Elections Intelligence

Oregon U.S. Senate

DEFENDED SEATSafe D

Jeff Merkley (D) has held this seat since 2009 and is running for re-election. Before that: Gordon Smith (R).

Jeff Merkley Incumbent
98¢
Party market · checked 2:09 PM ETView on Kalshi ↗
2.3¢
David Brock Smith Challenger

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: an 18-point Democratic hold in 2020, priced at 98¢ today.

Safe D
Safe DLikely DLean DToss-upLean RLikely RSafe R
Market · Safe DD 98¢: traders' price for a Democratic hold. Prior result · Likely DD+17.59 in 2020. Fundraising · Lean DD 37.6-to-1 in receipts.

No public polls. The market favors Merkley.

The market moved 2¢ toward the Republican in the last 7 days. As of October 12.

Market

BandPRICEToss-up50¢ to 65¢Lean65¢ to 82¢Likely82¢ to 95¢Safe95¢ and above
D 98¢

Kalshi party market · checked 2:09 PM ET

View market on Kalshi ↗

Polling

BandPOINTSToss-up0 to 5Lean5 to 10Likely10 to 20Safe20 and above
—

Prior result

BandPOINTSToss-up0 to 5Lean5 to 12Likely12 to 25Safe25 and above
D+17.6

Jeff Merkley (D)

56.9% to 39.3% · 2020 general election

def. Joe Rae Perkins (R). Margin verified against retrieved official results.

Fundraising

BandRATIO TO 1Parity1 to 5Lean5 and above
D 37.6 to 1

Raised 2025 to 2026 · thru Jun 30

Jeff Merkley$4.54M ↗$6.83M cash
David Brock Smith$120.8K ↗$29.0K cash

Total receipts in the 2025 to 2026 two-year cycle, through June 30, 2026.

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