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Which state will vote first in the 2028 Democratic presidential primary?

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
New Hampshire 93¢
Iowa 10¢

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Thu, 17 Sep 2026 04:50:35 UTC.

Your call

The market says 93%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

93%

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The record

What this market has cost every day since 28 July 2026, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 JulAugSept New Hampshire 89.5 Iowa 8.5 South Carolina 5

Over this window South Carolina went from 34.5 to 5, a move of 29.5 points away from happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
The Washington Post, Fox News, The Wall Street Journal, The Guardian, ABC, Bloomberg News, CBS, South China Morning Post, NBC, the Associated Press, The Verge, BBC, Axios, CNN, ABC News Australia, The Information, Semafor, MSNBC, CBC, Reuters, Politico, The New York Times
Contract terms
Kalshi product certification (PDF)
Closes
Sat, 01 Apr 2028 03:59:00 UTC
Resolution, for the New Hampshire contract
If New Hampshire holds the earliest 2028 Democratic presidential contest administered by its election officials or the Democratic Party among the 50 states after Issuance and before Apr 1, 2028, then the market resolves to Yes.
Ticker
KXDEMFIRSTCONTEST-28

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