2022 Midterms: A Glimmer of Hope for Pollsters?
The 2022 midterm elections offered some hope for polling accuracy. These polls were the most accurate since 1998, showing no significant bias toward either party. Still, midterms are different from presidential elections, and the dynamics of 2024 may prove more unpredictable.
That said, many polling firms have adapted their methods since 2016. By 2022, 61% of polling companies had adjusted their sampling techniques, while more than a third made changes after the 2020 election.
What’s the Point of Polls?
Despite the challenges, polls remain useful for gauging general trends and public opinion on key issues. However, they’re far from perfect. Polling methods vary across firms, introducing biases that can make comparisons difficult.
Polling aggregators, like FiveThirtyEight, offer averages that may be more reliable than individual polls. But even aggregators have their uncertainties. After ABC acquired FiveThirtyEight in 2023, its founder, Nate Silver, left to start a new platform, Silver Bulletin, which continues to attract media attention for its forecasts.
With the unpredictability of polls, political betting markets have emerged as an alternative. Platforms like Polymarket have surged in popularity, with some, like Elon Musk, claiming markets provide better forecasts than polls. However, this claim is yet to be proven, and there are concerns about potential market manipulation to sway public opinion.