Street bets on the Democrats

Sounds like Wall Street thinks the Democrats will win big this election cycle.

"The idea of gridlock is not a problem for the market, because it means nothing of real import disturbs the business environment," says Tobias Levkovich, chief U.S. equity strategist at Citigroup. "Businesses can adjust to minor disturbances."

At present, a Democratic win in the House of Representatives is largely priced into the stock market, which has rallied to new highs through the campaign process thus far. Futures markets put the likelihood of a Democratic takeover, or at least 15 net wins in the House, at 63.1%, according to InTrade.

Odds of a Democratic takeover in the Senate have been increasing of late, but remain at 32.6%, according to InTrade. In the Senate, the Democrats must win a net six seats to gain control.