Raman nears certainty on Kalshi as Los Angeles mayor trading surges
DeFi Rate ranks the Los Angeles mayor winner market second on its top-50 board by 24-hour volume, with Raman priced at 98.1 cents on Kalshi and Karen Bass at 2.1 cents. Raman is also among the biggest seven-day movers, up about 53 points from the mid-40s to 98 percent.
The Los Angeles mayor winner market recorded $7.2 million in trading over 24 hours, according to DeFi Rate. Nithya Raman was priced at 98.1 cents on Kalshi, compared with 2.1 cents for Karen Bass.
DeFi Rate’s snapshot, published Nov 4, 2026, at 3:15 PM ET, placed the contest second on its top-50 board ranked by 24-hour volume.
A sharp shift over seven days
Raman also ranked among the largest seven-day movers, according to DeFi Rate. Her price rose about 53 points, moving from the mid-40s to 98 percent over that period.
The figures show a market heavily concentrated on Raman as the expected winner. They describe trading prices and activity, however, rather than establishing the election’s outcome.
What it means for prediction markets
- Strong directional pricing: Raman’s 98.1-cent price and Bass’s 2.1-cent price indicate a pronounced market preference for Raman.
- Substantial recent repricing: The roughly 53-point seven-day gain shows how sharply expectations changed within a week.
- High relative activity: The $7.2 million in 24-hour volume put the contest second on DeFi Rate’s top-50 board; that ranking measures trading activity, not forecast accuracy.
Sources & attribution
- Published
- Source
- DeFi Ratedefirate.com
- Publisher
- https://defirate.com
- Source URL
- The feed did not publish this story's article address.
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to DeFi Rate”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
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