Will the Democrats win the Texas governor race in 2026?
A repricing with partial backing — read the new probability with some caution.
The pricing has partial support: healthy trading volume and market depth, a tight spread.
How credible was the move?
Three separate questions — a move can be genuine while the latest price is still settling. Methodology →
Move validity
Is the move backed by real trading and depth?
ModerateThe pricing has partial support: healthy trading volume and market depth, a tight spread.
Consensus stability
Has the market settled at the new probability?
StableThe probability has held near its current level over the past several hours.
Contract clarity
Will the rules resolve without ambiguity?
HighThe resolution rules are relatively specific, with a named source and a defined deadline.
From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.
What this market actually measures
This market will resolve according to the winner of the 2026 Texas gubernatorial election. A candidate shall be considered to represent a party in the event that he or she is the nominee of the party in question.
This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.
View full official resolution rules
This market will resolve according to the winner of the 2026 Texas gubernatorial election. A candidate shall be considered to represent a party in the event that he or she is the nominee of the party in question. Candidates other than the Democratic or Republican nominee (e.g., Greens, Libertarian, independent) may be added at a later date. Candidates who run as independents will not be encompassed by the "Democrat" or "Republican" options regardless of any affiliation they may have with the party. The candidates may be named in the contract for the convenience of traders. In the event that any named candidate is replaced as the nominee of their respective party prior to election day, the name in the contract will be updated and the market will resolve based on the replacement nominee of the party. The resolution source for this market is the Associated Press, Fox News, and NBC. This market will resolve once all three sources call the race for the same candidate. If all three sources haven't called the race in this state for the same candidate, this market will resolve based on the official certification.
What could move this market next?
- The market's deadline arrivesOctober 23, 2026 at 2:18 PM ET
The contract must resolve based on what has happened by this date.
Derived from the contract's own mechanics as of Sep 23, 2:20 PM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.
Advanced analysis (experimental)
Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±15 pts.
What's happening
A tight, deep, quote-driven book with little executed flow. The price is stable but reflects resting quotes more than active trading.
- Tight spread on a liquid, calm market
The latest price is a usable but caveated read — weigh it with the market state.
More details — reliability score, dynamics, durability
- Choppy / mean-reverting87%
- Stable consensus4%
- Thin-liquidity spike4%
Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.
Secondary read: leaning toward Thin market.
A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.
Market data
24h volume
$29.8K
Liquidity
$29.6K
Total volume
$106.4K
- Category
- Politics
- Venue
- Polymarket
- Open interest
- —
- Spread
- 1.0 pts
- Best bid
- 26.0%
- Best ask
- 27.0%
- 7-day range
- 26.0% – 26.5%
- Resolves
- Oct 23, 2026