The Prediction Markets

California Governor Election Margin of Victory

Closes
Nov 3, 2026, in 11 days
Traded
$31K
Venues
Polymarket, Kalshi
Prices updated
just now
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What the markets expect

Democrats, 12+ pts 92.9%

Next is Democrats, 9+ pts at 91.1%. The venues list this event, but none of their outcomes are matched yet, so prices are shown separately.

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 1 min ago. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
Democrats, 12+ pts
92.9%
Kalshi 92.9%polled, just nowBest Yes 92.9¢ on Kalshi, $100 pays $108 (1.08x)
Kalshi
Contract
Democrats, 12+ pts
Last price
92.9%
As of
Polled just now
Buy Yes
92.9¢
Sell Yes
90.1¢
$100 on Yes pays
$108 (1.08x)
Volume
$2K
Trade this on Kalshi
Democrats, 9+ pts
91.1%
Kalshi 91.1%polled, just nowBest Yes 95.9¢ on Kalshi, $100 pays $104 (1.04x)
Kalshi
Contract
Democrats, 9+ pts
Last price
91.1%
As of
Polled just now
Buy Yes
95.9¢
Sell Yes
91¢
$100 on Yes pays
$104 (1.04x)
Volume
$3K
Trade this on Kalshi
Democrats, 15+ pts
87%
Kalshi 87%polled, just nowBest Yes 88¢ on Kalshi, $100 pays $114 (1.14x)
Kalshi
Contract
Democrats, 15+ pts
Last price
87%
As of
Polled just now
Buy Yes
88¢
Sell Yes
87¢
$100 on Yes pays
$114 (1.14x)
Volume
$4K
Trade this on Kalshi
Democrats, 18+ pts
73%
Kalshi 73%polled, just nowBest Yes 75¢ on Kalshi, $100 pays $133 (1.33x)
Kalshi
Contract
Democrats, 18+ pts
Last price
73%
As of
Polled just now
Buy Yes
75¢
Sell Yes
71¢
$100 on Yes pays
$133 (1.33x)
Volume
$1K
Trade this on Kalshi
Democrats, 21+ pts
63%
Kalshi 63%polled, just nowBest Yes 63¢ on Kalshi, $100 pays $159 (1.59x)
Kalshi
Contract
Democrats, 21+ pts
Last price
63%
As of
Polled just now
Buy Yes
63¢
Sell Yes
52¢
$100 on Yes pays
$159 (1.59x)
Volume
$2K
Trade this on Kalshi
Democrats, 24+ pts
46%
Kalshi 46%polled, just nowBest Yes 47¢ on Kalshi, $100 pays $213 (2.13x)
Kalshi
Contract
Democrats, 24+ pts
Last price
46%
As of
Polled just now
Buy Yes
47¢
Sell Yes
42¢
$100 on Yes pays
$213 (2.13x)
Volume
$1K
Trade this on Kalshi
Becerra 25-30%
34.8%
Polymarket 34.8%polled, 1 min agoBest Yes 38.1¢ on Polymarket, $100 pays $262 (2.62x)
Polymarket
Contract
Becerra 25-30%
Last price
34.8%
As of
Polled 1 min ago
Buy Yes
38.1¢
Sell Yes
31.4¢
$100 on Yes pays
$262 (2.62x)
Volume
$3K
Trade this on Polymarket
Becerra 20-25%
33.5%
Polymarket 33.5%polled, 1 min agoBest Yes 35¢ on Polymarket, $100 pays $286 (2.86x)
Polymarket
Contract
Becerra 20-25%
Last price
33.5%
As of
Polled 1 min ago
Buy Yes
35¢
Sell Yes
32¢
$100 on Yes pays
$286 (2.86x)
Volume
$3K
Trade this on Polymarket
Democrats, 27+ pts
23%
Kalshi 23%polled, just nowBest Yes 33¢ on Kalshi, $100 pays $303 (3.03x)
Kalshi
Contract
Democrats, 27+ pts
Last price
23%
As of
Polled just now
Buy Yes
33¢
Sell Yes
23¢
$100 on Yes pays
$303 (3.03x)
Volume
$489
Trade this on Kalshi
Becerra 15-20%
21.5%
Polymarket 21.5%polled, 1 min agoBest Yes 23¢ on Polymarket, $100 pays $435 (4.35x)
Polymarket
Contract
Becerra 15-20%
Last price
21.5%
As of
Polled 1 min ago
Buy Yes
23¢
Sell Yes
20¢
$100 on Yes pays
$435 (4.35x)
Volume
$3K
Trade this on Polymarket
Show 9 more outcomes
Democrats, 30+ pts
11%
Kalshi 11%polled, just nowBest Yes 21¢ on Kalshi, $100 pays $476 (4.76x)
Kalshi
Contract
Democrats, 30+ pts
Last price
11%
As of
Polled just now
Buy Yes
21¢
Sell Yes
11¢
$100 on Yes pays
$476 (4.76x)
Volume
$493
Trade this on Kalshi
Democrats, 36+ pts
9.7%
Kalshi 9.7%polled, just nowBest Yes 9.8¢ on Kalshi, $100 pays $1,020 (10.2x)
Kalshi
Contract
Democrats, 36+ pts
Last price
9.7%
As of
Polled just now
Buy Yes
9.8¢
Sell Yes
1.1¢
$100 on Yes pays
$1,020 (10.2x)
Volume
$172
Trade this on Kalshi
Democrats, 33+ pts
7.1%
Kalshi 7.1%polled, just nowBest Yes 14¢ on Kalshi, $100 pays $714 (7.14x)
Kalshi
Contract
Democrats, 33+ pts
Last price
7.1%
As of
Polled just now
Buy Yes
14¢
Sell Yes
3.1¢
$100 on Yes pays
$714 (7.14x)
Volume
$88
Trade this on Kalshi
Becerra 0-10%
6.5%
Polymarket 6.5%polled, 1 min agoBest Yes 9.6¢ on Polymarket, $100 pays $1,042 (10.4x)
Polymarket
Contract
Becerra 0-10%
Last price
6.5%
As of
Polled 1 min ago
Buy Yes
9.6¢
Sell Yes
3.3¢
$100 on Yes pays
$1,042 (10.4x)
Volume
$1K
Trade this on Polymarket
Becerra 35-40%
5.5%
Polymarket 5.5%polled, 1 min agoBest Yes 10¢ on Polymarket, $100 pays $1,000 (10.0x)
Polymarket
Contract
Becerra 35-40%
Last price
5.5%
As of
Polled 1 min ago
Buy Yes
10¢
Sell Yes
0.9¢
$100 on Yes pays
$1,000 (10.0x)
Volume
$1K
Trade this on Polymarket
Becerra 30-35%
5%
Polymarket 5%polled, 1 min agoBest Yes 8.8¢ on Polymarket, $100 pays $1,136 (11.4x)
Polymarket
Contract
Becerra 30-35%
Last price
5%
As of
Polled 1 min ago
Buy Yes
8.8¢
Sell Yes
1.1¢
$100 on Yes pays
$1,136 (11.4x)
Volume
$1K
Trade this on Polymarket
Becerra 10-15%
4.9%
Polymarket 4.9%polled, 1 min agoBest Yes 8.9¢ on Polymarket, $100 pays $1,124 (11.2x)
Polymarket
Contract
Becerra 10-15%
Last price
4.9%
As of
Polled 1 min ago
Buy Yes
8.9¢
Sell Yes
0.9¢
$100 on Yes pays
$1,124 (11.2x)
Volume
$1K
Trade this on Polymarket
Hilton Wins
3.1%
Polymarket 3.1%polled, 1 min agoBest Yes 4.2¢ on Polymarket, $100 pays $2,381 (23.8x)
Polymarket
Contract
Hilton Wins
Last price
3.1%
As of
Polled 1 min ago
Buy Yes
4.2¢
Sell Yes
1.9¢
$100 on Yes pays
$2,381 (23.8x)
Volume
$1K
Trade this on Polymarket
Becerra 40%+
0.2%
Polymarket 0.2%polled, 1 min agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Becerra 40%+
Last price
0.2%
As of
Polled 1 min ago
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle
Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: California Secretary of State

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • Democrats, 12+ pts
  • Democrats, 9+ pts
  • Democrats, 15+ pts

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Polymarket

Polymarket doesn’t list Democrats, 12+ pts for this event.

Top of book

Connecting
Best bid
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Spread
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Best ask
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Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

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Buy

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.04 × price × (1 − price) per share (politics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "California Governor Election Margin of Victory". Democrats, 12+ pts leads at 92.9%. Next is Democrats, 9+ pts at 91.1%. $31K has traded across 19 outcomes on Polymarket and Kalshi. The market is expected to resolve by Nov 3, 2026.

The 2026 California gubernatorial election is currently expected to be held on November 3, 2026. This market will resolve according to the margin of victory between the top two candidates in the specified election. The "margin of victory" is defined as the absolute difference between the percentages of valid votes received by the first-place and second-place candidates. Percentages of the valid votes received by each candidate will be determined by dividing the total number of valid votes each of the top two candidates receives by the sum of all valid votes cast in the election. The candidates named in this market are individual candidates appearing on the general election ballot. They do not represent party options, and this market will not resolve based on the party affiliation of any candidate. If the reported value falls exactly between two brackets, then this market will resolve to the higher margin bracket. If two or more candidates tie for the most valid votes in this election, and the tie is between two candidates listed, this market will resolve to the lowest margin bracket for the candidate whose ballot-listed last name comes first in alphabetical order. If the tie is between a listed candidate and an unlisted candidate, this market will resolve to the lowest margin bracket for the listed candidate. If the tie is between two or more unlisted candidates, this market will resolve to "Other." This market will resolve based on the official vote count once the count has been made official. If the election results are not known definitively by June 30, 2027, 11:59 PM ET, this market will resolve to "Other". If a recount is initiated before the vote total has been made official, the market will remain open until the recount is completed and the vote is made official. The primary resolution source for this market will be the official results of the 2026 California gubernatorial election as published by the state electoral authority responsible for certifying the results of the election; however, an overwhelming consensus of credible reporting may also be used.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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