Arizona Governor Race: Margin of Victory
Arizona voters head to the polls on November 3, 2026 to elect a new governor, with incumbent Democrat Katie Hobbs facing a competitive Republican challenge in a state known for razor-thin statewide results. Beyond who wins, the size of the victory margin has become its own point of interest given Arizona’s recent history of narrow decisions.
Why Markets Are Watching
Arizona has emerged as one of the most closely contested states in American politics, with statewide races frequently decided by small shares of the vote. A governor’s race margin can signal shifts in suburban and independent voter sentiment, shaping expectations for the state’s role in future national elections.
How Prediction Markets Frame the Margin
Rather than asking only who wins, this market isolates how decisively that winner prevails, breaking the outcome into specific vote-share bands. That structure lets traders express views on turnout patterns and polling error separately from the core partisan outcome. The result is a sharper read on whether Arizona’s governor race ends up a landslide or another nail-biter.
Related terms
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Democratic Party (United States) -
Republican Party (United States) -
Arizona -
Voter turnout -
Governor (United States) -
Swing state -
Katie Hobbs -
List of governors of Arizona
Total Volume
$62.4k
Kalshi $59.4k · Polymarket $3k
Leading Market
Hobbs, 2+ pts
Kalshi 84%
Hobbs, 2+ pts Volume
$10.8k
Kalshi $10.8k
Calculate Your Potential Return
| Market | Kalshi Yes | Kalshi Fee | Kalshi Payout | Polymarket Yes | Polymarket Fee | Polymarket Payout |
|---|---|---|---|---|---|---|
| Hobbs, 2+ pts | 89.0¢ | 7.0% |
|
— | — | — |
| Hobbs, 5+ pts | 74.0¢ | 7.0% |
|
— | — | — |
| Hobbs, 8+ pts | 53.0¢ | 7.0% |
|
— | — | — |
| Hobbs, 11+ pts | 34.0¢ | 7.0% |
|
— | — | — |
| Hobbs, 14+ pts | 19.0¢ | 7.0% |
|
— | — | — |
* Estimates if candidate wins. Actual returns may vary.
All Markets
Emerging News
Elections
Hobbs and Biggs face off in high-stakes Arizona governor’s race
PN Team • 1 month ago
Arizona's 2026 governor's race pits Democratic incumbent Katie Hobbs against Republican Rep. Andy Biggs, with Green Party candidate Risa Lombardo and No Labels candidate Teri Ann Hourihan also on the ballot. Hobbs, who defeated Kari Lake in 2022, is emphasizing tax cuts, medical debt relief, and a tougher stance on immigration, while distancing herself from some national Democratic positions. Biggs, a longtime Trump ally and former House Freedom Caucus chair who backed efforts to block certification of the 2020 election results, has Trump's endorsement and support from Turning Point Action. Both campaigns are trading attack ads over child-sex-abuse legislation records.
Republicans hold a voter registration edge, but low turnout and Trump's sagging approval ratings could favor Democrats, echoing 2018's "Blue Wave." For the first time, each candidate has a running mate for a newly created lieutenant governor post: Biggs chose state Sen. Sine Kerr, while Hobbs picked former Republican Mesa Mayor John Giles, now an independent, to court centrist voters.
Sources:
Sentiment
- Andy Biggs Biggs is tied to blocking 2020 election certification and attack ads, casting a somewhat negative light.
- Katie Hobbs Hobbs is portrayed as a pragmatic incumbent emphasizing tax cuts and debt relief while broadening appeal.
- Donald Trump Trump's endorsement is noted alongside his sagging approval ratings, a mixed but leaning negative mention.
- Arizona Arizona is the neutral setting for the race, described factually.
- Democratic Party (United States) Hobbs is distancing herself from national Democratic positions, a mild neutral-to-negative framing for the party.
- Independent politician Giles is noted as now independent, a neutral factual detail.
- Republican Party (United States) Republicans hold a registration edge but face headwinds from Trump's sagging approval, a mixed portrayal.
- United States House of Representatives Biggs' House role is mentioned factually with reference to controversial 2020 election certification stance.
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Elections
Arizona finalizes eight ballot measures for November election
PN Team • 2 months ago
Arizona's November general election ballot is set after a series of court rulings, with eight measures referred by the Republican-controlled Legislature going before voters. Two competing school voucher reform proposals were removed following Arizona Supreme Court decisions, leaving the Empowerment Scholarship Account program off this year's ballot. A separate challenge to Proposition 144's ballot description, over claims it was misleading, was rejected by the court.
The measures voters will decide include Proposition 141 (banning car mileage taxes), Proposition 142 (expanding anti-DEI restrictions in government and schools), Proposition 144 (voter ID and election administration rules), Proposition 316 (grocery tax restrictions), Proposition 317 (designating drug cartels as terrorist organizations), Proposition 318 (restricting transgender student athletes and bathroom access), Proposition 319 (requiring voter approval for photo-radar enforcement), and Proposition 320 (mandating minimum classroom spending by school districts). Gov. Katie Hobbs, a Democrat, cannot veto legislatively referred ballot measures, a dynamic that has shaped how Republican lawmakers advance policy in the state. Voters will receive additional informational pamphlets ahead of the election.
Sources:
Sentiment
- Arizona Arizona is the subject of routine, balanced reporting on its finalized ballot measures.
- Democratic Party (United States) Mentioned only as Governor Hobbs's party affiliation in a factual context about legislative dynamics.
- Katie Hobbs Hobbs is mentioned factually regarding her inability to veto legislatively referred measures, a neutral procedural note.
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Local & State
Arizona attorney general clears Gov. Katie Hobbs of criminal wrongdoing in pay-to-play probe
PN Team • 2 months ago
Arizona Attorney General Kris Mayes announced her office will not charge Gov. Katie Hobbs over allegations she traded a rate increase for a group home operator in exchange for political contributions. Sunshine Residential Homes gave $200,000 to the state Democratic Party before Hobbs' 2022 election, then $100,000 to her inaugural fund and another $100,000 to the party in 2023, before securing a 30% rate hike from the Department of Child Safety, raising its per-bed rate from $149 to $195. Mayes, a Democrat, said investigators found no evidence of the quid pro quo needed to support a bribery charge, concluding the increase stemmed from Sunshine's leverage as the state's largest foster-care bed provider—it threatened to shift beds to a more lucrative federal program—rather than political pressure. Hobbs denies involvement, and state officials say then-DCS Director David Lujan approved the increase independently.
Mayes still called for legislative reform on contractor donation transparency. A separate investigation by Republican Maricopa County Attorney Rachel Mitchell and the state auditor general continues, with no completion timeline. The controversy remains a campaign issue as Hobbs seeks reelection against Republican Rep. Andy Biggs.
Sentiment
- Katie Hobbs Though cleared of criminal charges, Hobbs remains tied to a pay-to-play controversy that continues as a campaign issue against her.
- Kris Mayes Mayes is portrayed as a diligent investigator who cleared Hobbs while still pushing for transparency reforms, reflecting positively on her credibility.
- Andy Biggs Mentioned as Hobbs' electoral opponent without direct involvement in the scandal.
- Arizona Arizona is the setting of the events, mentioned factually throughout.
- Republican Party (United States) Referenced only in identifying Rachel Mitchell and Andy Biggs' party affiliation, a neutral factual mention.
- United States House of Representatives Referenced only to identify Andy Biggs' current position, a neutral factual mention.
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Elections
Arizona GOP faces sharp TV ad deficit in governor’s race
PN Team • 2 months ago
Governor Katie Hobbs has spent more than $10 million on television advertising against Republican challenger Andy Biggs, who has yet to air a traditional TV campaign and remains largely confined to online and social media messaging. The gap has sparked frustration among Arizona Republicans, prompting state party Chair Sergio Arellano to address concerns in a newsletter, promising "more ads are on the way" while defending a digital-first strategy as fiscally conservative.
Former state party chair Gina Swoboda criticized the approach, arguing available funds should be spent now rather than held back, warning that even loyal Republican voters are being saturated with Democratic messaging. Arellano said the newsletter responded to grassroots frustration over what he called one-sided media coverage of Hobbs. Biggs is expected to get a seven-figure ad buy soon, though it would still trail Hobbs' spending significantly. Analysts note the imbalance risks letting Hobbs define Biggs to voters before he can respond.
Sources:
Sentiment
- Andy Biggs Biggs is shown lagging significantly in campaign advertising and at risk of being defined negatively by his opponent before responding.
- Katie Hobbs Hobbs is portrayed as strategically ahead with a well-funded, effective advertising campaign.
- Republican Party (United States) Republicans are portrayed as internally frustrated and outmaneuvered in advertising strategy, a mildly unfavorable depiction.
- Democratic Party (United States) The Democratic Party is mentioned mainly as the source of dominant campaign messaging, a neutral factual reference.
- Arizona Arizona is the factual setting of the gubernatorial race without independent reputational framing.
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Elections
Hobbs and Biggs trade accusations of protecting pedophiles in Arizona governor’s race
PN Team • 2 months ago
The Arizona governor's race turned sharply negative this week as incumbent Democrat Katie Hobbs and Republican challenger Andy Biggs each released attack ads accusing the other of protecting pedophiles, with early voting set to begin in about a month.
Hobbs' campaign targeted Biggs over a 2013 decision, made while he led the State Senate, to block legislation cracking down on child abuse tied to a polygamist sect in Colorado City. Biggs says he killed the bill because it was poorly drafted, though some Republican colleagues criticized the move at the time. Biggs countered with an ad accusing Hobbs of vetoing multiple bills that would have imposed tougher penalties on sex offenders; Hobbs has said existing laws were already adequate and that one bill was drafted so broadly it could have banned shows like South Park.
Political analysts called the exchange unusually vicious, warning it distracts from pressing issues like water supply and cost of living. Hobbs holds a significant fundraising advantage, backing her ad with a multi-million dollar buy compared to Biggs' weekly ad budget of up to $250,000.
Sources:
Sentiment
- Andy Biggs Biggs is accused of blocking child abuse legislation tied to a polygamist sect, a serious and damaging allegation despite his defense.
- Katie Hobbs Hobbs is accused of vetoing bills meant to toughen penalties on sex offenders, a reputationally damaging claim despite her fundraising advantage.
- Democratic Party (United States) Hobbs, as a Democrat, is embroiled in a mutual mudslinging accusation involving child abuse allegations, reflecting negatively on the party by association.
- Republican Party (United States) Biggs, as a Republican, is accused of blocking anti-child-abuse legislation, casting a negative light on the party by association.
- Colorado Colorado City, referenced in connection with a polygamist sect's child abuse case, is mentioned only tangentially and factually.
- Arizona Arizona is the setting of the gubernatorial race and its associated negative campaign, but the state itself is not portrayed favorably or unfavorably.
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Elections
Arizona Group Home Operator Faces No Penalties Over Diabetic Boy’s Death Amid Pay-to-Play Scandal
PN Team • 2 months ago
Jakob Blodgett, a 9-year-old with Type 1 diabetes, died in 2022 after staff at an Arizona group home run by Sunshine Residential Homes missed two doses of his long-lasting insulin and told an employee to give him water instead of medication. He developed brain swelling and died on a ventilator. Despite a licensing violation from the Department of Child Safety, the state imposed no fines, suspension, or license revocation, and no criminal charges have been filed, though a sheriff's investigation continues.
The case has become entangled in Arizona politics ahead of Gov. Katie Hobbs' reelection bid. Sunshine, the state's largest group home provider, made $550,000 in political contributions benefiting Hobbs, including gifts to her inaugural and legal defense funds, before receiving a 30% rate increase. Attorney General Kris Mayes found no evidence of bribery, attributing the increase to Sunshine's leverage as a dominant provider. Republican challenger Andy Biggs has seized on the scandal, while a state auditor general investigation and a county attorney probe remain ongoing. A separate diabetic teen died at another Arizona group home in 2024.
Sources:
Sentiment
- Katie Hobbs Hobbs is directly implicated in a pay-to-play scandal involving large donations from the group home operator followed by a favorable rate increase, damaging her reputation ahead of reelection.
- Andy Biggs Biggs is portrayed as a political challenger seizing on the scandal to criticize his opponent, casting him in a proactive, favorable light relative to the controversy.
- Arizona Arizona's state agencies failed to penalize the group home operator despite a child's death, reflecting poorly on state oversight and governance.
- Kris Mayes Mayes cleared the arrangement of bribery but the finding appears to gloss over apparent conflicts, giving a mildly negative or unresolved tint to her credibility.
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Elections
Arizona Legislature Control at Stake in 2026 Elections
PN Team • 24 hours ago
Arizona Democrats say they are "cautiously optimistic" about flipping the state Legislature, where Republicans currently hold narrow majorities in both the Senate (17-13) and House (33-27). House Minority Leader Oscar De Los Santos points to a cost-of-living backlash against Republican policies as a key factor, while Senate Pro Tempore T.J. Shope says the GOP's candidates and messaging will hold the majority. Every seat in both chambers is up for election, but only a handful of districts are genuinely competitive. If Democrats win both chambers alongside Gov. Katie Hobbs's re-election, it would end years of divided government and Hobbs's record pace of vetoes.
Sources:
Sentiment
- Democratic Party (United States) Portrayed as cautiously optimistic and citing cost-of-living backlash as an advantage.
- Katie Hobbs Mentioned neutrally as seeking re-election, linked to a record pace of vetoes amid divided government.
- Republican Party (United States) Noted as holding narrow majorities but facing backlash over policies and messaging challenges.
- Arizona Setting for a balanced political contest with no favorable or unfavorable portrayal of the state itself.
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Education
Arizona Voters Give Poor Marks to Public Schools, Back ESAs, in New Poll
PN Team • 3 weeks ago
A new poll shared with The Daily Signal by the League of American Workers finds nearly 80% of Arizona voters hold an unfavorable view of public education in the state, a rare point of agreement across party lines. A majority of respondents, including 67.2% of Democrats, say taxpayers are getting a poor return on public education spending, and only a quarter of Arizona eighth graders are proficient in reading. Despite that dissatisfaction, voters favor the state's Empowerment Scholarship Account program, which funds private-school tuition, by roughly 16 points.
The same survey, conducted October 3-6 among 1,513 likely voters, shows Democratic Gov. Katie Hobbs leading Republican Rep. Andy Biggs 48.9% to 43.2% in the governor's race, though both candidates have weak favorability. Hobbs' veto of a ban on sex-transition procedures for minors appears to be a net negative for her. The poll also found strong support for immigration enforcement cooperation, skepticism toward mass migration and China, a clear preference for capitalism over socialism, and continued concern over personal finances under the Trump administration.
Sources:
Sentiment
- Katie Hobbs Hobbs leads in the poll but her veto of a ban on sex-transition procedures for minors is described as a net negative for her favorability.
- Arizona Arizona is portrayed negatively regarding public education outcomes, though this reflects on policy rather than the state's reputation broadly.
- Democratic Party (United States) Democrats are noted as largely sharing dissatisfaction with public education, a mild negative given their traditional association with public schooling policy.
- United States The U.S. is mentioned in context of personal finance concerns under the current administration, a mild negative tangential reference.
- Andy Biggs Biggs trails in the poll but is not otherwise criticized, making this a neutral factual mention.
- Republican Party (United States) Republicans are mentioned mainly through candidate Andy Biggs without strong independent characterization.
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Elections
Mayes and Petersen clash in Arizona attorney general debate
PN Team • 1 month ago
Arizona's attorney general race is heating up as Democratic incumbent Kris Mayes and Republican challenger Warren Petersen, the state Senate president, faced off in their first televised debate. Mayes, who narrowly defeated Abe Hamadeh by 280 votes in 2022 in a recount-triggering finish, is seeking a second term against Petersen, who won the GOP nomination in July over Rodney Glassman.
The debate turned combative over law enforcement, with Petersen citing Mayes' past comments about masked immigration agents, which drew criticism from police groups and Gov. Katie Hobbs, while Mayes countered by pointing to Petersen's legislative voting record on police-related bills. The candidates also clashed over immigration detention facilities, including a $1.2 billion federally funded expansion in Florence, ICE's role in Arizona, and how to handle young migrants brought to the country as children. They split over data centers, with Petersen favoring expansion under local control and Mayes urging caution. Their sharpest divide remains relations with Washington: Mayes has filed more than 50 lawsuits against the Trump administration over mail-in ballot restrictions, tariffs, and vaccine rules, while Petersen, a strong Trump supporter, has pledged to drop those challenges if elected. Polling from AARP and Noble Predictive Insights shows Mayes with a modest lead, with about one in five voters still undecided.
Sources:
Sentiment
- Katie Hobbs Hobbs is noted as criticizing Mayes' comments, a minor tangential mention with slight negative context.
- Kris Mayes Mayes is portrayed as a strong, active incumbent with a polling lead, though facing some criticism over past comments.
- Washington (state) Washington is referenced as the source of federal policies Mayes has fought against, a mildly negative context.
- Democratic Party (United States) Mentioned only as the party affiliation of incumbent Mayes without further characterization.
- Law enforcement Police groups' criticism of Mayes is mentioned, a mild negative but tangential reference.
- Republican Party (United States) Mentioned as Petersen's party without additional reputational framing.
- Warren Petersen Petersen is depicted as a competitive challenger with clear policy positions, balanced by some contentious debate exchanges.
- Arizona Arizona is the factual setting for the political race without reputational implication.
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Elections
Arizona Poll Shows Democrats Leading Statewide Races
PN Team • 3 days ago
A new HighGround poll shows Democrats ahead in Arizona's top statewide races one week before Election Day. Gov. Katie Hobbs leads Republican Andy Biggs, Democrat Adrian Fontes leads Republican Alexander Kolodin for secretary of state, and Democrat Kris Mayes leads Republican Warren Petersen for attorney general. The results are notable in a state where registered Republicans outnumber Democrats by roughly 300,000 voters.
Leading GOP candidates have embraced or been endorsed by President Donald Trump, which helped in primaries but appears to be a drag in the general election as Trump's approval rating has slipped. Analysts note undecided voters remain limited, though races could still tighten before polls close.
Sources:
Sentiment
- Democratic Party (United States) Poll shows Democratic candidates leading in multiple statewide races.
- Donald Trump His endorsement and slipping approval are cited as a drag on GOP candidates.
- Katie Hobbs Shown leading her reelection race in the poll.
- Adrian Fontes Shown leading his race for secretary of state in the poll.
- Kris Mayes Leading her race for attorney general according to the poll.
- Republican Party (United States) Republican candidates are trailing and described as weighed down by Trump's slipping approval.
- Andy Biggs Trailing in the gubernatorial race per the poll results.
- Warren Petersen Trailing in the attorney general race per the poll.
- Alexander Kolodin Described as trailing his Democratic opponent in the poll.
- Arizona Factual description of the state's political landscape and voter registration gap.
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Arizona Governor Race 2026: Who Will Win
Leading:
90.5%
Katie Hobbs
Vol $14.2m
Arizona Governor Race: Margin of Victory
Leading:
14%
Democrat 12-15%
Vol $37.13
Arizona Governor Election: Will Voter Turnout Cross Key Thresholds
Leading:
99%
Above 2M
Vol $36.42
Arizona Secretary of State Election: Who Will Win in 2026
Leading:
85%
Adrian Fontes
Vol $3.6k
How Many House Seats Will Democrats Win in Arizona in 2026?
Leading:
48.5%
5
Vol $602.95
Nevada Governor Race: Margin of Victory
Leading:
67%
Ford, 1+ pts
Vol $17.2k
New Hampshire Governor Race: Margin of Victory
Leading:
90.3%
Ayotte, 2+ pts
Vol $3.4k
Arizona’s 8th Congressional District House Race Winner
Leading:
87%
Abe Hamadeh
Vol $6.6k