- Will the Democrats win the New Mexico Senate race in 2026?97¢
- Will the Republicans win the New Mexico Senate race in 2026?4¢
Ben Ray Luján’s strong position in the November 3, 2026, New Mexico Senate election stems from his incumbency, consistent double-digit leads in recent polling, and broad support among Democrats and independents. The state’s Democratic lean, evident in recent presidential results, combined with Luján’s substantial fundraising edge and established name recognition, has kept the race rated Solid Democratic by major forecasters. Republican nominee Larry Marker, an oil and gas operator who advanced only as a write-in candidate after the initial GOP contender was disqualified, trails significantly in resources and visibility. Traders’ consensus reflects these fundamentals, though late developments such as a major scandal, health event, or sharp national shift could still alter the outcome before Election Day.
Rules
This market will resolve according to the winner of the 2026 midterm New Mexico U.S. Senate election, inclusive of any run-offs. A candidate shall be considered to represent a party in the event that he or she is the nominee of the party in question. Candidates other than the Democratic or Republican nominee (e.g., Greens, Libertarian, independent) may be added at a later date. Candidates who run as independents will not be encompassed by the “Democrat” or “Republican” options regardless of any affiliation they may have with the party. The candidates may be named in the contract for the convenience of traders. In the event that any named candidate is replaced as the nominee of their respective party prior to election day, the name in the contract will be updated and the market will resolve based on the replacement nominee of the party. The resolution source for this market is the Associated Press, Fox News, and NBC. This market will resolve once all three sources call the race for the same candidate. If all three sources haven’t called the race in this state for the same candidate, this market will resolve based on the official certification.