President Trump has reason to be nervous about elections for Congress this November. He told House Republicans in January: “If we don’t win the midterms, I’ll get impeached.”
https://www.thetimes.com/us/news-today/ ... -c8d9qnbk5
川总被弹劾的可能性到底大不大？答案没人知道，但有人以此下注赌博。
要点：
当前公开预测市场认为：特朗普在 2026 年中期选举之后被众议院弹劾的可能性存在但并非确定，大致概率在 40–70% 之间，取决于市场与时间范围。核心变量是 2026 年中期选举后众议院的控制权 - 弹劾只需要众议院简单多数。
市场实际定价的内容
市场实际定价的内容众议院弹劾（不含参议院定罪）：
- Kalshi： 在 2029 年 1 月前被弹劾的概率约 62%。市场认为 在 2027 年 1 月前被弹劾的概率仅约 4%，意味着 中期选举是关键节点。
- Polymarket： 在 2029 年 1 月前被弹劾的概率约 59.5%，同样主要取决于民主党是否可能在 2026 年夺回众议院。
- Lines.com 综合： 在任期结束前被弹劾的隐含概率约 67–68%，明确指出这实际上是在押注 民主党能否在 2026 年赢得众议院多数。
弹劾并定罪（众议院通过 + 参议院 2/3 定罪）：
- Kalshi： 概率约 15%。定罪需要 20 多名共和党参议员 投票支持 - 历史上从未发生过。
为什么中期选举如此关键
为什么中期选举如此关键弹劾只需要 众议院简单多数。
目前共和党以 218–214 的微弱优势控制众议院，使得近期弹劾几乎不可能。市场因此将几乎全部弹劾概率押在 中期选举之后民主党可能翻盘的情境。
如果民主党赢得众议院：
- 弹劾在结构上变得 可行。
- 特朗普本人也曾表示：“如果共和党输掉中期选举，我会被弹劾。”市场对这一警告的定价大约是 2:1 的概率。
如果共和党保持众议院多数：
- 弹劾概率在剩余任期内几乎降至零。
总结表
总结表| 情境 | 市场隐含概率 | 关键驱动因素 |
|---|---|---|
| 中期选举后（2026–2029）被众议院弹劾 | 约 60–70% | 民主党是否翻盘众议院；历史弹劾先例；政治波动性 |
| 中期选举前（2027 年 1 月前）被弹劾 | 约 4% | 共和党众议院多数阻止行动 |
| 弹劾 + 参议院定罪 | 约 15% | 需要 67 票；历史上从未发生 |
一个不那么显而易见的洞见
一个不那么显而易见的洞见市场并不是在预测即将发生的弹劾，而是在定价 结构性风险 - 即众议院控制权的变化。弹劾概率本质上是 2026 年众议院选举结果的衍生指标，而不是对具体政治行为的直接预测。
提醒
提醒政治形势可能变化莫测，请务必参考 可信、最新的来源 进行确认。
Takeaway:
Public prediction markets currently price a Trump impeachment after the 2026 midterms as plausible but not guaranteed, with odds ranging roughly 40–70% depending on the market and timeframe. The key driver is who controls the House after November 2026 — impeachment requires only a simple House majority. OddsShopper Lines.com
What the markets are actually pricing
House impeachment (no Senate conviction required):
- Kalshi: 62% chance Trump is impeached before January 2029. The market assigns almost no chance (4%) of impeachment before January 2027, meaning the midterms are the hinge point. OddsShopper
- Polymarket: 59.5% for impeachment before January 2029. Again, driven by expectations of a possible Democratic House after 2026. laikalabs.ai
- Lines.com synthesis: 67–68% implied probability of impeachment before term end, explicitly stating this is a bet on Democrats winning the House in 2026. Lines.com
Impeachment and removal (House + 2/3 Senate conviction):
- Kalshi: 15% chance. Removal requires 20+ Republican senators to vote to convict — historically unprecedented. OddsShopper
Why the midterms matter
Impeachment requires only a simple majority in the House.
Republicans currently hold a narrow majority (218–214), making near‑term impeachment extremely unlikely. Markets therefore price almost all impeachment probability into post‑midterm scenarios where Democrats could flip the House. laikalabs.ai
If Democrats win the House:
- Impeachment becomes structurally possible.
- Trump himself has said: “I’ll get impeached if Republicans lose the midterms.” Markets price that warning at roughly 2:1 odds. Lines.com
If Republicans keep the House:
- Impeachment odds drop close to zero for the remainder of the term.
Summary Table
| Scenario | Market-Implied Odds | Key Drivers |
|---|---|---|
| House impeachment after midterms (2026–2029) | 60–70% | Probability Democrats flip the House; past impeachment attempts; political volatility |
| House impeachment before midterms (before Jan 2027) | 4% | GOP House majority blocks action |
| Impeachment + Senate removal | 15% | Requires 67 Senate votes; historically unprecedented |
Non-obvious insight
Markets are not predicting imminent impeachment — they are pricing structural risk tied to House control. The odds are essentially a proxy for the expected 2026 House outcome, not a forecast of specific impeachment behavior.
Reminder
Political conditions can shift quickly. Please confirm with trusted, up-to-date sources.
