Spencer Pratt finished third in the June 2, 2026 Los Angeles mayoral primary behind Karen Bass and Nithya Raman after late ballot counting shifted results. Traders assign an 86% implied probability that Pratt will not formally request a first-round recount by the July 2 deadline, citing his June 12–13 video concession that described the campaign phase as ending while focusing criticism on the runoff candidates rather than challenging vote totals or procedures. Reports indicate Pratt views a recount as futile and costly, and no official statements, filings, or campaign actions have signaled otherwise. External claims of irregularities have not prompted Pratt to pursue legal or administrative remedies, aligning with the market's assessment of low likelihood for a recount demand.