Huge Drop In Odds Favoring Republican Control Of House And Senate

On April 16, 2014, the price of the Iowa Electronic Market Security for a Republican House and a Republican Senate was .566, or a 56.6 percent chance that the Republicans would control Congress after the 2014 election. The current price is .275, or a 27.5 percent chance.

The odds favoring a Republican controlled Congress after the 2014 Congressional election have declined to less than half of what the odds were a month ago. The red line in the chart represents the price and odds of a Republican controlled House and Senate.

Congress14
2014 US Congressional Control Market

Source: Iowa Electronic Markets

Market Quotes: Congress14 

2014 Congressional Control Market.

Quotes current as of 20:30:02 CST, Friday, May 23, 2014.

Symbol	Bid	Ask	Last	Low	High	Average
DH_DS14	0.035	0.049	0.022	0.021	0.060	0.029
DH_RS14	0.007	0.008	0.007	0.007	0.007	0.007
RH_DS14	0.337	0.492	0.490	0.490	0.490	0.490
RH_RS14	0.275	0.437	0.275	0.275	0.330	0.307
OTHER14	0.201	0.225	0.207	0.160	0.207	0.186

Source: Iowa Electronic Market