This market will resolve according to the election or referendum won by Democrats with the highest margin of victory compared to the other listed events, all scheduled for November 4, 2025: - Virginia Governor election - Virginia House of Delegates election - New Jersey Governor election - New York City Mayor election - California referendum “Proposition 50” If the results of any of these elections are not confirmed by July 31, 2026, this market will be resolved according to the results published thus far. The primary resolution source for this market will be a consensus of credible reporting; however, if there is any ambiguity in the results, this market will resolve according to official election authority sources conducting the election.