Incumbent Karen Bass leads the June 2 nonpartisan primary for Los Angeles mayor while City Councilmember Nithya Raman has secured second place after overtaking Spencer Pratt in ongoing mail-ballot counts. With over 90 percent of votes tabulated, official projections from multiple outlets confirm Bass and Raman will advance to the November runoff. Raman's late surge in remaining ballots, driven by stronger performance among progressive and Democratic-leaning voters, established the current trader consensus reflected in the market pricing. Late-arriving ballots or an unforeseen recount could theoretically alter the exact ordering, though historical patterns in California municipal elections make such reversals improbable at this stage of tabulation.