Will the Republicans win the Texas Senate race in 2026?
Crossbook compares what two exchanges, Polymarket and Kalshi, charge for the same event, and publishes a permanent scored record of its own forecasts under published rules.
Tracked on one venue, with Crossbook's own call on the record.
Bid/ask midpoint · retrieved 2026-10-29T20:40:28.683Z. Venue quote-update time is unavailable. Readings can be asynchronous.
29.5%bid 29.0% / ask 30.0%24h volume $599K · liquidity $817Kas of 29 Oct, 20:40 UTCView on PolymarketCrossbook forecast
Logged 29 Oct 2026, 19:00 UTC
- The only direct evidence is a Texas Southern University poll (Oct 21-25) showing Democrat Talarico leading Republican Paxton 49-47 among likely voters five days out; treated as signal, this makes the Democrat a slight polling favorite, which pushes Republican win probability below 50%.
- A single poll with a 2-point margin and 1% undecided is well within polling error, so this is an anchor, not a distribution; the race is best read as near-coin-flip on the polling evidence alone.
- Texas structural context pulls the other way: Republicans have won every Texas U.S. Senate race since 1993 and every statewide race since 1994, and Paxton is the Republican nominee in a midterm with a Libertarian drawing 3%, which historically correlates with modest Republican overperformance relative to polls in Texas (e.g., Cruz outpolling in 2018/2024). This is general knowledge, not from retrieved facts.
- The presence of a Libertarian at 3% and the fact that Texas has no Senate runoff under this contract's terms beyond the general election (settlement includes any runoffs, but Texas Senate races are plurality) means the 49-47 margin likely maps closely to the final outcome.
- Weighing one fresh likely-voter poll against Texas's strong red baseline, I land slightly below even money on the Republican, treating the poll as real but discounting it for house effects, single-poll noise, and Texas polling history.
What would change it: A subsequent multi-poll average (e.g., from established pollsters) showing Paxton tied or ahead, or evidence the TSU poll is an outlier, would move me toward the Texas Republican baseline of roughly 0.60-0.65.
+5.2 probability points from the market at generation · low confidence · Polymarket
Base rate: In close U.S. Senate races, the candidate leading by a small margin (2-3 points) in final-week likely-voter polling has historically gone on to win roughly 60-65% of the time, since such leads are within typical polling error; this is stated from general knowledge of the class, as no retrieved fact carries the rate.
Chosen by Crossbook's published selection rule (auto-v2), not by hand.
Formed blind at 42.0%, without sight of the price; published at 36.8%, the market’s 31.5% moved 50% of the way toward it by fixed rule. None of the cited facts could be shown to be one the market had not already priced. That check is recorded, not enforced.
What this call was reading
- A Texas Southern University poll conducted October 21–25 found James Talarico at 49%, Ken Paxton at 47%, Libertarian Ted Brown at 3%, and undecided voters at 1% among likely voters. as of 2026-10-25 · jconline.com · within 14 days of this call
- The 2026 Texas U.S. Senate election is scheduled for November 3, 2026, and the election has not yet occurred as of October 29, 2026. as of 2026-10-29 · sos.state.tx.us · within 14 days of this call
Polymarket prices this at 29.5%. No verified equivalent is currently listed on the other venue, so there is no cross venue comparison on this page.
Volume over the last 24 hours is heavy, at about $599,191 on the busier venue. It closes in 5 days. Prices this close to resolution move on news rather than on reassessment.
Related markets
- 2026 Balance of Power: R Senate, R House
- Ohio Governor winner?: Vivek Ramaswamy
- Will Alexandria Ocasio-Cortez win the 2028 Democratic presidential nomination?
- Will Alexandria Ocasio-Cortez win the 2028 US Presidential Election?
- Will Alina Habba be the next White House Press Secretary?
- Will Andy Beshear win the 2028 Democratic presidential nomination?
Crossbook publishes every forecast it makes, timestamped before the answer is known and scored against the market afterwards. See the public record and the rules it is held to.
This call is line t-0284 of the public append-only ledger, committed when it was published. It appears on the record alongside every other call, resolved and open.