Will Tom Steyer win the 2026 California Governor Primary Election by less than 5%?

• 01
  Price move

  Down 5pp over 24h

  Now 9¢; flat in the last hour.

• 02
  Active signal

  Resolution-risk observation firing

  Expires in 10h.

• 03
  Liquidity

  Thin liquidity

  Only $2.4k of visible book — small orders can move the line. Treat the probability as a soft estimate.

Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.

The non-partisan primary election for Governor of California is scheduled to take place on June 2, 2026. The top two candidates in this election by number of votes won will advance to the general election for Governor of California. This market will resolve according to the margin of victory between the top two candidates in this primary 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. If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket. If two candidates receive the exact same highest number of valid votes and both are listed, this market will resolve to the lowest bracket for the tied candidate whose last name comes first alphabetically. If only one of the tied candidates is listed, this market will resolve to the lowest bracket for that listed candidate. If neither tied candidate is listed, 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 results of the specified election are not known definitively by December 31, 2026, 11:59 PM ET, this market will resolve to “Other”. The primary resolution source for this market will be official election results published by the California Secretary of State (https://www.sos.ca.gov/); however, an overwhelming consensus of credible reporting may suffice. 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.

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