Eric Swalwell’s betting odds to winning California governorship craters from accusations

Bettors are rattled by mounting accusations surrounding leading Democrat Eric Swalwell, shifting odds toward billionaire progressive Tom Steyer in California’s governor’s race. In a graph shared Wednesday, Benjamin Freeman, in charge of politics growth at betting platform Kalshi, noted that Steyer’s likelihood to win the race surged to 33%, corresponding with a huge dip of Swalwell’s odds, now at 39%. According to Kalshi, Swalwell’s huge nose-dive started April 4 when he was at 57.8% odds and Steyer was at 14.4%. The following day, Steyer dropped to 44.7%. That same day was when Cheyenne Hunt, a Democratic Gen Z activist and...