[Whale Watch] $5K NO on 2028 Democratic Presidential Nominee (Gavin Newsom) at 72c (2:03:12 PM ET)
Someone just bet against Gavin Newsom securing the 2028 Democratic presidential nomination, placing $5,487 NO on the Kalshi market at 72c. The trade comprised 7,621 NO contracts at 72c each, totaling $5,487. This trade was part of a broader NO-side surge — across the last 200 trades spanning 16.8 hours, NO volume totals $35,613 versus $1,214 YES, with NO contracts representing 87% of all activity. The market currently prices Newsom’s nomination at roughly 27–28% implied probability, with the price drifting down 1c net across recent trading.
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