
Before tomorrow’s U.S. midterm elections, Kalshi assesses the Democrats’ chance of gaining control of the House of Representatives at 93.6%. Bitcoin: native closed the fourth quarter in decline in each of the last three U.S. midterm election years—losing 17.3% in 2014, 43.5% in 2018, and 14.8% in 2022. All three periods coincided with Bitcoin’s bear markets. The upcoming U.S. midterm elections will determine control of Congress. Donald Trump has stated that if the Democrats gain control of Congress, he will use his veto power.
