TOTAL VOLUME:
$142.4b
24H VOL:
$104,871,197
24H TRANSACTIONS:
2,643,541,936
OPEN INTEREST:
$1,592,701,755
469,827
Markets across
35,657
events
MATCHED EVENTS:
2,899
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This market on Kalshi tracks whether Democrats will win Iowa's 2026 gubernatorial election by at least 3 percentage points, currently priced at 43.0%. A secondary outcome asks if the Democratic margin reaches 6 percentage points or more, trading at 19.0%. Resolution follows the official results from the 2026 Iowa gubernatorial election. Watch the campaign dynamics and polling trends leading up to election day on November 3, 2026, as they will determine whether Democrats can achieve either threshold.
The margin of victory is calculated as the Democratic Party's vote percentage minus the vote percentage of the candidate or party finishing immediately behind them if Democrats win, or the vote percentage of the first-place finisher if Democrats lose. Margin ranges are inclusive of their lower bound and exclusive of their upper bound, with no rounding applied. For example, a margin of 5.99999% falls within the 5-6% range, while exactly 6% falls within the 6-7% range. If the Democratic Party runs under multiple party labels, votes are aggregated. A positive margin indicates Democratic victory, a negative margin indicates Democratic loss, and zero indicates a tie for first place. For uncontested races where Democrats are the only candidate, the margin is 100 percentage points.
On Kalshi, this market is priced using a continuous double auction. Traders buy and sell contracts representing different outcomes in the Iowa Governor election, and the prices of these contracts reflect the market’s collective probability assessment. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of a contract is determined by supply and demand; if more traders believe an outcome is likely, the price of that contract will increase, and vice versa. This dynamic pricing mechanism allows the market to efficiently incorporate new information and adjust predictions accordingly.
This market resolves around Nov 3, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. The final margin of victory in the Iowa Governor election, as reported by official election results, will determine the outcome. This market is designed to reflect the actual results of the election, providing a forward-looking assessment of the likely winner and the size of their victory. Traders will have until the resolution time to adjust their positions based on the latest available information.
Several signals or events could significantly move this market before resolution. Major endorsements, significant fundraising announcements, and unexpected shifts in economic conditions could all influence trader sentiment. Debates between candidates often lead to price adjustments, as do any major news events related to the candidates or their campaigns. Polling data releases, while not always directly correlated with market prices, can also contribute to movement. Unexpected events, such as a candidate withdrawing from the race, would likely cause substantial shifts in this market.