Billionaire Rick Caruso Endorses Karen Bass in Los Angeles Mayoral Race Hot: Odds moved 10 points in 24 hours

The story so far

2 publishers have covered this in 2 articles since 27 Oct 2026. Bloomberg.com published first, on 27 October at 00:32 UTC; Variety followed 14h 57m later. The most recent article, from Variety, appeared on 27 October at 15:30 UTC.

Outlets reporting it: Bloomberg.com (major outlet), Variety (major outlet).

3 prediction markets price this story:

• Nithya Raman, ≥2% — the market puts it at 50%, closing 3 Nov 2027. The outcome is Yes if Nithya Raman wins the 2026 Los Angeles mayoral election by a margin of at least 2%. The outcome is No if she loses or wins by less than 2%. Readers often mistake the linked poll results for the final election result.
• Karen Bass, ≥2% — the market puts it at 30%, with $18 traded in the last 24 hours, closing 3 Nov 2027. The market resolves to Yes if Karen Bass wins the 2026 Los Angeles mayoral election by a margin of at least 2% but less than 100%. The outcome depends solely on the official results of that specific election. Readers often mistake the linked news story about her apology for the resolution criteria, but only the final vote count matters.
• Nithya Raman — the market puts it at 11%, with $59 traded in the last 24 hours, closing 3 Nov 2026. The market resolves to Yes if Bernie Sanders publicly endorses Nithya Raman for the 2026 Los Angeles mayoral race before November 3, 2026. Otherwise, it resolves to No. Readers often mistake the linked story’s mention of independence as a resolution factor, but only a public endorsement by Sanders counts.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.