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Elections

Trade: Who will place first in the primary for Nancy Pelosi’s congressional seat (CA-11)?

Opened · Settles · 4 comments

Resolution criteria on PolyGram: This market will resolve according to the candidate who receives the most votes in the primary, regardless of party, to contest the seat for California's 11th congressional district in the U.S. House of Representatives in the 2026 midterm elections. The California primary is scheduled to take place on June 2, 2026. If no nominee is announced by November 3, 2026, 11:59PM ET, this market will resolve to "Other". The resolution source for this market will be a consensus of official sources, including https://www.sos.ca.gov/. Any replacement of the nominee before election day will not change the resolution of the market.

PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.

Liquidity
$59K
Total Volume
$353K
24h Volume
$36
Open Interest
$9K
Trade this market on PolyGram →

Market outcomes

Candidate J
Candidate L
Candidate N
Other
Candidate I
Candidate K
Candidate M
Candidate O

Market context

California's 11th congressional district will hold its primary election on 2 June 2026, with the top vote-getter advancing to the general election regardless of party affiliation under the state's top-two primary system. Nancy Pelosi, who has represented the district since 1987, announced her retirement from Congress in November 2022, leaving the seat open for the first time in nearly four decades. The district, which encompasses parts of San Francisco and the surrounding Bay Area, has been heavily Democratic, though demographic shifts and local political dynamics may influence the field of candidates and their relative strength.

Historical precedent suggests that open-seat races in safe Democratic districts attract multiple candidates from the party, often fragmenting the vote. When Pelosi's predecessor Phillip Burton died in 1983, the special election saw significant competition among Democrats. The current market has not yet established an order book with live pricing, so no implied probability has formed. Traders should monitor candidate announcements throughout 2025 and early 2026, as the field composition will materially affect vote distribution. Key dates include the candidate filing deadline and any major endorsements from local Democratic organisations or state figures. Recent California primary outcomes, including the 2024 cycle, provide benchmarks for understanding how vote splitting occurs in multi-candidate races within the state's primary system.

How this market resolves

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.

How to trade this market step by step

The mechanics for trading "Who will place first in the primary for Nancy Pelosi’s congressional seat (CA-11)?" are the same as any other PolyGram event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.

  1. Sign in on polygram.ink with your email — no full KYC under $1,500 lifetime trading volume.
  2. Deposit USDC on Polygon (lowest fees, ~$0.01 per transaction) or Ethereum. Funds credit after 12 confirmations.
  3. Pick a side. Buy YES if you believe the event will happen; buy NO if you think it won't. The current YES price reflects the market's collective probability.
  4. Size your position. If you stake 100 USDC at 50% YES, you'll receive shares that pay $200 if YES resolves true — a 100% gross return. If NO resolves, your shares are worth $0.
  5. Set risk controls (optional). Stop-loss, take-profit, and limit-order types all supported. Use the trade ticket's slippage box to cap your maximum entry price.
  6. Wait for resolution. When the event resolves on-chain via the UMA optimistic oracle, the winning side settles to 100¢ automatically and USDC hits your balance within seconds. Withdrawable to any wallet you control.

How active is this market?

$353K in lifetime turnover and $59K of resting liquidity puts this market in the top 10% by volume for elections contracts on PolyGram. Order-book depth is exceptional — among the deepest order books in the category.

Last 24 hours alone saw $36 in turnover, consistent with the market's lifetime daily-average pace.

The market has been open for 6 months — the price has had time to stabilise as new information arrived.

Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.

Key terms

YES / NO share
A binary outcome token that pays $1.00 if the underlying claim resolves true (YES) or false (NO), and $0 otherwise. The market price between 0¢ and 100¢ is the implied probability.
CLOB
Central limit order book. The matching engine that pairs YES buyers with NO buyers (effectively the same trade). Polymarket's CLOB on Polygon executes trades on-chain via the conditional-tokens framework.
Liquidity
USDC capital sitting in resting limit orders inside the order book. Deeper liquidity means smaller slippage on large trades and a tighter bid-ask spread.
UMA optimistic oracle
The on-chain dispute system that settles each Polymarket market. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution.
Slippage
The difference between the displayed mid-price and your fill price. Affects market orders most; limit orders avoid slippage but may take time to fill.
Conditional token
ERC-1155 outcome share issued by Gnosis Conditional Tokens on Polygon. The token type that resolves to $1.00 or $0.00 at settlement.

See the full prediction-market glossary →

Frequently asked questions

How does this market resolve?

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.

When does this market close?

This prediction market is scheduled to close on 2 June 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.

How can I trade on "Who will place first in the primary for Nancy Pelosi’s congressional seat (CA-11)?"?

To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.

What happens when the market resolves?

When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.

Risk and regulatory note

Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.

Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.

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