Kalshi runs a real-money market on this question. Norynta mirrors it with play credits: it opened at the Kalshi price and settles exactly as that market does. Players and a labelled market tracker move the price from there. Think the crowd is wrong? Trade against it.
If Gavin Newsom has announced that he will run for President of the United States in 2028 before Jan 1, 2027, including running for the nomination of any political party to contest that office, then the market resolves to Yes. The person must publicly announce their campaign for it to be reported by a Source Agency. Merely filing campaign paperwork with the Federal Election Commission or similar entity is insufficient without a public announcement. The announcement must be for the specific office and election year listed. Exploratory committees or statements of interest without formal campaign announcements do not qualify. Running for a party's nomination to contest the office counts as running for that office. The announcement must come from the person themselves or their official campaign, not from speculation or third-party sources. Resolution: this play-money market resolves to the same result as the official Kalshi market settlement, linked as this market's resolution source. Observation time: the source market's final settlement after trading closes at 2027-01-01T15:00:00Z (UTC). If the source market is voided, cancelled, or its result is unavailable or ambiguous, this market is voided and positions are refunded.
Forecasts and play credits have no cash value. At resolution each winning share pays 1 play credit and your calibration record updates.