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Speaker of the House for the 119th Congress

This is a market on who will be the next Speaker of the House following the upcoming congressional elections.

Event Details

Total Volume: $629.4K
24h Volume: $4.9K
Total Liquidity: $157.7K
Markets: 10
Event Ends: 2/1/2025

Event Analysis

Summary

The race for Speaker of the House in the 119th Congress presents a complex prediction challenge influenced by multiple factors, including the upcoming 2024 congressional elections, current political dynamics, and recent leadership instability. The search results indicate an extremely competitive environment, with forecasts showing nearly equal probabilities (50-50) between Democratic and Republican control of the House. Recent history has demonstrated significant volatility in House leadership, as evidenced by the tumultuous transitions from McCarthy to Johnson in 2023. The narrow margins in the current House and projections for 2024 suggest that party control - and thus the Speakership - could be determined by just a few seats, making this prediction particularly challenging.

Analysis

Current Political Landscape

House Control Projections

  • Democrats projected to hold between 204-235 seats (Solid Purple forecast)
  • Republicans currently hold narrow majority but facing challenges
  • 31 "toss-up" seats identified that could determine control
  • Both parties given roughly 50% chance of majority

Recent Leadership Context

  • Mike Johnson (R-LA) currently serving as Speaker after McCarthy's ouster
  • Multiple leadership changes in 2023 demonstrate instability
  • Narrow margins make coalition-building critical
  • Historical precedent shows importance of party unity

Key Factors to Watch

Electoral Dynamics

  • All 435 House seats up for election in November 2024
  • Special elections (like NY-03) could impact current margins
  • Redistricting effects in several states
  • Presidential election year turnout implications

Party Unity

  • Republican factions demonstrated willingness to challenge leadership
  • Democratic unity potentially stronger but dependent on election results
  • Cross-party cooperation increasingly rare in Speaker elections

External Factors

  • Presidential election impact on down-ballot races
  • Economic conditions and voter sentiment
  • International events/crises
  • Campaign fundraising disparities

Recent Developments

  • Several incumbent retirements announced
  • Ongoing redistricting challenges
  • Current Speaker Johnson facing internal party pressures
  • George Santos expulsion impact on margins

Prediction

Based on current evidence, I predict a 60% probability of Democratic control and thus a Democratic Speaker, with a 40% probability of Republican control and Speaker. Within the Republican scenario, there's higher uncertainty about who would serve as Speaker given recent leadership instability.

Speaker Party

Democratic:60.0%
Republican:40.0%
Confidence: 6/10
Reasoning Score: 8/10

Market Options

Will Steve Scalise be the first elected Speaker of the House for the 119th congress?

Yes
1.1%
No
99.0%
Liquidity: $157.7K
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Will Tom Emmer be the first elected Speaker of the House for the 119th congress?

Yes
0.2%
No
99.8%
Liquidity: $157.7K
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Will Hakeem Jeffries be the first elected Speaker of the House for the 119th congress?

Yes
0.4%
No
99.6%
Liquidity: $157.7K
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Will Jack Bergman be the first elected Speaker of the House for the 119th congress?

Yes
0.3%
No
99.8%
Liquidity: $157.7K
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Will Pete Sessions be the first elected Speaker of the House for the 119th congress?

Yes
0.2%
No
99.8%
Liquidity: $157.7K
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Will Mike Johnson be the first elected Speaker of the House for the 119th congress?

Yes
92.9%
No
7.1%
Liquidity: $157.7K
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Will Jim Jordan be the first elected Speaker of the House for the 119th congress?

Yes
1.0%
No
99.0%
Liquidity: $157.7K
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Will Austin Scott be the first elected Speaker of the House for the 119th congress?

Yes
0.3%
No
99.8%
Liquidity: $157.7K
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Will Elise Stefanik be the first elected Speaker of the House for the 119th congress?

Yes
0.1%
No
99.9%
Liquidity: $157.7K
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Will Donald Trump be the first elected Speaker of the House for the 119th congress?

Yes
0.3%
No
99.8%
Liquidity: $157.7K
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