2028 Presidential race: exact outcome
Short Answer
1. Executive Verdict
- Republicans show significant net voter registration gains in Florida's Hispanic counties.
- Marco Rubio consolidates substantial Trump donor support for a potential 2028 bid.
- Kamala Harris leads potential candidates in 2026 midterm campaign activity.
- Harris builds substantial infrastructure, transferring PAC funds to swing state candidates.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Gavin Newsom defeats JD Vance | 12.0% | 10.1% | Democratic candidates benefit from significant infrastructure building and PAC funding in swing states. |
| JD Vance defeats Gavin Newsom | 12.0% | 17.2% | Republicans show significant net voter registration gains in Florida's Hispanic counties. |
| Gavin Newsom defeats Marco Rubio | 8.0% | 7.0% | Democratic candidates benefit from significant infrastructure building and PAC funding in swing states. |
| Marco Rubio defeats Gavin Newsom | 7.0% | 10.9% | Marco Rubio consolidates substantial support from major Trump donors for a potential bid. |
| Pete Buttigieg defeats JD Vance | 5.0% | 4.4% | Democratic candidates benefit from significant infrastructure building and PAC funding in swing states. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
The contract resolves to "Yes" if Gavin Newsom defeats JD Vance in the 2028 presidential election, verified by the Office of the Presidency. It resolves to "No" if this outcome does not occur, or if any underlying component (e.g., nominee status) resolves to "No" or becomes impossible, as it operates as a combination market. The market, opened April 9, 2026, closes after the outcome or by January 20, 2029, 5:00 AM EST, with projected payout 30 minutes after closing; it can also close early if the outcome is confirmed or impossible.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Gavin Newsom defeats JD Vance | $0.12 | $0.91 | 12% |
| JD Vance defeats Gavin Newsom | $0.12 | $0.91 | 12% |
| Gavin Newsom defeats Marco Rubio | $0.08 | $0.94 | 8% |
| Marco Rubio defeats Gavin Newsom | $0.07 | $0.96 | 7% |
| Pete Buttigieg defeats JD Vance | $0.05 | $0.97 | 5% |
| AOC defeats JD Vance | $0.04 | $0.98 | 4% |
| JD Vance defeats Kamala Harris | $0.04 | $0.99 | 4% |
| Kamala Harris defeats JD Vance | $0.04 | $0.98 | 4% |
| Marco Rubio defeats AOC | $0.03 | $0.99 | 3% |
| Andy Beshear defeats Marco Rubio | $0.02 | $0.99 | 2% |
| James Talarico defeats Marco Rubio | $0.02 | $0.99 | 2% |
| JD Vance defeats Andy Beshear | $0.02 | $0.99 | 2% |
| JD Vance defeats Pete Buttigieg | $0.02 | $0.99 | 2% |
| Marco Rubio defeats Josh Shapiro | $0.02 | $0.99 | 2% |
| Pete Buttigieg defeats Marco Rubio | $0.02 | $0.99 | 2% |
| James Talarico defeats JD Vance | $0.01 | $1.00 | 1% |
| JD Vance defeats James Talarico | $0.01 | $1.00 | 1% |
| Marco Rubio defeats Andy Beshear | $0.01 | $1.00 | 1% |
| Marco Rubio defeats James Talarico | $0.01 | $1.00 | 1% |
| Marco Rubio defeats Pete Buttigieg | $0.01 | $1.00 | 1% |
| Andy Beshear defeats JD Vance | $0.03 | $0.98 | 0% |
| AOC defeats Marco Rubio | $0.04 | $0.98 | 0% |
| JD Vance defeats AOC | $0.04 | $0.99 | 0% |
| JD Vance defeats Jon Ossoff | $0.03 | $0.99 | 0% |
| JD Vance defeats Josh Shapiro | $0.03 | $0.99 | 0% |
| Jon Ossoff defeats JD Vance | $0.04 | $0.98 | 0% |
| Jon Ossoff defeats Marco Rubio | $0.03 | $0.98 | 0% |
| Josh Shapiro defeats JD Vance | $0.03 | $0.98 | 0% |
| Josh Shapiro defeats Marco Rubio | $0.03 | $0.98 | 0% |
| Kamala Harris defeats Marco Rubio | $0.03 | $0.98 | 0% |
| Marco Rubio defeats Jon Ossoff | $0.03 | $0.99 | 0% |
| Marco Rubio defeats Kamala Harris | $0.03 | $0.99 | 0% |
Market Discussion
Limited public discussion available for this market.
4. Can Newsom & Beshear's 2028 Fundraising Be Determined?
| Biden/Harris 2028 Nomination Status | No formal announcement made regarding 2028 withdrawal [^], [^], [^] |
|---|---|
| Newsom/Beshear FEC Fundraising Velocity | Cannot be determined for 90 days post-hypothetical 2028 withdrawal [^]. |
| Newsom/Beshear Major Donor Rates | Cannot be provided for specific hypothetical scenario [^]. |
5. Who Is Winning Trump Donor Support: Vance or Rubio?
| Vance Trump Campaign Transfers | Direct fundraising assistance [^], [^] |
|---|---|
| Rubio Trump Donor Preference | 80-20 over Vance in early 2028 discussions [^] |
| Vance Donor Cultivation | Engaged with conservative donors at events like Rockbridge Network [^] |
6. Are Republicans Gaining Voters in Florida's Hispanic Counties Post-2024?
| Net Republican Gains (FL) | 103,500 (since 2024 election, up to April 2026) [^] |
|---|---|
| Counties with Net GOP Gains | 16 out of 20 largest Hispanic counties in Florida [^] |
| Miami-Dade GOP Gains | 21,500 voters (since 2024 election) [^] |
7. Are RNC Delegate Allocation Rules Changing for 2028?
| RNC Rules Process Start | January 2024 [^] |
|---|---|
| 2028 Winner-Take-All Proposals | None currently proposed [^] |
| Florida 2024 Delegate Allocation | Winner-take-all [^] |
8. Which 2028 Candidates Are Most Active in 2026 Midterms?
| Most Active 2028 Candidate | Kamala Harris (8 campaign stops, $2.5M PAC transfers) [^] |
|---|---|
| Second Most Active Candidate | Gavin Newsom (3 campaign stops, $1.8M PAC transfers) [^] |
| Third Most Active Candidate | Josh Shapiro (3 campaign stops, $1.2M PAC transfers) [^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 20, 2029
- Closes: January 20, 2029
10. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
12. Historical Resolutions
No historical resolution data available for this series.
Get Real-Time Research Updates
Sign up for early access to live reports, historical data, and AI-powered market insights delivered to your inbox.