Elections Intelligence

California 49th District

DEFENDED SEAT
LIKELY D
Mike Levin Democratic · Incumbent
KALSHI PARTY MARKETCHECKED Aug 27
DEMOCRAT 96¢5.3¢
View market on Kalshi ↗
Armen Kurdian Republican · Challenger
FTP RACE SIGNAL

The market has run well past this seat's history — a 4-point Democratic hold in 2024, priced at 96¢ today.

Likely D
SAFE DLIKELY DLEAN DTOSS-UPLEAN RLIKELY RSAFE R
Market · Safe DD 96¢ — traders' price for a Democratic hold. Fundraising · Lean DD 53.82-to-1 in receipts. Prior result · Toss-upD+4.35 in 2024. Polling · Toss-upD+2 — Lake Research, Jul 27.
Signal clarityLow — market and prior disagreeas of 2026-08-27
The market moved 3¢ toward the Republican in the last 7 days.
MARKET BandPRICEToss-up50–65¢Lean65–82¢Likely82–95¢Safe95¢ and above
D 96¢

Kalshi party market · checked Aug 27

View market on Kalshi ↗
POLLING BandPOINTSToss-up0–5Lean5–10Likely10–20Safe20 and above
D+2
Lake Research ↗ B+ Jul 9 - 14 · n=500 LV D+2 D SPONSOR
PRIOR RESULT BandPOINTSToss-up0–5Lean5–12Likely12–25Safe25 and above
D+4.35

Mike Levin (D)

52.17 — 47.83 · 2024 general election

def. Matt Gunderson (R). Margin verified against retrieved official results.

FUNDRAISING BandRATIO TO 1Parity1–5Lean5 and above
D 53.82 to 1
Mike Levin$3.16M
Armen Kurdian$58.8K

PULLED 08-04 · PERIOD 06-30 · FEC

Total receipts this cycle.

BALLOT & DATES Top-two primary 06-02 · HELDGeneral Nov 3, 2026 Top-two field settled · both advancers on the November ballot COMPARE THE CANDIDATES ⇄