Gavin Newsom's Democratic Presidential Nomination Prospects Sink as AOC Emerges as Frontrunner on Crypto Prediction Market

Rep. Alexandria Ocasio-Cortez (D-N.Y.) has overtaken Gov. Gavin Newsom (D-Calif.) as the leading candidate for the 2028 Democratic presidential nomination on a cryptocurrency prediction market.AOC Edges Past NewsomPolymarket, a Polygon based prediction platform, currently assigns a 22% chance that Ocasio-Cortez wins and accepts the Democratic Party nomination for president. The odds are at an all-time high, up 3 percentage points over the last 24 hours and 7 percentage points over the week.Newsom ranked second with 17% odds, down 3 percentage points over the past month and well below his January peak of 40%.Cryptocurrency punters also priced in a 7% chance that Kamala Harris, the Democratic nominee in 2024, would win the 2028 nomination as well.Over $1 billion has been wagered on the outcome, making it one of Polymarket’s top draws.50-50 on KalshiInterestingly, Ocasio-Cortez was tied with Newsom on Kalshi at 17%.Ocasio-Cortez, the youngest woman ever elected to Congress, signaled earlier in May that while emphasizing that her political goals extended beyond seeking higher office.Disclaimer: Kalshi and Benzinga have an existing data collaboration agreement. Read Also: Fierce Trump CriticsBoth Democrats have been vocal critics of President Donald Trump.Ocasio-Cortez to suppress dissent and pressure Americans into self-censorship.Newsom has repeatedly criticized Trump, calling him “one of the most destructive presidents and human beings in my lifetime."He has also taken on Trump for the administration’s anti-EV stance and for allowing China to take the lead in the EV industry.Trump, on the other hand, has called both AOC and Newsom an “embarrassment” to America. Read Also: Nate Silver's New Election Model Makes Democrats Favorites to Flip Senate—Prediction Markets Aren't so Sure Photo courtesy: Sheila Fitzgerald / Shutterstock