Jeff Clements

In 2026, the money in politics will be flowing. This year’s midterms are expected to set a new advertising record — an estimated $11 billion. How much of that money will come from foreign sources? Unfortunately, we don’t know the answer, but “dark money” is sure to have an outsized impact. According to recent estimates, the major political nonprofit groups tied to the 2024 presidential candidates raised almost $900 million from donors whose identities remained entirely secret.