NM-02
NM-02 House winner? (2026)
23k contracts traded · 14k open
NM-02 HOUSE 2026Live · updated hourlyRating: Safe D
NM-02 House Race 2026 — Live Prediction Market Odds
New Mexico’s 2nd District
New Mexico’s 2nd, a sprawling southern district Democrat Gabe Vasquez holds, prices as a safe hold rather than the toss-up its reputation suggests — the market has the Democratic side deep in favorite territory against Republican Greg Cunningham. A favorable midterm environment has turned a perennial battleground into a comfortable-looking contract. It reads as a barometer of the broader Democratic House map.
Currently represented by Gabe Vasquez (D)
Quick Answer
As of August 28, 2026, Gabe Vasquez leads the NM-02 House market at 89¢ — real money putting the implied probability at 89%. Forecasters rate the seat Safe D, so the gap between that rating and this price is the whole question.
Seat currently held by Gabe Vasquez (D).
Why trust the price: prediction markets called all seven 2024 presidential swing states correctly, often while polling averages were still split. Our state-by-state audit grades where they missed too.
Live NM-02 House Market
Kalshi · CFTC-regulated · real moneyTrade →
How to read this
Each contract pays $1 at resolution, so the price in cents is the market’s implied probability — a 58¢ contract is a 58% chance. When the leading price sits near 50¢, the market is telling you the district is a genuine coin flip.
NM-02 House 2026 — frequently asked
Who is favored to win the NM-02 House race in 2026?
The live board above shows the current market favorite — read each contract’s price as the market’s implied probability, so a 55¢ contract is a 55% chance. Going into the cycle the seat (New Mexico’s 2nd District) is held by Gabe Vasquez (Democrat) and rated safe d; because a real-money market reprices continuously, take today’s favorite off the price, not a static rating.
How do I trade the NM-02 House market on Kalshi?
Kalshi lists the NM-02 House winner as YES/NO contracts, one per party, each settling at $1 if that side wins and $0 if it doesn’t. Buy the side you think is underpriced relative to your own probability, and the difference is your edge. Kalshi is CFTC-regulated and open to traders in all 50 states; every price on this page links straight to the live market.
How accurate were prediction markets in 2024?
Prediction markets had a strong 2024 — Kalshi and Polymarket called all seven presidential swing states correctly the night before, often while the polling averages were still split. Our full state-by-state scorecard, including where the markets missed, is in the 2024 accuracy audit linked below, and it’s the best base rate for how much to trust the NM-02 contract this cycle.
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