Aly Richards leads the Vermont Democratic primary for governor with strong trader support ahead of the August 11 vote, reflecting endorsements from key labor and advocacy groups plus perceptions of superior campaign organization and fundraising momentum. Amanda Janoo trails but remains competitive, buoyed by recent University of New Hampshire polling that showed her ahead amid widespread undecided voters and low overall name recognition in a low-turnout summer primary. Minor candidates Mike Pieciak, Esther Charlestin, and Charity Clark register negligible backing, consistent with limited visibility and resources. A late July debate between the frontrunners highlighted policy differences but has not shifted the market’s assessment of Richards’ path to the nomination against Republican incumbent Phil Scott in November. High undecided shares in surveys leave room for last-minute swings before ballots are cast.