Key facts
- Over $5.2 million has been traded on the LA mayoral race betting market.
- Polymarket reported the market activity as of Tuesday morning.
- The top two vote-getters will advance to a November runoff if no candidate receives more than 50% of the vote.
Betting markets are showing significant activity in the lead-up to the Los Angeles mayoral election. As of Tuesday morning, Polymarket reported that over $5.2 million had been traded on the outcome of the race. This financial activity reflects public and investor sentiment regarding the candidates' chances of winning. Los Angeles voters go to the polls Tuesday. If no candidate receives more than 50% of the vote, the top-two vote getters will advance to a November runoff.