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Events
GroupKALSHIPOLYMARKETCross-Platform

Closest Governor's Race?

Closest Governor's Race?
Vol

PM $60.7K · K 428.3K contracts

|
Events

2

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Markets

60

Current odds

Snapshot from

As of Nov 6, 2026, 12:00 PM UTC, Kansas is the highest-priced outcome on both platforms, at 92.5% on Polymarket and 95% on Kalshi.

Polymarket

  1. Kansas92.5%
  2. Tennessee6.2%
  3. Alabama3.9%
  4. Nebraska2.1%
  5. Florida1.9%

Kalshi

  1. Kansas95%
  2. Alaska3%
  3. Florida1%
  4. Nebraska1%
  5. Oklahoma1%

Yes prices. They are not order quotes; check each platform's rules, fees and live prices before trading.

AI Analysis

Trader mode: Market mechanics, assumptions and risks

PM $60.7K · K 428.3K contracts

Reported volume · provider units

60

Saved contracts

0

Same-question pairs

Source snapshot: Nov 6, 2026, 12:00 PM UTC

About This Event

The 2026 midterm elections are scheduled to be held on November 3, 2026. This market will resolve according to the US State gubernatorial race which has the smallest margin of victory. For the purpose of this market, the “margin of victory” is defined as the absolute difference between the percentages of valid votes received by the first- 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. For elections that include runoffs, ranked-choice, or other multi-round elections, the relevant margin of victory will be that of the round in which the winner is determined. If two state margins of victory are identical, this market will resolve to the tied state whose name comes first alphabetically. This market will consider all regular and special gubernatorial elections that are scheduled to take place in November 2026 as of October 31, 2026. For the purposes of this market, US State is defined to exclude territories, the District of Columbia, and any other subdivision that is not a state. The resolution source for this market will be a compilation of all of the relevant state election authorities responsible for certifying statewide elections, however, a consensus of credible reporting may also be used.

This analysis is awaiting a background update, so its prices may be older than the odds above.

Snapshot observed 2026-10-20T06:00:05.944Z. This analysis describes that snapshot and is not a live news update.

What the contract measures

The Polymarket event "Closest Governor's Race?" resolves according to the US state gubernatorial race with the smallest margin of victory [1]. The rules define margin as "the absolute difference between the percentages of valid votes received by the first- and second-place candidates" [1]. For multi-round elections, the margin is taken from the round in which the winner is determined, and ties go to "the tied state whose name comes first alphabetically" [1].

The rules cover "all regular and special gubernatorial elections that are scheduled to take place in November 2026 as of October 31, 2026" [1]. This is a condition in the contract text, not an announced election date. The rules also state that "The 2026 midterm elections are scheduled to be held on November 3, 2026" [1]. The listed end time for each market is 2026-11-04T04:59:00.000Z [1].

Reading the snapshot

The provider observed these prices at 2026-10-20T06:00:05.944Z, and this report retrieved them at 2026-10-20T08:07:24.049Z [1]. They are a record of that observation, not live quotes. The Yes prices shown are Georgia 0.1625, Nevada 0.13, Kansas 0.1235, Ohio 0.104, Texas 0.1005, Florida 0.0875, Wisconsin 0.0845, Tennessee 0.065, Oklahoma 0.0545, Vermont 0.0505, Oregon 0.0405, and Nebraska 0.0315 [1]. Each market is a separate yes or no question about one state, so the prices should be read individually rather than summed or compared as a ranking of the whole field.

The sample is partial. The event contains 36 markets, and 12 are included [1]. The sample was chosen by highest Yes price, so the omitted markets are not shown and should not be assumed to have lower prices. Only one provider is represented here, so no cross-platform comparison is possible.

What remains uncertain

The snapshot does not show trading volume, depth, or the number of participants, and these prices should not be treated as executable quotes or verified probabilities. The evidence contains no information explaining why any price is where it is. The rules also depend on how certifying authorities or credible reporting determine margins after the election [1], which this snapshot cannot assess. Because the listed end time falls after the scheduled election date in the rules, the actual resolution timing and outcome are not established by this evidence.

References

  1. Polymarket: Closest Governor's Race?. Provider data observed 2026-10-20T06:00:05.944Z.

AI-generated analysis based on market data. Not financial advice.

Saved Oct 20, 2026 UTC

This saved content is awaiting a background update. It may contain outdated claims; use the dated market data and provider rules for the latest available information.

Overview

This Polymarket event, titled "Closest Governor's Race?", asks which U.S. state gubernatorial race in 2026 will have the smallest margin of victory. The rules say the market resolves according to the gubernatorial race with the smallest margin, where margin is the absolute difference between the percentages of valid votes received by the first- and second-place candidates. Each percentage is that candidate's valid votes divided by all valid votes cast in the election [1]. The rules cover regular and special gubernatorial elections scheduled for November 2026 as of October 31, 2026. They exclude territories, the District of Columbia, and other subdivisions that are not states [1]. The 2026 midterm elections are scheduled for November 3, 2026 [1]. For elections with runoffs, ranked-choice voting, or other multi-round formats, the margin is measured in the round where the winner is determined. If two state margins are identical, the market resolves to the tied state whose name comes first alphabetically [1]. The stated resolution source is a compilation of the relevant state election authorities that certify statewide elections. A consensus of credible reporting may also be used [1]. The event lists an end time of November 4, 2026 at 04:59 UTC [1]. That is a listed time in the contract, not an announced result or a confirmed resolution date. The market contracts shown here are a partial sample. The saved event contains 36 state markets, and 12 are included in this sample. The sample ranks markets by their Yes price in the snapshot, so the omitted markets are not shown and cannot be compared with the included ones [1]. Prices in a snapshot are not executable quotes or verified probabilities, and a higher or lower price does not show how any race will turn out.

Historical Context

The New York gubernatorial election is scheduled for November 3, 2026, and primary elections took place on June 23, 2026. Candidates selected running mates rather than holding separate primaries for lieutenant governor [2]. These details come from a Wikipedia article retrieved on October 20, 2026, so they describe the article's content at that retrieval time rather than a verified current status. The supplied sources do not include a history of past closest-race contracts or of earlier margin-of-victory results.

Why It Matters

The contract measures a single statistic: the smallest margin of victory among the 2026 November gubernatorial races that meet the listed criteria [1]. Because the margin is based on the gap between the top two candidates' shares of valid votes, the contract is about how close a race is rather than which party or candidate wins [1]. Traders can therefore hold positions on states that are expected to be close, while the resolution depends on certified results from state election authorities or credible reporting [1]. The New York race is one of the scheduled 2026 gubernatorial contests in the background sources, with Kathy Hochul running for re-election [2][3]. The supplied evidence does not establish how its margin compares with other states' margins.

Snapshot context

The latest published provider snapshot for this topic was observed on 2026-10-20 at 06:00 UTC. It contains listings from Polymarket. Market descriptions and listed closing times define the contracts; they do not establish that the real-world outcome has occurred. This article does not include a separately verified news update. [1]

Frequently Asked Questions

Which races count toward this contract?

The contract covers regular and special gubernatorial elections scheduled to take place in November 2026 as of October 31, 2026. Territories, the District of Columbia, and other non-state subdivisions are excluded [1].

How is the margin of victory calculated?

The margin is the absolute difference between the percentages of valid votes received by the first- and second-place candidates. Each percentage is based on the total valid votes cast in the election [1].

What happens in a runoff or ranked-choice election?

For multi-round elections, the relevant margin is the one from the round in which the winner is determined [1].

What happens if two states have the same margin?

The market resolves to the tied state whose name comes first alphabetically [1].

Does the listed end time mean the market resolves then?

No. The event lists an end time of November 4, 2026 at 04:59 UTC, but the resolution depends on the certified results or consensus reporting described in the rules [1].

Was this helpful?
Saved Oct 20, 2026 UTC

AI-written background. References identify the evidence used; Wikipedia links under Learn More are additional reading. Prices and provider rules are dated snapshots. This is not financial advice.

Prices are catalog snapshots and may have changed. Check each market's rules and observation time.

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Related or unreviewed contracts may settle differently. Their gap is not an equivalent-contract comparison.

Saved prices; check contract rules.

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Market Insights

Price gaps of 2 pp+

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Same-question pairs

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No outcomes on this page have been reviewed as the same question on both platforms yet.

Price differences do not establish arbitrage. Check each pair's review, current order prices, fees and settlement rules.