower chambers, up from 45% a month ago.A year ago, the odds were 26%, and at the beginning of 2026, they were 34%.Democrats were the frontrunners to take control of the House, with 89% odds in their favor. The Senate race was closer, with the blue party holding a 51% chance of reclaiming control.The Republican Party currently controls both the House and the Senate. The midterm elections are scheduled for Nov. 3. Read Also: Trump’s Support Shrinking?The odds come amid President Donald Trump’s , with some polls placing his overall approval as low as 32% to 34%.Surveys conducted in August found Americans now trust Democrats more than Republicans to manage the economy, ending nearly a decade of Republican advantage.This shift in public opinion comes amid climbing energy prices fueled by the conflict with Iran. August set a new record, with the national average for gasoline coming in at $4.056 per gallon. This broke the previous record set in 2022, which was $3.940 per gallon.Trump defended rising gasoline prices as a necessary cost of seeking Iran’s denuclearization, saying he would “never apologize” because he “did the right thing.” Read Also: Marjorie Taylor Greene Tells Trump to Put Data Centers at Mar-a-Lago After President Warns China Is Loving the Backlash: 'Good Luck Winning the Midterms' Photo: IAB Studio / Shutterstock – ek