November 3, 2026 - 9:35 am

Recent polls projected the 2026 Nevada governor’s race as a toss-up. But election betting odds paint a much different picture.

Democrat Attorney General Aaron Ford is a heavy betting favorite over Republican Gov. Joe Lombardo to win Tuesday’s gubernatorial election, according to electionbettingodds.com.

The site, which averages live odds for state betting from prediction markets Polymarket, Kalshi and PredictIt, gives Ford a 76.1 percent chance of winning the election and Lombardo a 23.9 percent chance.

Those implied odds equate to Ford being a -318 favorite and Lombardo a +318 underdog. Betting favorites are expressed with a minus sign and underdogs with a plus sign. In this case, a bettor would have to wager $318 to win $100 on Ford to become Nevada’s first Black governor or $100 to win $318 for Lombardo to win a second term.

A total of $5.1 million has been traded on the Nevada governor winner market on Kalshi, while $1.5 million has been traded on Polymarket.…