Alaska Senate 2026
Short Answer
1. Market Behavior & Drivers
- Since last update (~165d): Our model's headline probability for the predicted winner surged +36.5pp, primarily tracking market activity.
- The Democratic party's market probability increased +16.0pp, flipping its edge to market-led.
- Consequently, the Republican party probability dropped -15.0pp, also driven by market activity.
- Overall confidence decreased -2.0pp, while the headline model-to-market edge compressed +3.5pp.
- Democratic victory remains likely, broadly favored by prediction market sentiment.
- Polling averages show a much tighter race; Sullivan benefits from incumbency and spending.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Republican party | 26.0% | 29.6% | The incumbent benefits from Alaska's Republican baseline, incumbency, and significant outside spending. |
| Democratic party | 74.0% | 70.4% | Mary Peltola holds a narrow lead in several recent polls and quantitative forecasts, showing strong fundraising momentum. |
Current Context
Sources (20)
- 12026 Alaska US Senate Forecast | DDHQvotes.decisiondeskhq.com
- 2Alaska — U.S. Senate · Scrutinelscrutinel.com
- 32026 Alaska Senate Election: Polls & Odds | Prediction Edgepredictionedge.com
- 4Alaska Senate Election Winner — Polymarket vs Kalshi Oddspredictmarketcap.com
- 5alaska-senate-election-winnerpolymarket.copilot.markets
- 6Election 2026: Alaska Senate - Rasmussen Reports®rasmussenreports.com
- 7Alaska Senate: Peltola 44%, Sullivan 42% - Rasmussen Reports®rasmussenreports.com
- 82026 Polls: Alaska Senate - 270toWin270towin.com
- 9United States Senate election in Alaska, 2026ballotpedia.org
- 102026 United States Senate election in Alaskaen.wikipedia.org
- 11Alaska’s weird (and important) Senate race - The Washington Postwashingtonpost.com
- 12Trump’s war and tariffs have battered Alaska. A pro-oil Democrat could flip the key Senate seat | US midterm elections 2026 | The Guardiantheguardian.com
- 13Alaska Senate Race: Doubts About Democrats Are Republicans’ Best Asset - Bloombergbloomberg.com
- 14The weird reasons why Alaska Republicans are so worried about their Senate race - POLITICOpolitico.com
- 15Alaska Senate Race 2026 | PollingSourcepollingsource.com
- 16The 2026 Senate Races Ranked by Flip Likelihood | US Political Rankuspoliticalrank.com
- 17Electoral-vote.comelectoral-vote.com
- 18Election Information - Division of Electionselections.alaska.gov
- 19Election Calendar - Division of Electionselections.alaska.gov
- 20Alaska Was Safe Trump Territory. Now Republicans Are on Defense - Newsweeknewsweek.com
2. Price Chart
Historical Price (Probability)
3. Market Data
Contract Snapshot
This Kalshi market resolves to YES for the political party that officially wins the Alaska Senate election. It resolves to NO for any party that does not win the election. The key date is the general election on November 4, 2026. The market resolution is solely determined by which party is declared the winner of the Alaska Senate seat.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Democratic party | $0.76 | $0.26 | 74% |
| Republican party | $0.26 | $0.75 | 26% |
Market Discussion
Traders currently show a strong consensus, pricing the Democratic party as 74% likely to win the Alaska Senate race, while the Republican party stands at 26%. This sentiment is largely driven by Democratic candidate Mary Peltola's lead in polling averages (49.8% vs. incumbent Dan Sullivan's 47.1%) and her substantial fundraising advantage ($32.6M vs. $11.2M). Despite Alaska's historical Republican lean in presidential elections, traders seem to favor Peltola's platform focusing on affordability and fisheries.
4. Trust Index
Includes the cost to trade: a $10,000 order loses about 2% of the price to slippage.
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
5. How do Mary Peltola's and Dan Sullivan's 2026 platforms and voting records compare on oil, gas, and natural resource policy?
| Dan Sullivan's policy emphasis | Consistently expansionist, prioritizing maximizing oil, gas, minerals, leasing, and regulatory certainty [1][2][3][4][5][6][7][8] |
|---|---|
| Mary Peltola's policy emphasis | Combines oil and gas with refining, permitting, affordability, grid, renewables, fisheries, and local decision-making [1][2][3][9][10][4] |
| Sullivan's production goal | Approaching 1 million barrels per day (stated goal for 2026 lease sales in NPR-A, ANWR, and Cook Inlet) [5] |
Sources (12)
- 1Making Energy Affordable for Alaskansmarypeltola.com
- 2Alaska US Senate candidates meet for 'Debate for the State'alaskasnewssource.com
- 3In Alaska, Senate Candidates Claim the Oil Industry...prospect.org
- 4Sullivan, Peltola debate energy issues in closely watched...adn.com
- 5Sullivan Touts “Alaska Comeback,” Historic Opportunities, in Annual Address to Legislature - Senator Dan Sullivansullivan.senate.gov
- 6Senate Rescinds Biden-era Lock-Up of Alaska’s National Petroleum Reservesullivan.senate.gov
- 7Senate Nullifies Biden-era Lock-Up of Alaska’s National Petroleum Reservemurkowski.senate.gov
- 8Fairbanks Daily News-Miner: Delegates praise ANWR opening in tax billmurkowski.senate.gov
- 92026 Alaska Senate race: Mary Peltola (D) vs. Dan S. Sullivan (R)2026election.com
- 10State of Alaska - OFFICIAL ELECTION PAMPHLETelections.alaska.gov
- 11Rep. Peltola joins Alaska senators to champion Willow...ktoo.org
- 12Biden administration OKs Willow Arctic oil project on...sourcenm.com
6. What late-October 2026 polling trends support Mary Peltola's narrow lead over Dan Sullivan?
| Peltola's Final Round Lead (Data for Progress) | 51%–49% [1][2] |
|---|---|
| Polling Trend Shift | From Sullivan leads (mid-late September) to Peltola leads (Oct 1 onward) [3][4] |
| Prediction Market Favorability (Kalshi) | ~75% for Peltola vs ~27% for Sullivan [4][5][6] |
Sources (8)
- 1Every Statewide Race in Alaska Is Close, as 7 in 10 Voters...dataforprogress.org
- 22026 Alaska Senate Election: Polls & Odds | Prediction Edgepredictionedge.com
- 3Alaska U.S. Senate Election 2026: Latest Pollsnytimes.com
- 42026 Alaska Senate - Sullivan vs. Peltolarealclearpolling.com
- 5Alaska Senate Election Winner Predictions & Odds 2026polymarket.com
- 6Alaska Senate winner? (Person) Odds & Predictions 2026kalshi.com
- 72026 Alaska Senate Election: Polls & Odds | Prediction Edgepredictionedge.com
- 8Dan Sullivan vs. Mary Peltola: Latest Polls Ahead of Debatenewsweek.com
7. Which key endorsements or late advertising blitzes could act as catalysts for either Peltola or Sullivan in the final weeks of the 2026 campaign?
| AFP Action fresh ad buy for Sullivan | $3.4 million [1][2] |
|---|---|
| AFP Action total spending for Sullivan | $6.5 million [1][2] |
| Alaska voters concerned about gas and food | Seven in ten [2][3][4] |
Sources (7)
- 1Americans for Prosperity Action Announces $3.4m Ad Buy,...afpaction.com
- 2Alaska US Senate candidates meet for 'Debate for the State'alaskasnewssource.com
- 3Every Statewide Race in Alaska Is Close, as 7 in 10 Voters...dataforprogress.org
- 4Mary Peltola is pulling ahead against Dan Sullivan in...newsweek.com
- 5United States Senate election in Alaska, 2026ballotpedia.org
- 6Mary Sattler Peltola - 2026 Election Polls & Odds | Prediction Edgepredictionedge.com
- 7WATCH: Trump campaigns for Sen. Dan Sullivan in Alaskapbs.org
8. What do the latest FEC fundraising and spending reports for Q3 2026 reveal about the financial strength of the Peltola and Sullivan campaigns?
| Mary Peltola Cumulative Receipts (as of Sep 30, 2026) | $32.624 million [1] |
|---|---|
| Dan Sullivan Cash on Hand (as of Sep 30, 2026) | $5.104 million [2] |
| Republican Independent Expenditures (through Oct 19) | $34.5 million [3][4] |
Sources (7)
- 1PELTOLA, MARY - Candidate overview | FECfec.gov
- 2SULLIVAN, DAN - Candidate overview | FECfec.gov
- 3Alaska Senate 2026 Polls — Peltola vs Sullivan — PoliAggpoliagg.com
- 4By the numbers: Alaska’s US Senate race approaches record spending as new $2 million ad blitz begins for Sen. Sullivan - Alaska Storythealaskastory.com
- 5Mary Peltola raises $17 million in Alaska Senate race - Peepalspeepalsglobal.com
- 6Mary Peltola raises $17M in Q3 in Alaska's Senate racepolitico.com
- 7ALASKANS FOR DAN SULLIVAN - committee overview | FECfec.gov
9. What evidence supports the case for incumbent Dan Sullivan to win re-election in 2026 despite trailing in many forecasts?
| Sullivan win chance (Kalshi) | 24%-27% [1] |
|---|---|
| Sullivan win chance (Polymarket) | 37% [2] |
| Peltola RCV lead (Oct 20) | 51%-49% [3][4] |
Sources (10)
- 1Alaska Senate Winner? 2026 Race Odds & Polls: Peltola vs. Sullivan | Kalshikalshi.com
- 2Alaska Senate Race 2026 Odds | Peltola vs Sullivan Polls & Kalshi & Polymarket Alaska Senate Race Pricesactionnetwork.com
- 3Every Statewide Race in Alaska Is Close, as 7 in 10 Voters...dataforprogress.org
- 4Alaska U.S. Senate Election 2026: Latest Pollsnytimes.com
- 5Alaska U.S. Senate Election 2026: Latest Pollsnytimes.com
- 62026 Alaska Senate Election: Polls & Odds | Prediction Edgepredictionedge.com
- 7Fact Sheet: Alaska's 2026 ranked choice voting electionsfairvote.org
- 8United States Senate election in Alaska, 2026ballotpedia.org
- 9AARP Poll: Peltola Leads Sullivan in Alaska Senate Raceaarp.org
- 102026 United States Senate election in Alaskaen.wikipedia.org
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: November 03, 2027
- Closes: November 03, 2027
Sources (7)
- 1Alaska Senate Winner? 2026 Race Odds & Polls: Peltola vs. Sullivan | Kalshikalshi.com
- 2Alaska Senate winner? (Person) Odds & Predictions 2026kalshi.com
- 3https://polymarket.com/event/alaska-senate-election-winnerpolymarket.com
- 4Alaska Senate polling averagetrackthevote.net
- 52026 Polls: Alaska Senate - 270toWin270towin.com
- 6Election 2026: Alaska Senate - Rasmussen Reports®rasmussenreports.com
- 7Alaska U.S. Senate Election 2026: Latest Pollsnytimes.com