# California Governor primary advancers? (Person)

In 2026

Updated: May 7, 2026

Category: Elections

Tags: Primaries

HTML: /markets/elections/primaries/california-governor-primary-advancers-person/

## Short Answer

**Key takeaway.** Both the **model** and the **market** overwhelmingly agree that Steve Hilton is most likely to advance in the California Governor primary, with only minor residual uncertainty.

## Key Claims (January 2026)

**- - Tom Steyer largely self-funded his campaign, raising $143 million by April 2026.** - California Democratic Party remains uncommitted after its February 2026 convention.
- **Market** **confidence** appears high for Steve Hilton advancing in the primary.
- Increased 2024 GOP turnout may boost Steve Hilton's primary performance.
- Heavily self-funded candidates generally experience low success rates nationally.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model** estimates Tom Steyer at **0.3%** versus 1c **market**, reflecting self-funded candidates' nationally low success rates.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Xavier Becerra | 62.0% | 51.2% | Has federal experience and a strong record in California state politics. |
| Tom Steyer | 56.0% | 50.1% | A well-known environmentalist and former presidential candidate. |
| Eric Swalwell | 0.4% | 0.1% | A sitting US Representative from California. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Xavier Becerra | 62.0% | 51.2% |
| Tom Steyer | 56.0% | 50.1% |
| Eric Swalwell | 0.4% | 0.1% |
| Chad Bianco | 10.0% | 4.1% |
| Steve Hilton | 73.0% | 67.7% |
| Katie Porter | 4.7% | 1.7% |
| Rick Caruso | 0.7% | 0.2% |
| Antonio Villaraigosa | 0.8% | 0.3% |
| Betty Yee | 0.8% | 0.3% |
| Kamala Harris | 1.8% | 0.6% |
| Tony Thurmond | 3.8% | 1.3% |
| Ethan Agarwal | 0.7% | 0.2% |
| Rob Bonta | 0.7% | 0.2% |
| Eleni Kounalakis | 1.0% | 0.3% |
| Matt Mahan | 5.6% | 2.0% |

- Expiration: June 2, 2027

## Market Behavior & Price Dynamics

This prediction market chart shows a complete lack of price movement. The probability for this contract has remained static at its starting price of 1.0% across all recorded data points. There have been no price spikes, drops, or any discernible trend; the price action is perfectly sideways. Consequently, recent news developments, such as polling shifts among leading candidates like Hilton and Becerra, have had no observable impact on this contract's price.

The most critical feature of this market is the trading volume, which stands at zero. This indicates that no contracts have been bought or sold. The lack of volume suggests there is no market conviction or participation regarding this specific outcome. The 1.0% price is not a reflection of trader consensus but rather an initial or standing offer that has not been engaged with. Because there has been no trading activity, no support or resistance levels have been established. The chart suggests that market sentiment is either non-existent or completely undeveloped for this particular candidate advancing in the primary.

## Contract Snapshot

This market resolves to 'Yes' if Tom Steyer advances to the general election for California governor in 2026, and 'No' if he does not, with the outcome verified by the California Secretary of State. The market opened on November 19, 2025, and will close when the event occurs or by November 3, 2026, at 10:00 am EST. Insider trading by employees of source agencies is prohibited, and the market may close early if the event occurs.

## Market Discussion

Steve Hilton (R) currently leads polls and markets with 17-18% support and 80-82% advance odds for California's gubernatorial primary, scheduled for June 2, 2026, which advances the top two candidates to the general election [[^]](https://ballotpedia.org/California_gubernatorial_election,_2026)[[^]](https://en.wikipedia.org/wiki/2026_California_gubernatorial_election)[[^]](https://thehill.com/homenews/campaign/5848331-california-governor-race-becerra-steyer/)[[^]](https://www.sacbee.com/news/politics-government/election/voter-guide/article315281369.html)[[^]](https://www.youtube.com/watch?v=lYXOc0Q34aU)[[^]](https://www.predictionhunt.com/odds/who-will-advance-from-the-california-governor-primary). Xavier Becerra (D) has surged to 18% in a recent Democratic Party poll, joining Tom Steyer (D) (12-14% support, 69% advance odds) and Chad Bianco (R) (14% support, 12-42% advance odds) as significant contenders [[^]](https://thehill.com/homenews/campaign/5848331-california-governor-race-becerra-steyer/)[[^]](https://www.sacbee.com/news/politics-government/election/voter-guide/article315281369.html)[[^]](https://www.youtube.com/watch?v=lYXOc0Q34aU)[[^]](https://www.predictionhunt.com/odds/who-will-advance-from-the-california-governor-primary). The fragmented Democratic field among 61 total candidates reportedly creates a 14-20% risk of two Republicans advancing to the general election [[^]](https://ballotpedia.org/California_gubernatorial_election,_2026)[[^]](https://en.wikipedia.org/wiki/2026_California_gubernatorial_election)[[^]](https://defirate.com/prediction-markets/primaries/california/).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Antonio Villaraigosa | 0.9% | 1.4% | 0.8% | $14,326.24 | $6,247.86 |
| Betty Yee | 0.3% | 0.9% | 0.8% | $8,250 | $3,736 |
| Chad Bianco | 8.7% | 10% | 10% | $90,168.34 | $49,609.03 |
| Ethan Agarwal | 0.2% | 0.7% | 0.7% | $5,676 | $2,167 |
| Eleni Kounalakis | 0.1% | 0.7% | 1% | $2,567 | $1,263 |
| Eric Swalwell | 0.4% | 1% | 0.4% | $101,690.17 | $25,298.74 |
| Kamala Harris | 0.7% | 1% | 1.8% | $8,094.32 | $4,277.67 |
| Katie Porter | 4.6% | 4.7% | 4.7% | $83,532.09 | $29,273.16 |
| Matt Mahan | 5.5% | 5.6% | 5.6% | $127,980.53 | $59,863.61 |
| Rob Bonta | 0.1% | 0.7% | 0.7% | $3,923 | $650 |
| Rick Caruso | 0.3% | 1.5% | 0.7% | $21,559 | $4,148 |
| Steve Hilton | 72% | 73% | 73% | $87,246.28 | $27,104.51 |
| Tom Steyer | 55% | 56% | 56% | $127,092.52 | $47,241.48 |
| Tony Thurmond | 1.1% | 2% | 3.8% | $6,520.86 | $4,691 |
| Xavier Becerra | 61% | 62% | 62% | $141,226.05 | $56,327.28 |

## How do the fundraising strategies and spending patterns of top Democratic contenders Xavier Becerra and Tom Steyer compare for the 2026 primary cycle?

Tom Steyer Total Raised | $143 million through April 18, 2026 [[^]](https://theballotbook.com/blog/2026-california-governor-s-race-where-the-money-stands-through-april-18th) |
Xavier Becerra Total Raised | $5.74 million [[^]](https://theballotbook.com/campaign_finance/committees/19177/receipts?page=1&tab=by_donor) |
Steyer Jan-Apr 2026 TV Ad Spending | $106 million [[^]](https://www.capradio.org/articles/2026/04/27/billionaire-blitz-steyers-132-million-campaign-dwarfs-rivals-in-california-governor-race/)[[^]](https://www.sacbee.com/news/politics-government/election/article315514355.html)[[^]](https://calmatters.org/politics/2026/04/california-governor-race-financials/) |

**Tom Steyer largely self-funded his 2026 primary campaign, demonstrating immense financial power**

Tom Steyer largely self-funded his 2026 primary campaign, demonstrating immense financial power. Through April 18, 2026, his campaign raised **$143** million, predominantly from his own personal contributions [[^]](https://theballotbook.com/blog/2026-california-governor-s-race-where-the-money-stands-through-april-18th). This substantial backing allowed him to spend over **$132** million in total [[^]](https://www.capradio.org/articles/2026/04/27/billionaire-blitz-steyers-132-million-campaign-dwarfs-rivals-in-california-governor-race/). Between January and April 2026, Steyer allocated **$106** million, with a significant portion directed toward TV advertisements, which considerably exceeded the spending of his rivals in the California governor race [[^]](https://www.capradio.org/articles/2026/04/27/billionaire-blitz-steyers-132-million-campaign-dwarfs-rivals-in-california-governor-race/)[[^]](https://www.sacbee.com/news/politics-government/election/article315514355.html)[[^]](https://calmatters.org/politics/2026/04/california-governor-race-financials/).

Xavier Becerra pursued a traditional fundraising **model**, raising significantly less capital. His fundraising strategy relied heavily on individual contributions, accumulating approximately **$5.74** million in total, with **65%** originating from individuals and **25%** from other sources [[^]](https://theballotbook.com/campaign_finance/committees/19177/receipts?page=1&tab=by_donor). Transparency USA independently reported his total raised at about **$5.2** million [[^]](https://www.transparencyusa.org/ca/committee/becerra-for-governor-2026-1480025-cao/contributors?page=3). Becerra experienced a notable surge in donations after the withdrawal of Swalwell, attracting 20,000 contributions, **97%** of which came from first-time donors, contributing **$2.89** million during that period [[^]](https://www.washingtonexaminer.com/news/campaigns/state/4541416/xavier-becerra-momentum-california-governor-race/)[[^]](https://www.kron4.com/news/politics/inside-california-politics/how-much-money-has-each-2026-california-governor-candidate-raised/). His campaign's spending between January and April 2026 amounted to approximately **$4.2** million, which represented only **4%** of Steyer's expenditures during the identical timeframe [[^]](https://www.capradio.org/articles/2026/04/27/billionaire-blitz-steyers-132-million-campaign-dwarfs-rivals-in-california-governor-race/)[[^]](https://www.sacbee.com/news/politics-government/election/article315514355.html). Transparency USA indicated his total spending was **$1.56** million, and he concluded the January-April period with **$507,000** cash on hand [[^]](https://www.transparencyusa.org/ca/committee/becerra-for-governor-2026-1480025-cao/contributors?page=3).

## Which major statewide endorsements, such as the California Democratic Party and the California Labor Federation, remain uncommitted and what is their timeline for action before June 2026?

California Democratic Party endorsement status | Uncommitted for gubernatorial endorsement (February 2026) [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article314797298.html)[[^]](https://cadem.org/wp-content/uploads/2026/02/2026-Convention-Endorsing-Conference-Results-FINAL-Results-PDF.pdf)[[^]](https://cadem.org/wp-content/uploads/2026/02/Final-RATIFIED-2026-Primary-Election-Consent-Calendar.pdf) |
Top votes at CDP convention | Swalwell (24%), Yee (17%), Becerra (14%), Steyer (13%) [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article314797298.html)[[^]](https://cadem.org/wp-content/uploads/2026/02/2026-Convention-Endorsing-Conference-Results-FINAL-Results-PDF.pdf) |
California Labor Federation endorsements | Steyer, Swalwell, Villaraigosa, Porter (March 16-17, 2026) [[^]](https://calaborfed.org/press-releases/california-federation-of-labor-unions-endorse-for-governor-and-other-statewide-races-for-2026-primary-election/)[[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article315079488.html) |

**The California Democratic Party remains uncommitted for the 2026 gubernatorial primary**

The California Democratic Party remains uncommitted for the 2026 gubernatorial primary. Following its February 2026 convention, the party did not issue an endorsement for governor due to a lack of consensus among delegates [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article314797298.html). Top vote recipients at the convention included Swalwell (**24%**), Yee (**17%**), Becerra (**14%**), and Steyer (**13%**) [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article314797298.html)[[^]](https://cadem.org/wp-content/uploads/2026/02/2026-Convention-Endorsing-Conference-Results-FINAL-Results-PDF.pdf). The CDP's official timeline for an endorsement decision was February 22, 2026, and it has maintained its uncommitted status since then [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article314797298.html)[[^]](https://cadem.org/wp-content/uploads/2026/02/Final-RATIFIED-2026-Primary-Election-Consent-Calendar.pdf).

The California Labor Federation has endorsed four candidates for Governor. This organization formally backed Tom Steyer, Eric Swalwell, Antonio Villaraigosa, and Katie Porter for Governor, a decision finalized on March 16-17, 2026, which required a two-thirds supermajority vote [[^]](https://calaborfed.org/press-releases/california-federation-of-labor-unions-endorse-for-governor-and-other-statewide-races-for-2026-primary-election/)[[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article315079488.html). As of May 2026, there is no indication of further major endorsements awaiting release, with the primary election scheduled for June 2, 2026 [[^]](https://calaborfed.org/press-releases/california-federation-of-labor-unions-endorse-for-governor-and-other-statewide-races-for-2026-primary-election/)[[^]](https://seiuca.org/press-releases/2026/05/04/seiu-california-makes-dual-endorsement-for-governor-xavier-becerra-tom-steyer/).

## What polling data and key endorsements underpin the market's high confidence in Steve Hilton advancing from the June 2026 primary?

Polymarket Confidence | 82% (for advancing from primary) [[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-steve-hilton-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary) |
UC Berkeley/Politico Poll (March 2026) | Hilton 19% [[^]](https://cmf.s.sfgate.com/politics/article/governors-race-poll-22073291.php) |
Trump Endorsement Date | April 6, 2026 [[^]](https://www.sfchronicle.com/politics/article/trump-california-govenor-endorsement-steve-hilton-22191275.php)[[^]](https://www.kqed.org/news/12078793/trump-endorses-steve-hilton-for-california-governor-giving-gop-a-front-runner) |

**Market confidence is high for Steve Hilton advancing in the 2026 primary**

**Market** **confidence** is high for Steve Hilton advancing in the 2026 primary. The **market** exhibits high **confidence** in Steve Hilton advancing from the June 2, 2026 primary, with a notable **82%** likelihood indicated on Polymarket [[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-steve-hilton-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary). This strong **market** sentiment is underpinned by recent polling data showing Hilton's lead and a significant endorsement from Donald Trump [[^]](https://www.sfchronicle.com/politics/article/trump-california-govenor-endorsement-steve-hilton-22191275.php).

Recent polling data shows varied, yet generally strong support for Hilton. Polling conducted in March and April 2026 reveals fluctuating but often leading positions for Hilton. A UC Berkeley/Politico poll from March 2026 reported Hilton leading with **19%**, ahead of Steyer at **13%** [[^]](https://cmf.s.sfgate.com/politics/article/governors-race-poll-22073291.php). An Emerson poll conducted on April 14-15, 2026, also placed Hilton in the lead at **17%**, with Bianco and Steyer close behind at **14%** [[^]](https://www.newsweek.com/republican-steve-hilton-california-governor-race-2026-donald-trump-11849699)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/). Conversely, a SurveyUSA poll on April 14, 2026, indicated Steyer with a slight lead at **21%**, followed by Hilton at **18%** [[^]](https://www.desertsun.com/story/news/nation/california/2026/04/14/new-poll-shows-steyer-and-hilton-lead-in-californias-governor-race/89607324007/).

Donald Trump's endorsement significantly bolstered Hilton's campaign for governor. A pivotal development supporting Hilton's campaign was the 'COMPLETE & TOTAL ENDORSEMENT' he received from Donald Trump via Truth Social on April 6, 2026 [[^]](https://www.sfchronicle.com/politics/article/trump-california-govenor-endorsement-steve-hilton-22191275.php)[[^]](https://www.kqed.org/news/12078793/trump-endorses-steve-hilton-for-california-governor-giving-gop-a-front-runner). This endorsement positioned Hilton as the GOP front-runner and is considered a significant factor influencing the **market**'s assessment of his viability to successfully advance from the primary [[^]](https://www.sfchronicle.com/politics/article/trump-california-govenor-endorsement-steve-hilton-22191275.php)[[^]](https://www.kqed.org/news/12078793/trump-endorses-steve-hilton-for-california-governor-giving-gop-a-front-runner).

## What is the expected impact of the 2024 presidential election outcome on the 2026 California gubernatorial primary, particularly for Trump-endorsed candidate Steve Hilton?

Trump 2024 CA Vote Share | 38% [[^]](https://truthout.org/articles/cas-flawed-primary-system-could-result-in-deep-blue-state-electing-gop-governor/) |
Hilton Polling (April 2026) | 17% (Emerson) [[^]](https://www90.realclearpolitics.com/epolls/2026/governor/ca/2026_california_governor_open_primary-8672.html) |
Hilton Advance Probability | 77-82% (Polymarket) [[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-eric-swalwell-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-steve-hilton-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://www.polymarket.com/event/who-will-advance-from-the-california-governor-primary) |

**Increased GOP turnout from the 2024 election may boost Hilton**

Increased GOP turnout from the 2024 election may boost Hilton. The 2026 California gubernatorial primary is expected to see increased Republican turnout, influenced by the 2024 presidential election where Donald Trump secured **38%** of the vote in California [[^]](https://truthout.org/articles/cas-flawed-primary-system-could-result-in-deep-blue-state-electing-gop-governor/). This anticipated rise in turnout could significantly benefit Steve Hilton, who received an endorsement from Donald Trump on April 6, 2026 [[^]](https://www.sfchronicle.com/politics/article/trump-california-govenor-endorsement-steve-hilton-22191275.php)[[^]](https://www.politico.com/news/2026/04/06/trump-endorses-steve-hilton-in-california-governors-race-00859470)[[^]](https://www.cnn.com/2026/04/06/politics/steve-hilton-trump-endorsement-california-hnk). As of April 2026, Hilton's polling data shows him at **17%**, placing him at the top of the RealClearPolitics average, which ranges from 16-**20%** [[^]](https://www90.realclearpolitics.com/epolls/2026/governor/ca/2026_california_governor_open_primary-8672.html)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/)[[^]](https://www.270towin.com/2026-governor-polls/california).

Hilton is strongly positioned to advance given favorable polling and **market** odds. The primary, scheduled for June 2, 2026, operates under a top-two system, meaning the two candidates with the most votes will advance to the general election regardless of party affiliation [[^]](https://en.wikipedia.org/wiki/2026_California_gubernatorial_election). Prediction markets indicate a high likelihood of Hilton securing one of these coveted spots, with Polymarket suggesting a 77-**82%** chance for him to advance [[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-eric-swalwell-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-steve-hilton-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://www.polymarket.com/event/who-will-advance-from-the-california-governor-primary). Furthermore, broader prediction **market** trends anticipate an 80-**81%** **probability** for a Democrat and a Republican to advance from the primary, in contrast to a 9-**20%** expectation for two Republicans [[^]](https://www.lines.com/prediction-markets/elections/parties-advancing-from-the-california-governor-primary)[[^]](https://robinhood.com/us/en/prediction-markets/elections/events/california-governor-primary-advancers-party-jun-02-2026/). Hilton's consistent polling performance and strong prediction **market** odds collectively suggest a solid and competitive position in the race [[^]](https://www90.realclearpolitics.com/epolls/2026/governor/ca/2026_california_governor_open_primary-8672.html)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/)[[^]](https://www.270towin.com/2026-governor-polls/california)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-eric-swalwell-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://polymarket.com/event/who-will-advance-from-the-california-governor-primary/will-steve-hilton-get-the-first-or-second-most-votes-in-the-2026-california-governor-primary-election)[[^]](https://www.polymarket.com/event/who-will-advance-from-the-california-governor-primary).

## What does historical election data from California primaries indicate about the success rate of heavily self-funded candidates like Tom Steyer?

National Self-Funded Candidate Win Rate | 11-12% (2002-2010, 2016-2018) [[^]](https://www.followthemoney.org/research/institute-reports/the-efficacy-of-self-funding-a-political-campaign)[[^]](https://abcnews.go.com/US/Blotter/meg-whitman-breaks-record-financed-campaign-california-governors/story?id=11647905)[[^]](https://followthemoney.org/research/institute-reports/self-funders-continue-to-falter) |
Heavily Self-Funded Primary Loss Rate | Over two-thirds (2016-2018) [[^]](https://followthemoney.org/research/institute-reports/self-funders-continue-to-falter) |
Tom Steyer 2020 Presidential Primary Vote Share | 1.96% (0 delegates, $353 million spent) [[^]](https://uselectionatlas.org/RESULTS/state.php?elect=1&f=0&fips=6&off=0&year=2020) |

**Heavily self-funded candidates generally face low success rates nationally**

Heavily self-funded candidates generally face low success rates nationally. National data indicates self-funders win approximately 11-**12%** of races [[^]](https://www.followthemoney.org/research/institute-reports/the-efficacy-of-self-funding-a-political-campaign)[[^]](https://abcnews.go.com/US/Blotter/meg-whitman-breaks-record-financed-campaign-california-governors/story?id=11647905). Between 2016 and 2018, over two-thirds of candidates who were more than **90%** self-funded lost their primaries [[^]](https://followthemoney.org/research/institute-reports/self-funders-continue-to-falter). The National Institute on Money in State Politics reported an **11%** win rate for self-financed candidates from 2002-2010 [[^]](https://www.followthemoney.org/research/institute-reports/the-efficacy-of-self-funding-a-political-campaign)[[^]](https://abcnews.go.com/US/Blotter/meg-whitman-breaks-record-financed-campaign-california-governors/story?id=11647905).

California gubernatorial primaries offer mixed results for self-funded campaigns. In the 2010 Republican primary, Meg Whitman successfully won her primary after self-funding **$144** million and spending **$65** per vote [[^]](https://www.followthemoney.org/research/institute-reports/the-mostly-unchanged-efficacy-of-self-funding-a-political-campaign)[[^]](https://www.fppc.ca.gov/content/dam/fppc/documents/Education-External-Division/Breaking_the_Bank.pdf). However, fellow self-funded candidate Poizner lost despite spending **$24** million in the same primary [[^]](https://www.followthemoney.org/research/institute-reports/the-mostly-unchanged-efficacy-of-self-funding-a-political-campaign)[[^]](https://www.fppc.ca.gov/content/dam/fppc/documents/Education-External-Division/Breaking_the_Bank.pdf). Similarly, in the 1998 Democratic gubernatorial primary, both Checchi, who spent **$70** per vote, and Harman, who spent **$29** per vote, were unsuccessful [[^]](https://www.fppc.ca.gov/content/dam/fppc/documents/Education-External-Division/Breaking_the_Bank.pdf)[[^]](http://www.epicjourney2008.com/2010/09/ca-very-expensive-primary-win.html).

Tom Steyer's self-funded campaigns have yielded varied outcomes. His 2020 presidential primary bid in California resulted in only **1.96%** of the vote and zero delegates, despite a significant expenditure of **$353** million [[^]](https://uselectionatlas.org/RESULTS/state.php?elect=1&f=0&fips=6&off=0&year=2020). For the upcoming 2026 California Governor primary, Steyer had already self-funded over **$105** million by April and was polling at approximately 11-**13%** [[^]](https://www.sacbee.com/news/politics-government/capitol-alert/article315017746.html)[[^]](https://calmatters.org/politics/2026/04/california-governor-race-financials/). This primary is anticipated to be competitive, with a field including eight Democratic candidates and two leading Republican candidates [[^]](https://www.capradio.org/articles/2026/03/09/the-field-is-set-meet-the-candidates-officially-running-for-california-governor/)[[^]](https://en.wikipedia.org/wiki/2026_California_gubernatorial_election).

## What Could Change the Odds

**The California gubernatorial primary election, scheduled for June 2, 2026, will see the top-two candidates advance to November 3 [[^]](https://ballotpedia.org/California_gubernatorial_election,_2026)[[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html).** Ballots were mailed on May 4, 2026, and early voting began on May 23 [[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html). Polling in early May 2026 indicated Steve Hilton (R) at 18-**20%**, Xavier Becerra (D) at 10-**18%**, and Tom Steyer (D) at 12-**18%** [[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html)[[^]](https://gvwire.com/2026/05/05/becerra-tied-with-hilton-for-lead-in-california-governors-race-poll/)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/). **Market** odds for advancing from the primary show Hilton at **82%** and Steyer at **69%** [[^]](https://www.predictionhunt.com/odds/who-will-advance-from-the-california-governor-primary). A significant shift occurred following sexual assault allegations against another candidate, leading to their exit and catalyzing Becerra's rise in polls from 4-**13%** to **18%** [[^]](https://www.newsweek.com/california-governor-race-odds-tom-steyer-11873172)[[^]](https://www.desertsun.com/story/news/nation/california/2026/04/21/california-governor-primary-polls-show-xavier-becerra-rising/89717390007/)[[^]](https://patch.com/california/sacramento/2026-ca-governors-race-primary-election-weeks-away-what-know).

**Former President Trump endorsed Hilton [[^]](https://patch.com/california/sacramento/2026-ca-governors-race-primary-election-weeks-away-what-know), leading to consolidation among Republican voters while Democrats remained split [[^]](https://patch.com/california/sacramento/2026-ca-governors-race-primary-election-weeks-away-what-know)[[^]](https://predictionsandodds.com/predictions/2026-ca-governor-race-who-has-the-edge/).** This split among Democratic candidates presents a risk of a Democratic lockout from the general election [[^]](https://patch.com/california/sacramento/2026-ca-governors-race-primary-election-weeks-away-what-know)[[^]](https://predictionsandodds.com/predictions/2026-ca-governor-race-who-has-the-edge/). Despite his primary polling between 12-**18%** [[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html)[[^]](https://gvwire.com/2026/05/05/becerra-tied-with-hilton-for-lead-in-california-governors-race-poll/)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/), Tom Steyer possesses a substantial **$132** million war chest [[^]](https://predictionsandodds.com/predictions/2026-ca-governor-race-who-has-the-edge/) and general election win odds ranging from 41-**63%** [[^]](https://predictionsandodds.com/predictions/2026-ca-governor-race-who-has-the-edge/)[[^]](https://defirate.com/prediction-markets/primaries/california/), suggesting potential for a strong performance if he advances.

**A considerable portion of the electorate, between 14-23%, remains undecided [[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/), indicating that significant movement in candidate support is still possible before the primary.** The economy has emerged as the top issue for **41%** of voters [[^]](https://www.yahoo.com/news/articles/california-governor-poll-shows-volatile-173442997.html)[[^]](https://emersoncollegepolling.com/california-2026-poll-april/), making candidates' platforms and messaging on economic concerns potentially crucial in swaying these undecided voters and shaping the final outcome.

## Key Dates & Catalysts

- **Expiration:** June 02, 2027
- **Closes:** June 02, 2027

## Decision-Flipping Events

- The California gubernatorial primary election, scheduled for June 2, 2026, will see the top-two candidates advance to November 3 [^] [^] .
- Ballots were mailed on May 4, 2026, and early voting began on May 23 [^] .
- Polling in early May 2026 indicated Steve Hilton (R) at 18-**20%**, Xavier Becerra (D) at 10-**18%**, and Tom Steyer (D) at 12-**18%** [^] [^] [^] .
- **Market** odds for advancing from the primary show Hilton at **82%** and Steyer at **69%** [^] .

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## Historical Resolutions

No historical resolution data available for this series.

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