# Vermont Senate winner? (2028) In 2028 Updated: May 15, 2026 Category: Elections Tags: Senate US Elections HTML: /markets/elections/senate/vermont-senate-winner-2028/ ## Short Answer **Key takeaway.** Both the **model** and the **market** overwhelmingly agree that the Democratic party is most likely to win the Vermont Senate in 2028, with only minor residual uncertainty. ## Key Claims (January 2026) **- - Vermont consistently supports Democratic candidates in federal and presidential elections.** - The current U.S. Senator for this seat is Democrat Peter Welch. - The 2028 U.S. Senate election is scheduled for November 7, 2028. - National forecasters have not yet rated the 2028 Vermont Senate race. - Absence of specific non-incumbent candidates leaves room for unforeseen developments. - Republican Senate candidates historically underperform even popular Republican governors. ### Why This Matters (GEO) - AI agents extract claims, not arguments. - Improves citation probability in summaries and answer cards. - Enables fact stitching across multiple sources. ## Executive Verdict **Key takeaway.** **Model** sees **96.9%** **probability**, 1.0 percentage point above the 96c **market** price, given Vermont's strong Democratic lean. ### Who Wins and Why | Outcome | Market | Model | Why | | --- | --- | --- | --- | | Republican party | 7.0% | 3.1% | The 2028 election is distant, and no specific non-Democratic candidates have yet been announced. | | Democratic party | 95.9% | 96.9% | Vermont consistently demonstrates a strong Democratic partisan lean, and the incumbent is a Democrat. | ## Model vs Market | Outcome | Market Probability | Octagon Model Probability | | --- | --- | --- | | Republican party | 7.0% | 3.1% | | Democratic party | 95.9% | 96.9% | - Expiration: November 7, 2029 ## Market Behavior & Price Dynamics Based on the provided chart data, the price for the Democratic candidate to win the 2028 Vermont Senate election has remained consistently high and stable. The price has moved within a narrow band, from a starting point of 90.9% to its current level of 95.9%. Given the minimal number of data points, the overall trend is best characterized as sideways, with no significant price spikes or drops to analyze. This lack of volatility corresponds directly with the provided context, which indicates a complete absence of any major news, candidate announcements, or other developments specifically related to this future U.S. Senate race. The market has experienced extremely low trading volume, with only 12 contracts traded in total. This thin liquidity suggests that very few traders are participating in the market at this early stage. The low volume indicates that the current price, while high, may not reflect a broad consensus and could be easily moved by a small number of new trades. The stability of the price is therefore more likely a reflection of a lack of new information or trading interest rather than a strong, tested conviction from a wide pool of participants. Due to the limited price history, it is not possible to identify any established support or resistance levels. However, the price has consistently held above 90%, indicating this is a key psychological threshold for the few active traders. Overall, the chart suggests a strong market sentiment favoring a Democratic victory in 2028, which is unsurprising given the state's political landscape. This sentiment appears to be a baseline assumption held by the market in the absence of any specific campaign news, rather than a reaction to any recent events. ## Contract Snapshot This market resolves to Yes if a Democratic party representative is sworn in as a Vermont Senator for the term beginning in 2029; otherwise, it resolves to No, as this is a mutually exclusive event verified by the United States Congress. The market opened on July 15, 2025, and will close early following the Senator's swearing-in or by November 7, 2029, with payouts projected 30 minutes after closing. ## Market Discussion The 2028 U.S. Senate election in Vermont is scheduled for November 7, 2028, to fill the Class 3 seat currently held by Democrat Peter Welch [[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_election_in_Vermont)[[^]](https://ballotpedia.org/United_States_Senate_elections,_2028)[[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_elections). As of May 2026, prediction markets had established markets for the race, specifically tracking whether a Democratic party representative will be sworn in for the term beginning in 2029 [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28). Vermont Republicans have identified the 2028 federal Senate race as a long-term strategic goal, with some party figures suggesting that building a foundation in the 2026 cycle is essential for future competitiveness [[^]](https://vermontdailychronicle.com/exclusive-roper-to-nominate-ingalls-for-vermont-gop-chair/comment-page-1/). ## Market Data | Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest | | --- | --- | --- | --- | --- | --- | | Democratic party | 90.9% | 95.9% | 95.9% | $1,704 | $1,511 | | Republican party | 2.1% | 6% | 7% | $4,670 | $2,581 | ## In the event of an open seat, who are the likely primary contenders for the Democratic and Republican nominations in Vermont for 2028? Incumbent Senator | Peter Welch (Democrat) [[^]](https://senatemajority.com/states/vermont/)[[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_elections) | Election Year | 2028 [[^]](https://senatemajority.com/states/vermont/) | Seat Status | Not currently an open seat [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28)[[^]](https://vtdigger.org/2021/11/16/who-will-take-leahys-place-in-the-senate-and-why-does-everyone-think-its-welch) | **The Vermont U.S** The Vermont U.S. Senate seat is not currently projected as open for 2028. Incumbent Democrat Peter Welch presently holds the U.S. Senate seat for Vermont, having been elected in 2022 [[^]](https://senatemajority.com/states/vermont/)[[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_elections). Despite the premise of an open seat for the 2028 election, there is no current indication that the seat will be vacant, nor is there an established list of potential primary contenders [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28)[[^]](https://vtdigger.org/2021/11/16/who-will-take-leahys-place-in-the-senate-and-why-does-everyone-think-its-welch). Past Democratic political figures in Vermont focused on other offices. For the Democratic nomination, notable figures in Vermont's political landscape have included Becca Balint, Molly Gray, and Kesha Ram Hinsdale [[^]](https://vtdigger.org/2021/11/16/who-will-take-leahys-place-in-the-senate-and-why-does-everyone-think-its-welch)[[^]](https://www.benningtonbanner.com/local-news/state-senator-kesha-ram-hinsdale-joins-race-for-congress/article_858638aa-7486-11ec-8bf5-c3dfb6e24dc3.html). However, these individuals have historically pursued other political offices rather than the U.S. Senate seat [[^]](https://vtdigger.org/2021/11/16/who-will-take-leahys-place-in-the-senate-and-why-does-everyone-think-its-welch). Information regarding Republican primary contenders is currently insufficient. There is not enough information available to identify likely primary contenders for the Republican nomination in Vermont for the 2028 election. ## How has Vermont's federal election data since 2012 demonstrated the state's partisan lean in presidential and Senate races? 2024 Presidential Vote (Democratic) | 63.8% [[^]](https://en.wikipedia.org/wiki/2020_United_States_presidential_election_in_Vermont) | 2020 Presidential Vote (Democratic) | 66.1% [[^]](https://en.wikipedia.org/wiki/United_States_presidential_elections_in_Vermont) | 2024 U.S. Senate Vote (Bernie Sanders) | 63.2% [[^]](https://en.wikipedia.org/wiki/2024_United_States_Senate_election_in_Vermont) | **Vermont consistently supports Democratic presidential candidates with significant margins** Vermont consistently supports Democratic presidential candidates with significant margins. Since 2012, the state has reliably voted for Democratic presidential nominees in federal elections. For example, the Democratic candidate secured **66.6%** of the vote in 2012 [[^]](https://ballotpedia.org/Presidential_voting_trends_in_Vermont), followed by **56.7%** in 2016 [[^]](https://www.270towin.com/states/vermont). This trend continued with **66.1%** in 2020 [[^]](https://en.wikipedia.org/wiki/United_States_presidential_elections_in_Vermont) and **63.8%** in 2024 [[^]](https://en.wikipedia.org/wiki/2020_United_States_presidential_election_in_Vermont), demonstrating a clear and persistent preference for Democratic presidential candidates. Senator Bernie Sanders's strong re-election margins underscore Vermont's federal lean. In U.S. Senate races, Vermont has consistently re-elected Bernie Sanders, an Independent who caucuses with the Democratic Party, by substantial margins. His victories include **71.1%** of the vote in 2012 [[^]](https://uselectionatlas.org/RESULTS/state.php?class=1&elect=0&f=0&fips=50&off=3&year=2012) and **63.2%** in 2024 [[^]](https://en.wikipedia.org/wiki/2024_United_States_Senate_election_in_Vermont). However, despite this strong alignment with federal Democratic politics, Vermont's state-level political landscape can present different outcomes, as evidenced by the 2024 state senate election where Republicans ended the Democratic-Progressive supermajority [[^]](https://en.wikipedia.org/wiki/2024_Vermont_Senate_election). ## How does Governor Phil Scott's statewide approval rating compare to the baseline performance of past Republican U.S. Senate candidates in Vermont? Gov. Scott Feb 2026 Approval | 74% (Morning Consult) [[^]](https://ballotpedia.org/United_States_Senate_election_in_Vermont,_2018) | Gov. Scott Apr 2025 Approval | 75% (Morning Consult) [[^]](https://electionarchive.vermont.gov/elections/view/82210/)[[^]](https://www.sevendaysvt.com/news/a-roundup-of-vermonts-2016-election-results-3812697/) | 2022 US Senate GOP Vote | 28.0% (Gerald Malloy) [[^]](https://en.wikipedia.org/wiki/2022_United_States_Senate_election_in_Vermont) | **Governor Phil Scott consistently maintains high statewide approval ratings, often exceeding 70%** Governor Phil Scott consistently maintains high statewide approval ratings, often exceeding **70%**. Recent polls indicate strong public support, with Morning Consult reporting his approval at **74%** in February 2026 [[^]](https://ballotpedia.org/United_States_Senate_election_in_Vermont,_2018). A University of New Hampshire Survey Center poll in October 2025 showed **61%** of Vermont residents approved of his job performance [[^]](https://en.wikipedia.org/wiki/2022_United_States_Senate_election_in_Vermont). Other data from Morning Consult further illustrates this trend, showing a **72%** approval rating in August 2025 [[^]](https://en.wikipedia.org/wiki/2016_United_States_Senate_election_in_Vermont) and a **75%** approval rating with a +58 net approval in April 2025 [[^]](https://electionarchive.vermont.gov/elections/view/82210/)[[^]](https://www.sevendaysvt.com/news/a-roundup-of-vermonts-2016-election-results-3812697/). Republican U.S. Senate candidates consistently receive significantly lower vote shares compared to Governor Scott's popularity. Historically, these candidates have struggled to gain traction, typically securing less than **35%** of the vote. For example, in the 2022 U.S. Senate election, Republican candidate Gerald Malloy garnered only **28.0%** of the vote [[^]](https://en.wikipedia.org/wiki/2022_United_States_Senate_election_in_Vermont). Similarly, Republican Lawrence Zupan received **27.47%** in 2018 [[^]](https://en.wikipedia.org/wiki/2018_United_States_Senate_election_in_Vermont), and Scott Milne secured **33.03%** in the 2016 U.S. Senate race [[^]](https://en.wikipedia.org/wiki/2016_United_States_Senate_election_in_Vermont). ## What are the key FEC reporting dates for the 2028 election cycle that will reveal initial fundraising data for potential candidates? Year-End Report Due | January 31, 2028 [[^]](https://www.fec.gov/help-candidates-and-committees/dates-and-deadlines/2026-reporting-dates/2026-quarterly-filers/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/) | Quarterly Report Due Dates | April 15, July 15, October 15 (of election year) [[^]](https://www.fec.gov/help-candidates-and-committees/dates-and-deadlines/2026-reporting-dates/2026-quarterly-filers/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/) | Pre-Election Report Filing | 12 days before election date [[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/pre-election-reports/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/) | **Key FEC reporting dates outline the 2028 election cycle's financial disclosures** Key FEC reporting dates outline the 2028 election cycle's financial disclosures. For the 2028 election cycle, these include the Year-End report for the 2027 nonelection year, which is due on January 31, 2028, covering activity through December 31, 2027. Federal candidate committees also must submit quarterly reports on April 15, July 15, and October 15 of the election year, which cover financial activity through the end of the previous quarter [[^]](https://www.fec.gov/help-candidates-and-committees/dates-and-deadlines/2026-reporting-dates/2026-quarterly-filers/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/). Early fundraising data emerges with candidates' first financial report. Initial fundraising data for potential 2028 candidates will be revealed in their first quarterly report submitted after they register their campaign committee. This report must encompass all financial activity, including any "testing the waters" expenditures, that occurred prior to the committee's official registration [[^]](https://www.fec.gov/help-candidates-and-committees/dates-and-deadlines/2026-reporting-dates/2026-quarterly-filers/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/). Pre-election reports provide crucial financial updates before elections. Beyond the standard quarterly filings, candidates participating in primary or general elections must file pre-election reports. These specific reports are due 12 days before the respective election date and cover financial activity through the 20th day preceding the election [[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/pre-election-reports/)[[^]](https://www.fec.gov/help-candidates-and-committees/filing-reports/quarterly-reports/). ## How do national Senate race forecasters like the Cook Political Report and Sabato's Crystal Ball rate the 2028 Vermont Senate contest? 2028 Vermont Senate Ratings | Not issued by national forecasters (as of May 15, 2026) [[^]](https://www.cookpolitical.com/analysis/senate/vermont-senate)[[^]](https://www.cookpolitical.com/ratings/senate-race-ratings)[[^]](https://www.cookpolitical.com/races)[[^]](https://www.cookpolitical.com/senate-charts)[[^]](https://www.cookpolitical.com/senate-maps) | Forecasters' Current Focus | 2026 midterm election cycle [[^]](https://www.cookpolitical.com/analysis/senate/vermont-senate)[[^]](https://www.cookpolitical.com/ratings/senate-race-ratings)[[^]](https://www.cookpolitical.com/races)[[^]](https://www.cookpolitical.com/senate-charts)[[^]](https://www.cookpolitical.com/senate-maps) | 2028 Vermont Senate Prediction Market | Exists on Kalshi [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28) | **National forecasters have not yet rated the 2028 Vermont Senate race** National forecasters have not yet rated the 2028 Vermont Senate race. As of May 15, 2026, prominent national Senate race forecasters, including the Cook Political Report and Sabato's Crystal Ball, have not released any ratings or analyses for the 2028 Vermont Senate contest. Their current focus remains on the upcoming 2026 midterm election cycle [[^]](https://www.cookpolitical.com/analysis/senate/vermont-senate)[[^]](https://www.cookpolitical.com/ratings/senate-race-ratings)[[^]](https://www.cookpolitical.com/races)[[^]](https://www.cookpolitical.com/senate-charts)[[^]](https://www.cookpolitical.com/senate-maps). A prediction **market** provides an early look at the 2028 Vermont Senate contest. Despite the absence of ratings from established political forecasters, a prediction **market** is available on Kalshi regarding the potential winner of the 2028 Vermont Senate race. This **market**'s resolution is based on whether a Democratic party representative is sworn in as a Senator for Vermont for the term commencing in 2029 [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28). ## What Could Change the Odds **The primary catalyst for potential shifts in market probability is the next U.S.** Senate election in Vermont, which is scheduled for November 7, 2028 [[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_election_in_Vermont)[[^]](https://senatemajority.com/states/vermont/)[[^]](https://ballotpedia.org/United_States_Senate_elections,_2028). This election will be for the seat currently held by Senator Peter Welch (D) [[^]](https://en.wikipedia.org/wiki/2028_United_States_Senate_election_in_Vermont)[[^]](https://senatemajority.com/states/vermont/). **Prediction markets, such as Kalshi, have established markets for the 2028 Vermont U.S.** Senate election [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28). These markets will resolve based on whether a Democratic party representative is sworn in for the term beginning in 2029 [[^]](https://kalshi.com/markets/senatevt/senate-vt/senatevt-28). Recent news regarding Vermont Senate elections has referred to the Vermont State Senate, rather than the U.S. Senate, with candidates announcing runs for districts like Chittenden and Windsor [[^]](https://vermontdailychronicle.com/south-burlington-pediatrician-elizabeth-hunt-announces-senate-candidacy/)[[^]](https://mountaintimes.info/2026/04/29/brickner-for-windsor-district-senate/). ## Key Dates & Catalysts - **Expiration:** November 07, 2029 - **Closes:** November 07, 2029 ## Decision-Flipping Events - The primary catalyst for potential shifts in **market** **probability** is the next U.S. - Senate election in Vermont, which is scheduled for November 7, 2028 [^] [^] [^] . - This election will be for the seat currently held by Senator Peter Welch (D) [^] [^] . - Prediction markets, such as Kalshi, have established markets for the 2028 Vermont U.S. ## Related Research Reports - [Which party will win the U.S. House?](/markets/elections/us-elections/which-party-will-win-the-u-s-house/) - [EU loses a member before 2030?](/markets/elections/international/eu-loses-a-member-before-2030/) - [Arizona Governor winner?](/markets/elections/us-elections/arizona-governor-winner/) - [California Governor winner? (Party)](/markets/elections/us-elections/california-governor-winner-party/) ## Historical Resolutions No historical resolution data available for this series. ## Disclaimer This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice. Prediction markets involve risk of loss. Past performance does not guarantee future results. We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete. ### Data Sources & Model Transparency **Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data. **Freshness:** Analysis is generated periodically and may not reflect the latest developments. 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