Democratic Presidential Nominee 2028

Elections
Last Updated: November 2025
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Candidate My Odds Market Odds Confidence Value
Josh Shapiro 30% 4% 7.5/10 🟢 🔥 STRONG BUY
Gavin Newsom 25% 38% 8/10 🟢 ❌ SELL
Gretchen Whitmer 12% ? 6.5/10 🟡 💰 BUY
Pete Buttigieg 10% 6% 6/10 🟡 ✅ SLIGHT BUY
Wes Moore 6% 3% 5/10 🟡 ✅ SLIGHT BUY
Alexandria Ocasio-Cortez 5% 14% 7.5/10 🟢 ❌ SELL
Jon Ossoff 4% 4% 7/10 🟢 ➡️ HOLD
Kamala Harris 3% 5% 8/10 🟢 ❌ SELL
Field/Others 5% - - -

Detailed Candidate Analysis

1. Josh Shapiro

My Odds
30%
Market Odds
4%
Confidence: 7.5/10 🟢 🔥 STRONG BUY

Why I'm Bullish:

  • Pennsylvania is THE swing state: Won it by 14.8 points in 2022 while Biden won by only 1.2% in 2020
  • Bipartisan appeal: Has worked with Republican legislature, appeals to moderates
  • Jewish candidate: Would be historic but also tested - he's already won statewide
  • Age sweet spot: 55 in 2028 - experienced but not "old guard"
  • Strong fundraising network: Connections in both Philly and national Democratic circles

Why I Could Be Wrong:

  • National name recognition is low: Most Americans don't know who he is yet
  • Limited national media presence: Hasn't been on the Sunday shows circuit much
  • Israel/Gaza politics: His strong pro-Israel stance could be divisive in Democratic primaries by 2028
  • Governors often underperform: National campaigns are different beasts
  • He might not even run: Could be content being PA governor

Key Indicators to Watch:

  • Does he campaign for Dems nationally in 2026?
  • Does he get a prime speaking slot at 2026/2027 events?
  • Can he build a national fundraising operation?

2. Gavin Newsom

My Odds
25%
Market Odds
38%
Confidence: 8/10 🟢 ❌ SELL

Why He's Still Strong:

  • Massive name recognition: Everyone knows who he is
  • Fundraising machine: California donor network is unmatched
  • Media savvy: Excellent communicator, looks presidential
  • National profile: Has been positioning himself for years
  • Executive experience: Will have 10 years as CA governor by 2028

Why I'm Bearish vs. Market:

  • California is a liability: Homelessness crisis, high cost of living, crime narratives
  • French Laundry moment: Pattern of "rules for thee but not for me" incidents
  • Coastal elite problem: Struggles to connect with Midwest/Rust Belt voters
  • Hillary Clinton parallels: Well-known, well-funded, but potentially out of touch
  • Democratic base wants change: After Biden, do they want another older white male establishment figure?

Key Indicators to Watch:

  • How does California's economy/crime situation look in 2027?
  • Can he win over labor unions outside California?
  • Does he moderate his positions for a national audience?

3. Pete Buttigieg

My Odds
10%
Market Odds
6%
Confidence: 6/10 🟡 ✅ SLIGHT BUY

Why I'm Slightly Bullish:

  • Best communicator in Democratic politics: Destroys opponents in debates
  • Cabinet experience: Transportation Secretary gives executive credibility
  • Military service: Navy veteran - helps with credibility
  • Midwest roots: Indiana background helps with regional appeal
  • 2020 proved viability: Won Iowa, showed he could compete

Why I'm Not More Bullish:

  • Transportation Secretary is not a launching pad: Name one Transportation Secretary who became president
  • 2020 collapse: Couldn't build diverse coalition, especially with Black voters
  • Age might work against him: He'll be 46 - might seem too young vs. experienced governors
  • LGBTQ+ factor: Sadly, still a potential liability in general election swing states
  • No state base: Doesn't have a governor's mansion or Senate seat to run from

Key Indicators to Watch:

  • Does he take a different cabinet role or run for office?
  • Can he build relationships with Black political leaders?
  • Does he get more national security credentials?

4. Alexandria Ocasio-Cortez

My Odds
5%
Market Odds
14%
Confidence: 7.5/10 🟢 ❌ SELL

Why Market Overvalues Her:

  • Internet fame ≠ electability: Twitter/social media presence doesn't translate to primary votes
  • No executive experience: Never run anything, just been a House member
  • Too progressive for general: Medicare for All, Green New Deal are tough sells in swing states
  • Age: Only 38 in 2028 - Democrats tend to prefer experience
  • Establishment resistance: Democratic Party apparatus would work against her

Why She Has Any Chance:

  • Massive grassroots energy: Can raise money from small donors
  • Generational change: Millennials will be a huge voting bloc by 2028
  • Name recognition: Everyone knows who she is
  • Communication skills: Excellent on social media and in hearings
  • Progressive lane: If the party swings left, she's the obvious choice

Key Indicators to Watch:

  • Does she run for Senate or Governor of NY?
  • Does she moderate any positions?
  • How does the progressive movement fare in 2026 midterms?

5. Kamala Harris

My Odds
3%
Market Odds
5%
Confidence: 8/10 🟢 ❌ SELL

Why She's Done:

  • 2024 loss: If she lost to Trump (or whoever), she's finished
  • 2020 primary collapse: Dropped out before Iowa despite being a "frontrunner"
  • Approval ratings: Struggled as VP with consistently low ratings
  • No natural base: Doesn't excite progressives, moderates, or any particular demographic
  • Age: Would be 64 in 2028 - not old, but not the "new generation"

6. Gretchen Whitmer

My Odds
12%
Market Odds
Unknown
Confidence: 6.5/10 🟡 💰 BUY

Why She's Underrated:

  • Michigan governor: Proven winner in crucial swing state
  • Kidnapping plot sympathy: Survived domestic terrorism plot, shows toughness
  • Abortion rights champion: Led on Prop 3 in Michigan
  • Executive experience: Will have 10 years as governor by 2028
  • Woman candidate: Democrats want to elect first woman president

Why She Might Not Run:

  • Might be content in Michigan: Good job, less stressful than president
  • National profile still building: Not as well-known as Newsom
  • Midwest nice: Might not have the killer instinct for national politics

Key Indicators to Watch:

  • Does she campaign nationally in 2026?
  • Does she write a book?
  • Does she take on more national media?

7. Jon Ossoff

My Odds
4%
Market Odds
4%
Confidence: 7/10 🟢 ➡️ HOLD

Why Market Is Right:

  • Too young: Only 41 in 2028
  • Limited experience: Just one Senate term
  • Georgia is tough: Winning there was impressive but can he do it nationally?
  • No executive experience: Never run anything

Why He Could Surprise:

  • Generational change: If Democrats want youth
  • Investigative journalism background: Good storytelling
  • Fundraising: Raised massive amounts for his races
  • Swing state credibility: Won in Georgia

8. Wes Moore

My Odds
6%
Market Odds
3%
Confidence: 5/10 🟡 ✅ SLIGHT BUY

Why I'm Slightly Bullish:

  • Incredible biography: Rhodes Scholar, Army veteran, nonprofit leader, author
  • Maryland governor: Executive experience in a diverse state
  • Charisma: Excellent speaker and communicator
  • Youth: Only 50 in 2028
  • Historic: Would be only the third Black president

Why I'm Not More Bullish:

  • Limited experience: Only 2-6 years as governor by 2028
  • Maryland is not a swing state: Doesn't prove swing state appeal
  • National profile still building: Most Americans don't know him
  • Might be too soon: Could be better positioned for 2032 or 2036

Key Assumptions

  • Biden doesn't run again (age/health)
  • Democrats lose 2024 (if they won, Harris would be frontrunner)
  • Economy is stable (recession changes everything)
  • No major scandals (can derail anyone)
  • Progressive vs. Moderate fight continues (shapes the race)

Bottom Line

The market is overvaluing celebrity (Newsom, AOC) and undervaluing swing-state electability (Shapiro, Whitmer). In Democratic primaries, electability arguments tend to win out eventually.