2028 Democratic presidential nominee
Short Answer
1. Executive Verdict
- Harris benefits from incumbent VP's established campaign structure.
- Ro Khanna leads non-Harris candidates in early primary state visits (2025-26).
- Andy Beshear made three early primary visits; jointly fundraised with Khanna.
- No candidate has secured multiple progressive endorsements for 2028.
- H1 2027 national favorability data for governors is currently unavailable.
- Gavin Newsom and Josh Shapiro lack reported early primary state visits.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Gavin Newsom | 25.0% | 21.3% | Market higher by 3.7pp |
| Stephen A. Smith | 0.6% | 0.6% | Model and market aligned |
| Mark Kelly | 3.6% | 4.0% | Model higher by 0.4pp |
| Rahm Emanuel | 5.4% | 3.9% | Market higher by 1.5pp |
| Alexandria Ocasio-Cortez | 8.6% | 9.5% | Model higher by 0.9pp |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
The market resolves to "Yes" if Gavin Newsom wins and accepts the Democratic Party's presidential nomination, with the outcome verified by democrats.org; otherwise, it resolves to "No." The market opened on November 6, 2024, at 10:00 AM EST, will close upon the nominee's acceptance or by November 7, 2028, at 10:00 AM EST, and payouts are projected 1 minute after closing. Trading is prohibited for various individuals and groups, including federal and statewide public office holders, presidential campaign staffers, and foreign nationals.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Gavin Newsom | $0.25 | $0.76 | 25% |
| Kamala Harris | $0.10 | $0.91 | 10% |
| Alexandria Ocasio-Cortez | $0.09 | $0.91 | 9% |
| Jon Ossoff | $0.08 | $0.92 | 8% |
| Rahm Emanuel | $0.06 | $0.95 | 5% |
| Pete Buttigieg | $0.05 | $0.95 | 5% |
| Josh Shapiro | $0.05 | $0.95 | 5% |
| Andy Beshear | $0.04 | $0.96 | 4% |
| Mark Kelly | $0.04 | $0.97 | 4% |
| Wes Moore | $0.03 | $0.97 | 3% |
| J.B. Pritzker | $0.03 | $0.98 | 2% |
| James Talarico | $0.03 | $0.98 | 2% |
| Ro Khanna | $0.03 | $0.98 | 2% |
| Michelle Obama | $0.01 | $0.99 | 2% |
| Gretchen Whitmer | $0.01 | $0.99 | 1% |
| Jon Stewart | $0.01 | $0.99 | 1% |
| Mitch Landrieu | $0.01 | $1.00 | 1% |
| Ruben Gallego | $0.01 | $0.99 | 1% |
| Graham Platner | $0.01 | $0.99 | 1% |
| Cory Booker | $0.01 | $0.99 | 1% |
| Mark Cuban | $0.01 | $0.99 | 1% |
| Stephen A. Smith | $0.01 | $0.99 | 1% |
| Andrew Yang | $0.01 | $1.00 | 1% |
| Raphael Warnock | $0.01 | $1.00 | 1% |
| Roy Cooper | $0.01 | $1.00 | 1% |
| Zohran Mamdani | $0.01 | $1.00 | 1% |
| Bernie Sanders | $0.00 | $1.00 | 0% |
| Chris Murphy | $0.00 | $1.00 | 0% |
| Elissa Slotkin | $0.00 | $1.00 | 0% |
| Barack Obama | $0.00 | $1.00 | 0% |
| Dwayne Johnson | $0.00 | $1.00 | 0% |
| Jared Polis | $0.00 | $1.00 | 0% |
| John Fetterman | $0.00 | $1.00 | 0% |
| Amy Klobuchar | $0.00 | $1.00 | 0% |
| Beto O'Rourke | $0.00 | $1.00 | 0% |
| Elizabeth Warren | $0.00 | $1.00 | 0% |
| Gina Raimondo | $0.00 | $1.00 | 0% |
| Jamie Dimon | $0.00 | $1.00 | 0% |
| Tim Walz | $0.00 | $1.00 | 0% |
| Hillary Clinton | $0.00 | $1.00 | 0% |
| Hunter Biden | $0.00 | $1.00 | 0% |
| Jasmine Crockett | $0.00 | $1.00 | 0% |
| Lebron James | $0.00 | $1.00 | 0% |
| Liz Cheney | $0.00 | $1.00 | 0% |
| Phil Murphy | $0.00 | $1.00 | 0% |
Market Discussion
Limited public discussion available for this market.
4. Can Biden-Harris 2025 campaign donor overlap be determined now?
| Future contribution prediction | Cannot be determined at this time (Relies on future, unreported donations) [^] |
|---|---|
| Current data scope | Reflects past and current contributions only [^] |
| Future reporting source | Federal Election Commission (FEC) once reported [^] |
5. What Was Governors' H1 2027 National Favorability and 2026 Surrogate Activity?
| H1 2027 National Favorability Data | Not available in research for specific governors outside home states [^]. |
|---|---|
| 2026 Midterm Surrogate Request Metrics | No specific metrics available in research [^]. |
| Earliest Polling Data Referenced | March 2026 [^] |
6. Have progressive groups endorsed 2028 Democratic presidential candidates?
| 2028 Presidential Endorsements | None from PCCC, Justice Democrats, or Working Families Party [^] |
|---|---|
| Organizations Reviewed | Progressive Change Campaign Committee (PCCC), Justice Democrats, Working Families Party [^] |
| Typical Endorsement Timing | Occurs closer to the primary election cycle [^] |
7. Which Democratic Candidates Visited Early Primary States Most in 2025-26?
| Ro Khanna Total Visits | 4 (3 New Hampshire, 1 South Carolina) [^] |
|---|---|
| Andy Beshear Total Visits | At least 3 (at least 2 New Hampshire, 1 South Carolina) [^] |
| Other Candidate Visits (New Hampshire) | J.B. Pritzker: 1; Gretchen Whitmer: 1; Wes Moore: 1 [^] |
8. How Will the 2028 Democratic Primary Calendar Shift?
| Calendar Process Start | Early 2026 [^] |
|---|---|
| Initial State Proposals Due | January 16, 2026 [^] |
| States Advanced for Consideration | 12 states [^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: November 07, 2028
- Closes: November 07, 2028
10. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
12. Historical Resolutions
No historical resolution data available for this series.
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