Who will run for the 2028 Republican presidential nomination?

As of Tue, 20 Oct 2026 11:11:54 UTC, Kalshi traders price Ted Cruz (82.0%), J.D. Vance (79.0%), Ron DeSantis (66.0%). The market has $500K in volume and closes on Sat, 01 Jan 2028.

Updated:

Current odds

OutcomeChanceYes priceNo price
Ted Cruz82.0%82.0¢18.0¢
J.D. Vance79.0%79.0¢21.0¢
Ron DeSantis66.0%66.0¢34.0¢
Marco Rubio55.0%55.0¢45.0¢
Rand Paul51.0%51.0¢49.0¢
Thomas Massie47.0%47.0¢53.0¢
Glenn Youngkin39.0%39.0¢61.0¢
Chris Christie36.0%36.0¢64.0¢
Brian Kemp35.0%35.0¢65.0¢
John McEntee32.0%32.0¢68.0¢
Tulsi Gabbard30.0%30.0¢70.0¢
Pete Hegseth28.0%28.0¢72.0¢
Tucker Carlson27.0%27.0¢73.0¢
Vivek Ramaswamy26.0%26.0¢74.0¢
Doug Burgum26.0%26.0¢74.0¢

Market details

Resolution rules

Each outcome is a separate contract with its own rules. The rules for Ted Cruz:

If Ted Cruz announces a presidential campaign to contest the presidential nomination of the Republican party for the 2028 U.S. presidential election before Jan 1, 2028, then the market resolves to Yes.

Sources

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