Five Smart Money Betting $36,800 on 'Will Spencer Pratt Win the 2026 Los Angeles Mayoral Election' to Vote 'No'

According to PolyBeats monitoring, on the prediction market Polymarket, 5 smart money have invested $36.8k in "Will Spencer Pratt win the 2026 Los Angeles Mayoral Election?" with an average buy probability of 73.3%. Currently, the "yes" probability is 24.5%.

0x1fee90f3 invested $12.5k, with the top-related category being Politics, with a net profit of $73.9k. It has a win rate of 18/28 (64%) out of 28 settled trades in this category, with 7 trades where the buy price was less than $0.8 and the sell price was greater than $0.95.
0xc6dd7225 invested $9.4k, with the top-related category being Politics, with a net profit of $93.6k. It has a win rate of 271/401 (68%) out of 401 settled trades in this category, with 60 trades where the buy price was less than $0.8 and the sell price was greater than $0.95.
0xa30e4513 invested $9.8k, with the top-related category being Politics, with a net profit of $18.7k. It has a win rate of 14/17 (82%) out of 17 settled trades in this category, with 0 trades where the buy price was less than $0.8 and the sell price was greater than $0.95.
pup1 invested $3k, with the top-related category being Politics, with a net profit of $95.3k.
foodenjoyer invested $2.1k, with the top-related category being Politics, with a net profit of $541k.

The Los Angeles Mayoral Election is a nonpartisan election, with the primary election scheduled for June 2nd. According to the Los Angeles City election schedule, if no candidate receives over 50% of the vote in the June primary, the top two vote-getters will advance to the municipal runoff on November 3rd.

Incumbent Mayor Karen Bass is seeking reelection, challenged by 13 candidates. An LAist voter guide states that the Los Angeles Mayor oversees the municipal machinery of America's second-largest city, with an annual city budget of around $14 billion. Key issues in this election include homelessness, post-Palisades fire recovery, public safety, housing, LAPD staffing, and preparations for the 2028 Olympics.

On the 13th, the Los Angeles Times reported that a Emerson College / Inside California Politics poll showed Karen Bass leading with 30%, Spencer Pratt at 22%, and Councilmember Nithya Raman at 20%. Factoring in undecided voters' leanings, Bass rises to 35%, Raman at 23.3%, and Pratt at 22.9%.

Today, Trump told reporters he hopes Spencer Pratt performs well, stating, "I hear he's a very MAGA person"; however, USC/UC Berkeley political communications professor Dan Schnur mentioned that Los Angeles is a bluer city than California and while Pratt doesn't have a party label on the ballot, "the more voters know that Trump supports him, the harder it will be for him to break through the Republican conservative base."

Note: Based on their past trading behavior, it is determined that these traders are not betting on the actual event outcome but engage in profit-taking and stop-loss actions after opening positions at a certain time.

Accounts:
0x1fee90f352fd362ea4bf13c6ed7cdd83a4d2ed5e
0xc6dd722558dbfbd8fa780efcbe819ed8c6604b9f
0xa30e451354cb41cfd46689a065defed989ea49d5
0x54b56146656e7eef9da02b3a030c18e06e924b31
0x7b02b2bac2a30ed5e40b7094e734f4c3dc2a4991

Total Investment: $36.8k
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