Elections Intelligence

Minnesota Governor

OPEN SEATLikely D

Tim Walz (D) has held this seat since 2019 and is not running.

Amy Klobuchar Open-seat nominee
94.9¢
Party market · checked 2:09 PM ETView on Kalshi ↗
5.4¢
Lisa Demuth Open-seat nominee

FTP Race Signal

FTP Race SignalA composite of market, polling and money. The prediction-market price anchors it; a polling average moves it: the last 30 days, or the three most recent pollsters when fewer polled. Polls paid for by a candidate, party or allied group move 2 points toward the other side and count half. When the three most recent independent pollsters each have the race within three points, it is a Toss-up unless the market is already decisive. Fundraising counts only at a five-to-one gap. Past results are context, not inputs. A rating changes only when the evidence clears the line.

The market has run well past this seat's history: an 8-point Democratic hold in 2022, priced at 94.9¢ today.

Likely D
Safe DLikely DLean DToss-upLean RLikely RSafe R
Market · Likely DD 94.9¢: traders' price for a Democratic hold. Prior result · Lean DD+7.66 in 2022. Polling · Lean DD+6 (average of 3 pollsters, Oct 7).

Market and polls both favor Klobuchar.

As of October 12.

Market

BandPRICEToss-up50¢ to 65¢Lean65¢ to 82¢Likely82¢ to 95¢Safe95¢ and above
D 94.9¢

Kalshi party market · checked 2:09 PM ET

View market on Kalshi ↗

Polling

BandPOINTSToss-up0 to 5Lean5 to 10Likely10 to 20Safe20 and above
D+6
Morning Consult ↗ C- Oct 2 to 7 · n=1,000 RV D+9 Independent
co/efficient ↗ B Sep 14 to 15 · n=833 LV D+2 R-leaning firm
SurveyUSA ↗ A+ Sep 9 to 14 · n=654 LV D+7 Independent

Average of the latest poll from each of 3 pollsters in the last 30 days.

Earlier polls · 5
TIPP ↗ A+ Aug 31 to Sep 2 · n=1,201 LV D+9.6 Independent
SurveyUSA ↗ A+ Aug 13 to 17 · n=661 LV D+15 Independent
Mason-Dixon ↗ A Jun 8 to 10 · n=800 RV D+8 Independent
Emerson College ↗ A+ Feb 6 to 8 · n=1,000 LV D+13 Independent
SurveyUSA ↗ A+ Jan 27 to 30 · n=575 RV D+15 Independent

Prior result

BandPOINTSToss-up0 to 5Lean5 to 12Likely12 to 25Safe25 and above
D+7.7

Tim Walz (D)

52.3% to 44.6% · 2022 general election

def. Scott Jensen (R). Margin verified against retrieved official results.

Fundraising

BandRATIO TO 1Parity1 to 5Lean5 and above
4.3 to 1

Raised · thru Sep 15

Amy Klobuchar$13.33M ↗$3.52M cash
Lisa Demuth$3.10M ↗$618.1K cash

Total receipts, as filed through September 15, 2026.

The general election is on November 3, which is 22 days away.