NM-03 House 2026

The chance this seat goes Republican in November, across every listed contract, as a 0–100 chance the Republican wins.

LiveHeld by Democrats · projected hold·$219 traded / 24h·10 contracts·5 exchanges·Margin rank 168 of 435
SEAT PMI · 0–100 · CHANCE REPUBLICANS WIN
4.6Safe D · ▲ 2.2 14d
DEMOCRATEVENREPUBLICAN
Republicans win
4.6
enters as 4.6
Democrats win
95.4
enters as 100 − 95.4 = 4.6

Both legs are aggregated. The Democratic leg is converted as 100 − p, so this seat reads on the same scale as every other.

Control of the House

Does NM-03 decide the House?

No. It is rated Safe D, outside the 37 contested seats.
Democrats already have 225 seats rated safe or likely, 7 past the 218 majority; Republicans have 173 rated safe or likely, 45 short of 218.
Full House picture
Contracts behind this reading · 6 of 10

Sorted by weight

Will Republican win the House race for NM-03? - Martin Zamora5.0Kalshi ↗ · Republican leg · enters as 5.0weight 59.2%Will the Republican Party win the NM-03 House seat?3.5Polymarket ↗ · Republican leg · enters as 3.5weight 40.8%New Mexico-03 House Winner - Martin Zamora7.0Gemini ↗ · Republican leg · enters as 7.0weight 0.0%New Mexico-03 House Winner - Teresa Leger Fernandez97.0Gemini ↗ · Democratic leg · enters as 3.0weight 0.0%NM-03 General Election — Martin Zamora10.0IBKR ↗ · Republican leg · enters as 10.0weight 0.0%NM-03 General Election — Teresa Leger Fernandez91.0IBKR ↗ · Democratic leg · enters as 9.0weight 0.0%
Show all 10 contracts
Weights are 24h liquidity share · reconciled reading 4.6 · rows open on the exchange
Other New Mexico races this cycle

Also on the ballot