**Democratic gains in the November 3, 2026 midterms, securing control of both the House and Senate starting in January 2027, have driven the rise in trader consensus around a third impeachment.** With Democrats holding a House majority, they gain agenda control, subpoena authority, and the ability to advance articles of impeachment by simple majority vote—removing the procedural barriers that led to the tabling of earlier resolutions, such as those introduced by Rep. Al Green in 2026 over immigration enforcement and alleged executive overreach. Republican figures including Sen. Ted Cruz and Rep. Steve Scalise have publicly anticipated sustained Democratic investigations, subpoenas targeting administration actions, family business dealings, and cabinet officials, potentially beginning early in the new Congress. Democratic leaders have kept options open while prioritizing oversight, and advocacy efforts are pressing for immediate proceedings. These dynamics, combined with roughly two years remaining in the term before January 2029, underpin the current implied probability.