Guides2 min read

California governor 2026: Becerra vs Hilton with two weeks to go

Xavier Becerra faces Steve Hilton on 3 November. What the governor race markets cover, the key dates, and which apps Californians can use.

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On this page
  1. How we got here
  2. What the markets cover
  3. Key dates
  4. Where Californians can trade the race
  5. How a governor contract settles

Short answer

California's 3 November governor's race is Democrat Xavier Becerra against Republican Steve Hilton, the top two from the 2 June primary. Election markets on Kalshi and Polymarket US let Californians trade the winner, and the prices update as polls and early returns come in. California hasn't elected a Republican governor since Arnold Schwarzenegger, who left office in 2011.

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Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

Last checked October 27, 2026

How we got here

In California's top-two primary on 2 June 2026, Becerra finished first with about 28% of the vote. Hilton, a former Fox News host endorsed by President Trump in April, took second with about 25%, narrowly ahead of Tom Steyer. Under the top-two system, the two leaders advance whatever their party.

What the markets cover

  • Winner of the governor's race: a yes/no contract on each candidate.
  • Margin or party-control markets where an app lists them.

Prices move every day, so we don't type them here. Check the live price in each app before you trade.

Key dates

DateWhat happens
3 November 2026Election Day: polls open 7 a.m. to 8 p.m. PT
From 3 November eveningResults start; California counts mail ballots for days, so a market can settle well after election night

Confirm voter deadlines on the Secretary of State's site (opens in a new tab).

Where Californians can trade the race

These apps are available to eligible California residents (court disputes pending over sports contracts; status re-checked 16 October 2026). The platforms' minimum age is 18; we recommend 21+. Trading involves risk.

How a governor contract settles

A "Yes" contract on the winner pays $1 once the result is certified or the app's settlement source confirms it; the other side pays $0. Read each market's rules: some settle on certification, which in California can take weeks.

Frequently asked questions

Who is running for California governor in 2026?

Democrat Xavier Becerra and Republican Steve Hilton, the top two from the 2 June primary.

Can I trade the California governor race from California?

Yes, on CFTC-regulated apps such as Kalshi and Polymarket US, which accept eligible California residents.

When will the governor market settle?

It depends on the market's rules. California counts mail ballots for days after 3 November, so settlement can come after election night.

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