The Prediction Markets

Who will win the 2026 Toronto mayoral election?

Starts in 3 daysKickoff
Traded
$687K
Venues
Polymarket, Kalshi
Prices updated
just now
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What the markets expect

Olivia Chow 51.6%

Next is Brad Bradford at 47.1%. The venues differ most on Brad Bradford (Polymarket 47.5%, Kalshi 49%), a 1.5-point gap.

Olivia Chow 51.6%Brad Bradford 47.1%Chris Alexander 1%Anthony Furey 0.1%John Tory 0.1%Ana Bailão 0.1%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. 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. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
Olivia Chow
51.6%
Polymarket 52.5%(51.8% fair)polled, 21s agoKalshi 52%(50.8% fair)polled, 21s agoBest Yes 53¢ on Polymarket, $100 pays $189 (1.89x)
Polymarket
Contract
Olivia Chow
Last price
52.5%
Fair, margin removed
51.8%
As of
Polled just now
Buy Yes
53¢
Sell Yes
52¢
$100 on Yes pays
$189 (1.89x)
Volume
$293K
Trade this on Polymarket
Kalshi
Contract
Olivia Chow
Last price
52%
Fair, margin removed
50.8%
As of
Polled just now
Buy Yes
53¢
Sell Yes
52¢
$100 on Yes pays
$189 (1.89x)
Volume
$40K
Trade this on Kalshi
Identity matched

The outcome identity is linked, but settlement parity is not verified.

No arbitrage: the best bid elsewhere is 52¢, at or below the cheapest ask of 53¢.

Brad BradfordArb
47.1%
Polymarket 47.5%(46.9% fair)polled, 21s agoKalshi 49%(47.9% fair)polled, 21s agoBest Yes 48¢ on Polymarket, $100 pays $208 (2.08x)
Polymarket
Contract
Brad Bradford
Last price
47.5%
Fair, margin removed
46.9%
As of
Polled just now
Buy Yes
48¢
Sell Yes
47¢
$100 on Yes pays
$208 (2.08x)
Volume
$219K
Trade this on Polymarket
Kalshi
Contract
Brad Bradford
Last price
49%
Fair, margin removed
47.9%
As of
Polled just now
Buy Yes
50¢
Sell Yes
49¢
$100 on Yes pays
$200 (2.00x)
Volume
$38K
Trade this on Kalshi
Identity matched

The outcome identity is linked, but settlement parity is not verified.

Buying on Polymarket at 48¢ and selling on Kalshi at 49¢ nets 100 bps before fees.

Chris Alexander
1%
Kalshi 1%polled, 21s agoBest Yes 2¢ on Kalshi, $100 pays $5,000 (50.0x)
Kalshi
Contract
Chris Alexander
Last price
1%
As of
Polled just now
Buy Yes
2¢
Sell Yes
—
$100 on Yes pays
$5,000 (50.0x)
Volume
$51
Trade this on Kalshi
Anthony Furey
0.1%
Polymarket 0.1%polled, 21s agoKalshi 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Anthony Furey
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$13K
Trade this on Polymarket
Kalshi
Contract
Anthony Furey
Last price
0.1%
As of
Polled just now
Buy Yes
0.8¢
Sell Yes
—
$100 on Yes pays
$12,500 (125x)
Volume
$1K
Trade this on Kalshi
Identity matched

The outcome identity is linked, but settlement parity is not verified.

John Tory
0.1%
Polymarket 0.1%polled, 21s agoKalshi 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
John Tory
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$17K
Trade this on Polymarket
Kalshi
Contract
John Tory
Last price
0.1%
As of
Polled just now
Buy Yes
0.8¢
Sell Yes
—
$100 on Yes pays
$12,500 (125x)
Volume
$4K
Trade this on Kalshi
Identity matched

The outcome identity is linked, but settlement parity is not verified.

Ana Bailão
0.1%
Polymarket 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Ana Bailão
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$13K
Trade this on Polymarket
Kevin Clarke
0%
Polymarket 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Kevin Clarke
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$13K
Trade this on Polymarket
Marco Mendicino
0%
Polymarket 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Marco Mendicino
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$19K
Trade this on Polymarket
Michael Ford
0%
Polymarket 0.1%polled, 21s agoBest Yes 0.1¢ on Polymarket, $100 pays $100,000 (1000x)
Polymarket
Contract
Michael Ford
Last price
0.1%
As of
Polled just now
Buy Yes
0.1¢
Sell Yes
—
$100 on Yes pays
$100,000 (1000x)
Volume
$16K
Trade this on Polymarket

Possible arbitrage before fees: buy Brad Bradford on Polymarket at 48¢, sell on Kalshi at 49¢ (100 bps). Check the rules below before trading. See all live spreads

Mostly the same bet: two differences

Where they differ

  • Generic non-US election template: rules are not uniform across events and need a per-event rules comparison before parity can be claimed.
  • Trading closes at different times: Oct 27, 2026, 3:59 AM UTC on Polymarket and Oct 26, 2027, 2:00 PM UTC on Kalshi.
Polymarket
Polymarket resolves via:
UMA optimistic oracle
Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: Toronto City Clerk
Show full rule comparison
  • Generic non-US election template: rules are not uniform across events and need a per-event rules comparison before parity can be claimed.
  • Trading closes Oct 27, 2026, 3:59 AM UTC on Polymarket and Oct 26, 2027, 2:00 PM UTC on Kalshi.

Summarized from each venue’s published rules; the venue’s own rules page is the final word.

How the odds have moved

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

  • Olivia Chow
  • Brad Bradford
  • Chris Alexander

Live prices for Olivia Chow

What it costs to buy Yes, what you would get selling it, and the last trade on each exchange, updating as orders change. Hover a status for timing details.

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.

Combined depth · both venues

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Polymarket

Open on Polymarket ↗

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

Depth · top 8 levels

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Recent trades

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Kalshi

Open on Kalshi ↗

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

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.

$
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 "Who will win the 2026 Toronto mayoral election?". Olivia Chow leads at 51.6%. Next is Brad Bradford at 47.1%. $687K has traded across 9 outcomes on Polymarket and Kalshi. The market is expected to resolve by Oct 26, 2027.

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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