Gavin Newsom's Democratic Presidential Nomination Prospects Sink as AOC Emerges as Frontrunner on Crypto

Rep. Alexandria Ocasio-Cortez (D-N.Y.) has overtaken Gov. Gavin Newsom (D-Calif.) as the leading candidate for the 2028 Democratic presidential nomination on a cryptocurrency prediction market.

AOC Edges Past Newsom

Polymarket, a Polygon (CRYPTO: POL) based prediction platform, currently assigns a 22% chance that Ocasio-Cortez wins and accepts the Democratic Party nomination for president. The odds are at an all-time high, up 3 percentage points over the last 24 hours and 7 percentage points over the week.

Newsom ranked second with 17% odds, down 3 percentage points over the past month and well below his January peak of 40%.

Cryptocurrency punters also priced in a 7% chance that Kamala Harris, the Democratic nominee in 2024, would win the 2028 nomination as well.