Polymarket predicts that the Republican Party will win control of the House of Representatives

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According to Jinse Finance, as of Wednesday afternoon New York time, the trading price of the ‘Democratic Party’ stock in the ‘Will the Democratic Party regain control of the House of Representatives after the 2024 election?’ contract on the Polymarket platform is 1 cent, indicating that traders believe the likelihood of the party regaining control of the House of Representatives is only 1%, and the probability of the Republican Party winning control of the House of Representatives is as high as 99%. According to the Associated Press, as of 2 p.m. Eastern Time, the control of the House of Representatives is still undetermined. But the Republicans have won at least 52 Senate seats, ensuring their majority in the Senate. If Polymarket’s bets are correct, then the Republican Party led by Donald Trump will achieve a triple victory, controlling the White House and both houses of Congress.

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