US Midterm 2026 Results: Early Races Called as BTC Slips and US Futures Dive
US midterm results favored Democrats as Bitcoin edged lower and S&P 500 futures fell 0.6%. Democrat Senators Jon Ossoff and Mark Warner have just won Georgia and Virginia respectivly.S&P 500 futures reversed an early gain as Kalshi, a prediction market, put Democratic Senate odds near 90%. Traders fear a Democratic sweep could curb data center growth, hitting artificial intelligence stocks.What Do the US Midterm Results Mean for Futures?Nasdaq-100 futures lost 0.5%, and Dow Jones Industrial Average futures fell 252 points, also 0.5%.Kalshi put Democratic odds of winning the House at 97%, an outcome markets had largely expected.Investors fear a Democratic majority could bring nationwide data center limits. AI stocks had already pulled back in recent weeks on slowing spending worries.Futures on the Cboe Volatility Index , a gauge of expected market swings, climbed to 20.90.Advanced Micro Devices first jumped double digits after hours on third-quarter earnings that beat estimates. The stock later pared gains to about 4%.Osaic chief market strategist Philip Blancato said a sweep might not drag the broader market. “In that scenario of a Democratic sweep when there’s less funding for AI or less support for data centers, I think the rest of the market will do quite well because of how strong earnings have been.”Philip Blancato, Osaic chief market strategist, via CNBC Will Bitcoin Follow the Post-Midterm Pattern?Bitcoin traded slightly lower on the day.CNBC found the S&P 500 rose after all 11 midterms from 1982 to 2022. The average gain one year out was 13.7%.Binance Research data showed Bitcoin gaining 54% on average after past midterms, per earlier coverage of . The sample is small.If that pattern holds, the election-night dip could fade. A decisive Senate result reshaping AI and tax policy would make that read wrong.Control of Congress could set rules on data centers and tax breaks. Those rules shape the AI trade, a driver of equity risk appetite that crypto prices may follow.