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Markets bet on whether Tom Steyer will win the governorship in California

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Kalshi has reported 19,375 in volume over the last 24 hours on their market for “Who will win the governorship in California?”, making it one of the hottest markets on the platform today.

The market currently is implying a 23% chance for "Tom Steyer", which is up from yesterday, when the market implied a 21% probability.

If Tom Steyer is elected to the governorship of California pursuant to the election in 2026, then the market resolves to Yes.

In total, this market has seen a volume of 25,588 transactions since it was first opened on October 13, 2025. There are 18,037 positions of open interest in this market, and the overall liquidity is sitting at 5,607,381 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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