Republican Spencer Pratt appears poised to keep his political run alive.
According to early returns and election projections on Wednesday morning, Pratt is projected to advance to a November runoff against incumbent Democratic Los Angeles Mayor Karen Bass.
The race is not yet officially settled because California’s notoriously slow vote-counting process means ballots are still being tabulated.
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However, multiple reports predict Bass and Pratt are the clear favorites to advance.
CNBC cited prediction market activity on Wednesday morning:
Traders are fairly certain Bass will make it to the second round, giving her 93% odds. Bass has consistently led in public polls of the race, though has been well short of the 50% mark for an outright win in the first round. Pratt has about a three-in-four chance of advancing, according to traders.
City Councilmember Nithya Raman is also challenging the incumbent. Raman has a 28% chance of advancing to the
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