TOTAL VOLUME:

$116.8b

24H VOL:

$74,316,137

24H TRANSACTIONS:

1,362,287,844

OPEN INTEREST:

$1,155,356,965

338,521

Markets across

33,297

events

MATCHED EVENTS:

4,228

PLATFORM COVERAGE:

5

Polymarket:

42%

VS.

Kalshi:

58%

Texas Governor winner?

Texas Governor winner?

Jan 26, 2025, 10:00 AM EST - Jan 20, 2027, 10:00 AM EST
Total volume:
$709,120
Volume 24h:
$5,602
60%
Liquidity:
N/AN/A
Open interest:
$518,756
0.63%

Republican party

 - Kalshi

Republican party - Kalshi

88%

-2%

1W

News

Positive

Negative

Neutral

Hover marker for details

Aug 20

Aug 21

Aug 22

Aug 24

Aug 25

Aug 26

Aug 27

Vol.

$13.1k

·

Resolves Jan 20, 2027

Will the Republican party win the governorship in Texas

88%chance
Amount

$

You will be redirected to the platform to complete this trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
MUI X License key version mismatch
Total markets: 2

Intro

This market tracks whether the Republican party will win the governorship in Texas following the 2026 election, as measured on Kalshi using official election results. The current probability of the Republican party winning stands at 89.0%, with the Democratic party at 12.0%. The market will resolve based on official inauguration results. Watch for the inauguration date of 2027-01-20, which will determine the final outcome.

Kalshi

If a representative of the Democratic party is inaugurated as the governor of Texas pursuant to the 2026 election, then the market resolves to Yes. If a representative of the Republican party is inaugurated as the governor of Texas pursuant to the 2026 election, then the market resolves to Yes.

Frequently asked questions

The Texas Governor winner dashboard on Kalshi tracks real-time odds and historical price movements for contracts tied to the 2027 Texas gubernatorial election. You can monitor current implied probabilities, 24-hour trading volume of $3,361, and cumulative market depth across all outcomes. The interface displays the Democratic party's current chance at 88.0%, alongside Republican and independent candidate contracts. Historical charts let you see how sentiment has shifted as campaigns develop and major political events unfold.

Prediction market odds on Kalshi often diverge from traditional polling because traders incorporate real-money incentives, campaign momentum, and event-driven shifts faster than polls can be conducted and published. While polls measure voter intent at a single moment, markets reflect dynamic expectations across the full election cycle. The Democratic candidate's current market probability of 88.0% may run higher or lower than recent poll aggregates depending on whether traders are pricing in fundraising surges, debate performance, or demographic shifts that polls have not yet captured.

On Kalshi, the Texas Governor winner market is structured as binary contracts on individual outcomes—most prominently, whether the Democratic party will win the governorship. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each contract trades between 0 and 100 cents, where the current price reflects the market's collective probability estimate. The Democratic outcome is priced at 88.0%, meaning traders believe there is roughly that probability of a Democratic victory. Prices move continuously as new information arrives, campaign developments unfold, and traders adjust their positions based on evolving expectations.

The Texas Governor winner market on Kalshi is scheduled to resolve on Jan 20, 2027. Resolution is determined by the official results of the 2027 Texas gubernatorial election. Contracts on the winning candidate or party will be settled at full value, while all other outcomes expire worthless. The market will close to new trading shortly before the election, and final settlement occurs once the election authority certifies the winner.

Major catalysts for price movement in the Texas Governor winner market include candidate announcements, campaign fundraising reports, debate performances, and endorsements from prominent state and national figures. Economic data, voter registration trends, and turnout models also influence trader sentiment. Breaking news about scandals, policy shifts, or demographic changes can trigger sharp repricing. Primary election results, if applicable, and shifts in national political momentum will likely drive significant volume and volatility as traders reassess the probability of each outcome heading toward the general election.