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time75 days 5 hrs

Who will advance from the California Governor primary? - AI Odds Analysis

All Outcomes
Market Price
AI Fair Value
Value Edge
Tom Steyer
YesNo
Matt Mahan
YesNo
Steve Hilton
YesNo
Eric Swalwell
YesNo
Javen Allen
YesNo
Chad Bianco
YesNo
Elaine Culotti
YesNo
Sharifah Hardie
YesNo
Katie Porter
YesNo
Betty Yee
YesNo
Jimmy Parker
YesNo
Antonio Villaraigosa
YesNo
Xavier Becerra
YesNo
Raji Rab
YesNo
Leo Zacky
YesNo
Zoltan Istvan
YesNo
David Thelen
YesNo
Ryan Tillman
YesNo
David Serpa
YesNo
Tony Thurmond
YesNo
Sophia Brink
YesNo
Ian Calderon
YesNo
Nicki Minaj
YesNo
Derek Grasty
YesNo
Butch Ware
YesNo
Dylan Colbert
YesNo
Leonard Jackson
YesNo
Thunder Parley
YesNo
Carolina Buhler
YesNo
Ramsey Robinson
YesNo
Nicholas Thompson
YesNo
Brandon Jones
YesNo
Daniel Mercuri
YesNo
Ché Ahn
YesNo
Ethan Agarwal
YesNo
Kyle Langford
YesNo
LOGO

AI Insights:

03.13 19:16 Updated
Fair Value Reasoning:
The market is in a massive bubble, with total implied probability exceeding 260%, far above the 200% mathematical limit. Recent mid-March 2026 polls (Emerson College and UC Berkeley) show a highly fragmented race. Steve Hilton performs strongly in both (13%-19%), suggesting GOP consolidation, justifying a fair value around 50c. Eric Swalwell, despite leading the Emerson poll (17%), sits third in the Berkeley poll (11%), making his 69c market price significantly overvalued relative to fundamentals. Tom Steyer, who placed second in the Berkeley poll (13%) ahead of Swalwell, is significantly undervalued at 26.5c. Most egregiously, Javen Allen (12.5c) and Matt Mahan (15c) represent irrational liquidity bubbles; public records indicate Allen has withdrawn and will not be on the ballot, while Mahan polls at a negligible 3%.

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Divergence
Market prices are severely disconnected from mainstream data. 1. **Swalwell vs Steyer**: The latest UC Berkeley poll shows Tom Steyer (13%) actually leading Eric Swalwell (11%), yet the market prices Swalwell at 69c and Steyer at only 26.5c. This massive spread cannot be explained by polling margins and indicates extreme retail bias favoring Swalwell. 2. **Zombie Candidates**: Javen Allen is a confirmed withdrawn candidate, and Matt Mahan polls at only 3%, yet they trade at prices (12c-15c) implying >10% win probabilities, completely defying reality.

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