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Markets bet on whether Virginia Lieutenant Governor election will have the smallest margin of victory in 2025 U.S. Elections

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Kalshi has reported 39,651 in volume over the last 24 hours on their market for “Will Virginia Lieutenant Governor election have the smallest margin of victory in 2025 U.S. Elections?”, making it one of the hottest markets on the platform today.

The market currently is implying a 17% chance for "Virginia Lieutenant Governor", which is neutral from yesterday, when the market implied a 17% probability.

If the Virginia Lieutenant Governor election has the smallest margin of victory among all elections in the 2025 Virginia Governor, Virginia Lieutenant Governor, Virginia Attorney General, New Jersey Governor, NYC Mayor, and California Proposition 50 elections, then the market resolves to Yes.

In total, this market has seen a volume of 45,244 transactions since it was first opened on October 07, 2025. There are 22,941 positions of open interest in this market, and the overall liquidity is sitting at 2,705,809 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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