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The Megadonors Funding The 2026 Midterms

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Billions of dollars have been raised for this year’s midterms elections, with a significant portion coming from big name tech billionaires in the cryptocurrency, artificial intelligence and online gambling sectors. Megadonors' contributions are overwhelmingly behind Republicans in the 2026 midterm election, with 14 of the 20 largest donor groups exclusively or nearly exclusively backing GOP candidates or outside groups. CNBC’s Luke Fountain reports.

Chapters:

00:00 - 00:56 Introduction

00:57 - 03:37 Chapter 1 - Republican-aligned donors

03:38 - 05:07 Chapter 2 - Democrat-aligned donors

Reporter: Luke Fountain

Produced and Edited by: Romy Tarantino

Animation: Jason Reginato, Emily Park

Additional Camera: Macklin Fishman, Andrew Evers

Supervising Producer: Shawn Baldwin

Additional Footage: Getty Images

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The Megadonors Funding The 2026 Midterms

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