Democratic Party traders hold a 65% implied probability of winning House control in 2028, compared with 33% for Republicans, reflecting broad expectations that Democrats will gain the majority in the 2026 midterms. Multiple forecasts project Democratic net gains of 15–25 seats, driven by favorable generic ballot trends, stronger fundraising, and vulnerabilities in Republican-held competitive districts. A Democratic majority after November 2026 would confer incumbency advantages heading into the 2028 cycle, when all 435 seats are again contested. Republican prospects hinge on retaining or quickly recapturing ground amid midterm headwinds typically faced by the president's party. The 2026 results will serve as the primary near-term catalyst shaping longer-term positioning for both parties.