Raman Hits 99% on Kalshi After Bass Entered Election Day as Favorite

Dek: With $142 million traded, the Los Angeles mayor’s market has swung sharply toward Nithya Raman as she leads the count. The reversal shows why pre-election forecasts, live odds and race calls are different things. Kalshi traders favored incumbent Los Angeles Mayor Karen Bass heading into Election Day. Two days later, they are almost certain City Councilmember Nithya Raman will replace her. Raman is now trading at 99% in the Los Angeles mayor’s market, with $142 million in volume, as of Thursday morning.