If Eric Swalwell finishes in 1st place in the 2026 California Governor primary election, then the market resolves to Yes. Outcome verified from official election authority responsible for certifying results in geography.

Ranking is determined by the specified counting method. For plurality voting: rank is based on vote count or percentage. For ranked choice voting: rank is determined by elimination order (runner-up is eliminated in final round for second place). For two-round systems: rank is based on final round results if it proceeds to second round, otherwise first-round totals. For proportional representation: rank follows the electoral authority's final seat allocation order. In case of exact ties, markets resolve proportionally (1/number of tied entities). Write-in candidates achieving the specified rank resolve all named candidate markets to No unless a specific "Write-in" or "Other" option exists. Candidates who withdraw or are disqualified after the filing deadline but remain on the ballot are ranked based on votes received. If the election is cancelled or postponed beyond expiration, all markets resolve to No.

Note: this event is mutually exclusive.