2028 Democratic nominee for President?
Short Answer
1. Executive Verdict
- Gavin Newsom consistently leads early national polls and prediction markets.
- Kamala Harris significantly trails Newsom in early polls and markets.
- Pete Buttigieg builds national profile as a key 2026 midterm surrogate.
- Alexandria Ocasio-Cortez secures national progressive endorsements and youth voter appeal.
- A post-2024 reassessment may favor more pragmatic candidates nationally.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Gavin Newsom | 27.3% | 31.9% | Gavin Newsom leads early national polls and prediction markets, supported by an active governorship and high national visibility. |
| Stephen A. Smith | 1.1% | 1.2% | Stephen A. Smith, a prominent sports commentator, lacks a political background or established campaign. |
| Alexandria Ocasio-Cortez | 8.5% | 9.8% | Alexandria Ocasio-Cortez is a high-profile progressive congresswoman with a significant national following. |
| Mark Kelly | 2.2% | 2.4% | Senator Mark Kelly is a former astronaut who represents the key swing state of Arizona. |
| James Talarico | 3.2% | 3.5% | James Talarico is a former Texas State Representative with a limited national profile. |
Current Context
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
This market resolves to Yes if Gavin Newsom wins and accepts the Democratic Party's nomination for President, with the outcome verified by democrats.org. A No resolution occurs if he does not meet this condition, as the event is mutually exclusive. The market opened on November 6, 2024, at 10:00 AM EST, and will close either after the Democratic nominee accepts the nomination or by November 7, 2028, at 10:00 AM EST.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Gavin Newsom | $0.27 | $0.73 | 27% |
| Alexandria Ocasio-Cortez | $0.09 | $0.92 | 9% |
| Jon Ossoff | $0.07 | $0.93 | 7% |
| Josh Shapiro | $0.06 | $0.94 | 6% |
| Kamala Harris | $0.04 | $0.96 | 4% |
| Pete Buttigieg | $0.04 | $0.96 | 4% |
| Andy Beshear | $0.04 | $0.96 | 4% |
| James Talarico | $0.03 | $0.97 | 3% |
| J.B. Pritzker | $0.03 | $0.97 | 3% |
| Rahm Emanuel | $0.02 | $0.98 | 2% |
| Mark Kelly | $0.02 | $0.98 | 2% |
| Ro Khanna | $0.02 | $0.98 | 2% |
| Gretchen Whitmer | $0.01 | $0.99 | 2% |
| Ruben Gallego | $0.02 | $0.98 | 2% |
| Wes Moore | $0.02 | $0.98 | 2% |
| Jon Stewart | $0.01 | $0.99 | 1% |
| Michelle Obama | $0.01 | $0.99 | 1% |
| Cory Booker | $0.01 | $0.99 | 1% |
| Stephen A. Smith | $0.01 | $0.99 | 1% |
| Chris Murphy | $0.01 | $0.99 | 1% |
| Raphael Warnock | $0.01 | $0.99 | 1% |
| Mark Cuban | $0.01 | $0.99 | 1% |
| Roy Cooper | $0.00 | $1.00 | 0% |
| Zohran Mamdani | $0.00 | $1.00 | 0% |
| Dwayne Johnson | $0.00 | $1.00 | 0% |
| Elissa Slotkin | $0.00 | $1.00 | 0% |
| Jared Polis | $0.00 | $1.00 | 0% |
| Amy Klobuchar | $0.00 | $1.00 | 0% |
| Andrew Yang | $0.00 | $1.00 | 0% |
| Barack Obama | $0.00 | $1.00 | 0% |
| Bernie Sanders | $0.00 | $1.00 | 0% |
| Gina Raimondo | $0.00 | $1.00 | 0% |
| Hillary Clinton | $0.00 | $1.00 | 0% |
| Jamie Dimon | $0.00 | $1.00 | 0% |
| Jasmine Crockett | $0.00 | $1.00 | 0% |
| John Fetterman | $0.00 | $1.00 | 0% |
| Lebron James | $0.00 | $1.00 | 0% |
| Tim Walz | $0.00 | $1.00 | 0% |
| Beto O'Rourke | $0.00 | $1.00 | 0% |
| Hunter Biden | $0.00 | $1.00 | 0% |
| Liz Cheney | $0.00 | $1.00 | 0% |
| Phil Murphy | $0.00 | $1.00 | 0% |
Market Discussion
Gavin Newsom currently leads the market probabilities for the 2028 Democratic nomination, followed by Alexandria Ocasio-Cortez and Jon Ossoff. Discussion among traders is sparse, with one participant explicitly selling their 'Yes' position on Newsom due to his perceived stance on Israel. Some users also expressed a desire to see additional candidates, such as Jamie Dimon or Graham Platner, included in the market options.
4. Have Potential Candidates' Super PACs Raised Over $15 Million Annually?
| Candidates' Directly Affiliated PACs Exceeding $15M Annually | None (as of March 26, 2026, for 2025/2026 calendar years) [^] |
|---|---|
| Gavin Newsom's Campaign for Democracy PAC Fundraising (2023-2024) | Approximately $10.4 million [^] |
| Gavin Newsom's Campaign for Democracy PAC Fundraising (YTD 2025) | Approximately $4.3 million [^] |
5. Will Michigan and Pennsylvania Be Early DNC Primary States?
| Michigan's Early Primary Status | Strong contender for an early slot [^] |
|---|---|
| Pennsylvania's Early Primary Status | Did not apply for early slot [^] |
| States Considered for Early Slots | 12 states [^] |
6. Why Is Pete Buttigieg a Top Midterm Surrogate in 2026?
| Most In-Demand Surrogate | Pete Buttigieg (2026 midterm election cycle) [^] |
|---|---|
| States Campaigned In (by mid-March 2026) | 10 states [^] |
| Types of Candidates Supported | Gubernatorial and Senate candidates [^] |
7. Who Has Progressive Endorsements for 2028 Democratic Nomination?
| 2028 Progressive Endorsements Status | None, excluding AOC & Ro Khanna (as of March 26, 2026) [^] |
|---|---|
| Prediction Market Favorite | Gavin Newsom (24%) for 2028 Democratic nomination (Polymarket, March 26, 2026) [^] |
| Other Figures' Endorsement Status | Gallego, Beshear, Whitmer, Shapiro lack national progressive backing (as of March 26, 2026) [^] |
8. Which 2028 Democratic Candidate First Hired Key Campaign Staff?
| Current Status of 2028 Dem Presidential Staffing | No candidate has met the specified two-senior-staffer criteria as of March 26, 2026 [Web Research Results] [^]. |
|---|---|
| Staffing Criteria | At least two senior staffers from Obama 2012, Clinton 2016, or Biden 2020 presidential campaigns in top leadership roles [Web Research Results] [^]. |
| Target Date for Assessment | June 30, 2027 [Web Research Results] [^]. |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: November 07, 2028
- Closes: November 07, 2028
10. Decision-Flipping Events
- Trigger: Several factors could significantly impact the race for the Democratic presidential nomination [^] .
- Trigger: Governor Gavin Newsom's strong position is buoyed by his governorship, his increased national profile through frequent critiques of Republican leaders, and his fundraising prowess [^] .
- Trigger: However, a potential reassessment of the Democratic Party's direction post-2024 might favor more pragmatic candidates, which could be a disadvantage for some contenders, including Kamala Harris [^] .
- Trigger: Additionally, some analyses suggest that figures such as Andy Beshear, Gretchen Whitmer, Josh Shapiro, and Ruben Gallego may be perceived as more electable than Newsom [^] .
12. Historical Resolutions
No historical resolution data available for this series.
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