Summary
Tom Steyer has become the leading candidate for the California governor's race following Eric Swalwell's exit due to allegations of misconduct. Prediction markets show Steyer with a strong lead over other candidates as the primary election approaches in June 2026.
Key Facts
- Tom Steyer is now the favorite in the California governor's race after Eric Swalwell dropped out.
- Swalwell exited the race and announced his resignation from Congress following sexual misconduct allegations.
- Prediction markets reflect Steyer's rise, showing him with a significant lead over other candidates Matt Mahan and Katie Porter.
- On Polymarket, Steyer's odds increased to about 59% from 6.3% a few weeks ago.
- Kalshi shows similar numbers, with Steyer at approximately 55%.
- Both prediction markets report high trading volumes, indicating strong interest in the race.
- If elected, Steyer would become one of the few billionaire governors in the U.S.
- California's primary election is set for June 2, 2026, with early voting starting on May 4.
