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Raman takes commanding market lead as Los Angeles mayor trading surges

DeFi Rate reports its top 50 board, observed between November 4, 2:41 a.m. and 3:37 a.m. ET, ranked the Los Angeles mayor winner market second overall with 5.2 million dollars traded in 24 hours and Nithya Raman priced at 96.2 cents on Kalshi, against 4 cents for Karen Bass. Raman's price rose from 46 percent to 96 percent on Kalshi over seven days, and from 44 percent to 95 percent on Polymarket.

Nithya Raman’s contract in Kalshi’s Los Angeles mayor winner market reached 96.2 cents, compared with 4 cents for Karen Bass, according to DeFi Rate. The market recorded 5.2 million dollars in trading over 24 hours.

High turnover and a sharp repricing

The Los Angeles mayor contest ranked second overall on DeFi Rate’s top 50 board. The observation window ran from November 4, 2:41 a.m. to 3:37 a.m. ET; the report was published on Nov 4, 2026, at 3:45 AM ET.

Raman’s Kalshi price had climbed from 46 percent to 96 percent over seven days, according to DeFi Rate. That shift moved the contract from below the halfway mark to a level reflecting a strong market expectation of victory.

Polymarket showed a similar change, with Raman rising from 44 percent to 95 percent over the same period. Both venues therefore registered a substantial move toward Raman, although the supplied reporting does not explain what drove the repricing or establish an election result.

What it means for prediction markets

  • Broadly aligned expectations: Raman’s seven-day moves on Kalshi and Polymarket point in the same direction, with both ending at or above 95 percent.
  • Heavy activity in a local race: The 5.2 million dollars traded over 24 hours put the Los Angeles mayor market second on DeFi Rate’s observed top 50 board.
  • Prices remain distinct from outcomes: The 96.2-cent Raman contract and 4-cent Bass contract describe Kalshi pricing during the reported window, not a confirmed winner.
KalshiPolymarketInfiniti MarketsInfiniti Signals

Sources & attribution

Published
  1. Source
    DeFi Ratedefirate.com
    Publisher
    https://defirate.com
    Source URL
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