Bass and Pratt Set for L.A. Runoff, Traders Say

1 min read
Source: CNBC
TL;DR

Los Angeles voters head to the polls with no candidate over 50%, making a November runoff between the top two likely. Prediction-market traders on Kalshi peg incumbent Karen Bass at about 93% to advance and former reality-TV star Spencer Pratt at roughly 75%; Councilmember Nithya Raman trails at about 28%. Bass and Pratt are the favorites to reach the runoff. Bass also holds about a 65% chance of winning in the end, with Pratt around 25%. The race is nonpartisan (Bass and Raman are Democrats; Pratt is a Republican).

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