GeoOdds

New Mexico Governor Race 2026 — Odds

NM · GovernorLikely DOpen seat
Incumbent:Open seat

Michelle Lujan Grisham is term-limited, and former Interior Secretary Deb Haaland won the Democratic nomination, putting her on track to become the nation's first Native American woman elected governor. Republican Greggory Hull, the Rio Rancho mayor, needs a major upset in a state that has drifted steadily blue. Markets price the Democratic hold around 85 percent.

88%implied chance
+2.0pp24h

Favorite: Democrat

Current standings

  1. 1
    Democrat88%
  2. 2
    Republican13%
  3. 3
    Option B
  4. 4
    Option F
  5. 5
    Option J
  6. 6
    Option C
  7. ·
    Others (7 outcomes)<1%

Probability over time — Democrat

Frequently asked questions

Who is favored to win the New Mexico Governor race in 2026?

Democrat leads on Polymarket at 88%. Forecasters rate the seat Likely D.

Is the New Mexico governor seat open in 2026?

Yes. Incumbent Michelle Lujan Grisham (D) is not seeking re-election, making this an open seat. Michelle Lujan Grisham is term-limited, and former Interior Secretary Deb Haaland won the Democratic nomination, putting her on track to become the nation's first Native American woman elected governor. Republican Greggory Hull, the Rio Rancho mayor, needs a major upset in a state that has drifted steadily blue. Markets price the Democratic hold around 85 percent.

Where can I trade the New Mexico governor odds?

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