If the margin of victory for Julia Letlow in the first round of the 2026 Louisiana Republican Senate primary falls at least 9%, inclusive of its lower bound and exclusive of its upper bound, then the market resolves to Yes. The margin of victory shall be calculated as follows based on the margin type. For percentage points: the vote percentage received by Julia Letlow minus the vote percentage received by the candidate/party/option that finishes immediately behind Julia Letlow if Julia Letlow wins, or the candidate/party that finishes first if Julia Letlow loses. For raw votes: the total votes received by Julia Letlow minus the total votes received by the candidate/party/option that finishes immediately behind Julia Letlow if Julia Letlow wins, or the candidate/party/option that finishes first if Julia Letlow loses. For electoral votes: the electoral votes received by Julia Letlow minus the electoral votes received by the candidate/party/option with the second-most electoral votes if Julia Letlow wins, or the electoral votes received by Julia Letlow minus the electoral votes received by the candidate/party/option with the most electoral votes if Julia Letlow does not. Each margin range is inclusive of its lower bound and exclusive of its upper bound. No rounding shall be applied to the calculated margin. For example, for consecutive ranges of 5-6% and 6-7%, a margin of 5.99999% resolves within the 5-6% range, while a margin of exactly 6% resolves within the 6-7% range. If Julia Letlow runs under multiple parties or is listed multiple times, votes attributable to the same underlying natural Julia Letlow will be summed. If Julia Letlow wins the election, the margin will be positive. If Julia Letlow loses the election, the margin will be negative. If Julia Letlow ties for first place, the margin shall be 0. For uncontested races where Julia Letlow is the only candidate, the margin shall be 100 percentage points or the total number of votes cast (for raw votes). This market will close and expire early if certified election results are published.