Fair Model vs. Markets

Fair Model vs. Markets

Ray Fair’s vote equations use economic data and past election results to forecast the vote. This project compares his 2026 House forecast with live predictions from Kalshi, PredictIt and Polymarket.

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House popular vote

FairKalshiPolymarket
Chance Democrats win the vote–––
Median Democratic share–––
Chance Democrats win the House (seats)––
Chance Democrats exceed each share of the two-party vote

FairKalshiPolymarket

Chance Democrats win the popular vote over time

Fair (each update since Dec 2025)KalshiPolymarket

Market prices start Oct 16, when this page began saving them.

Senate control

Democrats need 8 of these 14 races for 51 seats.

StateNowKalshi24hPredictItPolymarket
Pivot state–––
Senate control contract–––

Chance Democrats control the Senate, over time

Pivot state (Kalshi)KalshiPredictItPolymarket

The House equation

Fair's prediction of the Democratic two-party vote share, .

The equation uses economic conditions and a few structural political facts. It is not adjusted for current events.

Try your own numbers

Predicted Democratic share–
Chance Democrats win the vote–