**Jan Liggett holds a narrow lead at 44.5% in trader pricing for the Cambridge, Ontario mayoral contest, followed by city councillor Scott Hamilton at 34% and business owner Ryan Bolender at 23%, with the remaining candidates at 3% or less and Other at 50%.** The race remains closely contested because the field narrowed only in the final days before the August 21 nomination deadline, when two entrants withdrew, leaving five certified candidates as of the August 24 certification. Liggett, the incumbent first elected in 2022 after defeating the previous mayor by roughly 1,100 votes, faces a direct challenge from Hamilton, who filed earliest and highlights council stability and resident outreach, while Bolender positions himself around fiscal restraint, core-service improvements, and economic growth amid perceptions of division at city hall. With no public polling released and the October 26 election still two months away, traders appear to view the contest as open pending campaign forums, fundraising, and voter outreach that could consolidate support among the three main contenders.