Tim Walz, Minnesota’s governor since 2019, withdrew from the 2026 reelection race in January amid Republican criticism over oversight failures in state-funded social services programs, including a large-scale fraud investigation that prompted federal scrutiny. He has repeatedly stated his intent to complete the remainder of his term, which concludes in January 2027, and has continued signing legislation, making judicial appointments, and advancing policy priorities through mid-2026. Republican lawmakers have maintained calls for earlier resignation tied to the scandal’s fallout, while no new major probes or electoral pressures have emerged in recent months. Trader sentiment on a resignation market therefore hinges on whether ongoing investigations, legislative dynamics, or external political events before the term’s end alter his publicly stated plans to serve out his tenure.