Vote counting in the U.S. midterm elections was still underway, but several major outlets had already projected that Democrats would win control of the House of Representatives. Reports from CNBC, NBC and CBS as of about 10:20 p.m. Eastern Time on Nov. 3 said the party was on track to secure the chamber, with NBC estimating roughly 244 seats, above the 218 needed for a majority. In the Senate, the Associated Press and NBC said Democrats had flipped two seats in North Carolina and South Carolina, with Roy Cooper and Annie Andrews, while holding Georgia and New Hampshire. Ohio, Texas and Kansas were described by multiple outlets as leaning Democratic, while Maine, Iowa and Michigan remained too close to call. Before the election, Republicans held a 53-47 Senate majority. CBS said Democrats would still need to flip two more seats and hold Michigan to take control of the chamber. On Polymarket, the probability of Democrats sweeping both chambers rose to 99.35%. As of 11:16 a.m. Beijing time on Nov. 4, Nasdaq 100 futures were down about 2.2%, S&P 500 futures fell about 1.3%, and Bitcoin traded near $76,200, down about 0.8% over 24 hours.
Vote counting in the U.S. midterm elections was still in progress, with several media organizations projecting that Democrats would win control of the House of Representatives.
According to reports from CNBC, NBC and CBS as of about 10:20 p.m. Eastern Time on Nov. 3, NBC estimated that Democrats would win around 244 seats, above the 218 required for a majority.
Senate control remained unsettled
In the Senate, the Associated Press and NBC said Democrats had flipped two seats in North Carolina and South Carolina, won by Roy Cooper and Annie Andrews, while also holding Georgia and New Hampshire.
Multiple outlets also described Ohio, Texas and Kansas as leaning Democratic. Maine, Iowa and Michigan remained too close to call.
Before the election, Republicans held a 53-47 majority in the Senate. CBS said Democrats would still need to flip two more seats and hold Michigan to take control of the chamber.
Prediction market odds and market prices moved with the count
On prediction market Polymarket, the probability of Democrats winning both chambers rose to 99.35%.
In broader markets, as of 11:16 a.m. Beijing time on Nov. 4, Nasdaq 100 futures were down about 2.2% and S&P 500 futures were off about 1.3%. Bitcoin traded at about $76,200, down roughly 0.8% over the past 24 hours.
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