NM-03 House 2026
- Polymarket
- 96.6%
- Kalshi
- 95.7%
- Spread
- 0.9 pts
- 24h
- –
- 7 days
- −0.1
- Updated
- Oct 16, 2026, 1:45 PM ET
Teresa Leger Fernández, last 60 days
How to read this chart
The green line is the TruthIndex™, the chance of this outcome. It combines the prices on both venues and gives more weight to the venue with more money in its order book. The two thinner lines are Polymarket's and Kalshi's own prices, and the grey band between them shows how far apart the two venues are.
The pale bands behind the lines are the rating zones (Toss-up, Lean, Likely and Safe), so you can see when the race moved from one rating to another. Move along the chart, or use the arrow keys, to read the values for each day.
More in MethodologyAll outcomes
| Outcome | TruthIndex™ | Polymarket | Kalshi | Spread | 24h | |
|---|---|---|---|---|---|---|
| DTeresa Leger Fernández | 96.4% | 96.6% | 95.7% | 0.9 pts | – | |
| RMartin Zamora | 3.1% | 2.9% | 3.4% | 0.5 pts | – |
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Candidates & Background
Martin Zamora
Martin Zamora, a Republican farmer who has represented the 63rd district in the New Mexico House of Representatives since 2019, faces Democratic incumbent Teresa Leger Fernández for New Mexico's 3rd congressional district in 2026.
Teresa Leger Fernández
Teresa Leger Fernández, a Democrat and attorney who has represented New Mexico's 3rd congressional district since 2021, seeks re-election in 2026 against Republican state representative Martin Zamora.
Margin of victory
Each venue's margin market, shown on its own: the two venues set their ranges differently.
Kalshi949 contracts
New Mexico's 3rd District margin of victory
| Fernández, 6+ pts | 89.2% | |
| Fernández, 9+ pts | 81.5% | |
| Fernández, 12+ pts | 72.5% | |
| Fernández, 15+ pts | 65.5% | |
| Fernández, 18+ pts | 54.5% | |
| Fernández, 21+ pts | 43.5% | |
| Fernández, 24+ pts | 32.5% | |
| Fernández, 27+ pts | 21.5% | |
| Fernández, 30+ pts | 10.8% |
Polymarket$9.5K traded
NM-03 House Election Margin of Victory
| Republican Wins | 0.5% | |
| Democrat 0-5% | 4.3% | |
| Democrat 5-10% | 4.4% | |
| Democrat 10-15% | 4.1% | |
| Democrat 15-20% | 21.0% | |
| Democrat 20-25% | 29.9% | |
| Democrat 25-30% | 22.5% | |
| Democrat 30-35% | 3.6% | |
| Democrat 35%+ | 4.0% |
Each venue's market
Polymarket$53.7K traded
Prices which party wins.
Teresa Leger Fernández: Counted · bid 96.0% / ask 97.3% · $2.3K within 5 pts
This market will resolve according to the party of the candidate who wins the NM-03 congressional district seat in the U.S. House of Representatives in the 2026 midterm elections. The midterm elections will take place on November 3, 2026. A candidate's party will be determined by their ballot-listed or otherwise identifiable affiliation with that party at the time all of the 2026 House elections are conclusively called by this market's resolution sources. A candidate without a ballot-listed affiliation to either the Democrat or Republican parties will be considered a member of one of these parties based on the party with which they most recently expressed their intent to caucus at the time all of the House elections are conclusively called by this market's resolution sources. This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the United States government, specifically the Federal Election Commission (https://www.fec.gov/).
Full rules on PolymarketKalshi7.1K contracts traded
Prices which party wins.
Teresa Leger Fernández: Counted · bid 94.3% / ask 97.1% · $775 within 5 pts
Contract shown: Teresa Leger Fernández
If the House member sworn in for NM-03 for the term beginning in 2027 is a member of the Democratic Party, then the market resolves to Yes.
This market is eligible for accelerated determination after a consensus of media organizations project the winner. See full rules for details.
Also in New Mexico
- New Mexico SenateD97%
- New Mexico GovernorD94%
- NM-01 HouseD97%
- NM-02 HouseD91%