Elections Intelligence

Montana U.S. Senate

OPEN SEATLikely R

Steve Daines (R) has held this seat since 2015 and is not running. Before that: John E. Walsh (D).

Kurt Alme Open-seat nominee
1.2¢REPUBLICAN 93.2¢6.7¢
Candidate market · checked 2:09 PM ETView on Kalshi ↗
Seth Bodnar Open-seat nomineeIndependent

FTP Race Signal

FTP Race SignalA composite of market, polling and money. The prediction-market price anchors it; a polling average moves it: the last 30 days, or the three most recent pollsters when fewer polled. Polls paid for by a candidate, party or allied group move 2 points toward the other side and count half. When the three most recent independent pollsters each have the race within three points, it is a Toss-up unless the market is already decisive. Fundraising counts only at a five-to-one gap. Past results are context, not inputs. A rating changes only when the evidence clears the line.

The market has run well past this seat's history: a 10-point Republican hold in 2020, priced at 93.2¢ today.

Likely R
Safe DLikely DLean DToss-upLean RLikely RSafe R
Prior result · Lean RR+10.02 in 2020. Polling · Likely RAlme +15.4 (average of 3 pollsters Alme +15.4, Sep 24). Market · Likely RR 93.2¢: traders' price for a Republican hold.

Market and polls both favor Alme.

Polling moved 3 points toward Bodnar over 30 days. As of October 12.

Market

BandPRICEToss-up50¢ to 65¢Lean65¢ to 82¢Likely82¢ to 95¢Safe95¢ and above
R 93.2¢
Alme93.2¢Bodnar6.7¢Bankhead1.2¢

Kalshi market · checked 2:09 PM ET

View market on Kalshi ↗

Polling

BandPOINTSToss-up0 to 5Lean5 to 10Likely10 to 20Safe20 and above
Alme +15.4
American Pulse ↗ C- Sep 19 to 24 · n=604 LV Alme +19 Independent
Quantus ↗ B- Sep 14 to 15 · n=625 LV Alme +19.2 Independent
Rutgers University ↗ Aug 27 to Sep 7 · n=845 LV Alme +8 Independent

Average of the latest poll from each of the 3 most recent pollsters; fewer than three polled in the last 30 days.

Earlier polls · 6
Peak Insights ↗ Aug 23 to 25 · n=600 LV Alme +22 Alme sponsor Alme +22 · Alme sponsor · counts as Alme +20 at half weight
Hart Research ↗ A- Aug 1 to 4 · n=800 LV EVEN Independent
GQR ↗ A Jul 23 to 26 · n=500 LV Bodnar +6 D-leaning firm
Tavern Research ↗ Jul 17 to 20 · n=517 LV Alme +5 Independent
The Bullfinch Group ↗ C- Jul 13 to 16 · n=546 LV Alme +12 Independent
Hart Research ↗ A- Jun 18 to 24 · n=800 LV Alme +2 Independent

Prior result

BandPOINTSToss-up0 to 5Lean5 to 12Likely12 to 25Safe25 and above
R+10.0

Steve Daines (R)

55.0% to 45.0% · 2020 general election

def. Steve Bullock (D). Margin verified against retrieved official results.

Fundraising

BandRATIO TO 1Parity1 to 5Lean5 and above
1.6 to 1

Raised 2025 to 2026 · thru Jun 30

Kurt Alme$1.98M ↗$1.45M cash
Seth Bodnar$3.24M ↗$977.8K cash

Total receipts in the 2025 to 2026 two-year cycle, through June 30, 2026; Bodnar leads 1.6 to 1, short of the 5 to 1 at which fundraising takes a place on the spectrum.

The general election is on November 3, which is 22 days away.