Kamala Harris’ decision not to enter the governor’s race is an immense victory for her would-be Democratic opponents, unlocking troves of donors who had been waiting for her announcement and voters who almost universally know the former vice president.

Former Vice President Kamala Harris says she will not run for California governor next year, leaving open the possibility that she could mount a third run for the White House in 2028.

The odds-on Kamala Harris becoming the next president have improved sharply from 50/1 (2 percent) to 25/1 (3.8 percent) among one bookmaker after the former vice president announced on Wednesday that she won't be running to be the next governor of California in 2026.