All
Outcomes
Market
Price
AI Fair
Value
Value
Edge
Jim Pillen
YesNo
Charles Herbster
YesNo
Gary L. Rogge
YesNo
Sal Holguin
YesNo
Sheila Korth-Focken
YesNo
Jacy Todd
YesNo
John Walz
YesNo
AI Insights:
2 hours ago UpdatedFair Value Reasoning:
March 2nd marked the filing deadline for non-incumbents, and major rival Charles Herbster officially declined to run. Incumbent Governor Jim Pillen has secured a 'Complete and Total Endorsement' from Donald Trump, has significant funding, and enjoys incumbency advantage. The only slight headwind is a recent audit regarding 'no-bid contracts,' which prompted John Walz to file as a 'contingency' candidate; however, Walz stated he will not actively campaign if Pillen remains electable. Candidate Jacy Todd has been convicted of crimes. Thus, Pillen's nomination is virtually certain, and the market is significantly undervaluing him at ~81c due to an overreaction to minor risks.
Sign up to view more information
Movers
March 16, 2026 - March 18, 2026, Jim Pillen's price dropped from 94c to 81.5c. The reason is likely market jitters following a State Auditor's report regarding 'no-bid contracts' and the late filing of John Walz, who framed his candidacy as a 'contingency' in case Pillen is forced to withdraw. The market is overreacting to this tail risk.
March 2, 2026 - March 3, 2026, Charles Herbster's price crashed from ~20c to 2.7c while Pillen surged. The reason was Herbster's official announcement on the filing deadline that he would not seek the governorship.
Divergence
Mainstream political analysis (e.g., Cook Political Report) rates this race as 'Solid R' with the incumbent in a dominant position, especially given Trump's endorsement and the withdrawal of his only major rival, Herbster. However, the prediction market prices Pillen at only ~81.5%, a significant divergence from his actual probability of winning (likely >98%), suggesting the market has not fully priced in the lack of viable opposition.