The Latest Breaking News from Ken Griffin

Ken Griffin said he was “all in” to beat Gov. J.B. Pritzker, but after Griffin’s chosen candidate Richard Irvin lost the GOP primary, the hedge-fund billionaire is out. And Republican nominee Darren Bailey is struggling to win over others who supported his vanquished rival, WBEZ and the Chicago…

Ald. Matt Martin’s proposal calls for providing a 6-to-1 public match — up to $3.6 million for mayoral candidates, $180,000 for candidates for city clerk and city treasurer and $150,000 for City Council candidates.

Richard Uihlein, another billionaire GOP megadonor, saw much better returns for his buy-in to state Sen. Darren Bailey’s winning campaign, at a rate of about $38 per vote.

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

It’s unclear if Griffin will continue his heavy spending in Illinois politics after he and his Citadel hedge fund have packed up and left for Miami. But what was obvious was that his latest big bet on elections in this state was a big failure, up and down the ballot.

With Darren Bailey’s nomination as the Republican candidate for governor to challenge Democratic Gov. J.B. Pritzker, Illinois voters will have a choice for state chief executive this fall between candidates representing the opposites of a chasmic political ideological divide.

Citadel Securities founder Ken Griffin's $50 million bet on a candidate in the Republican gubernatorial primary in Illinois has not paid off.

Despite a money disadvantage, the man who helped undo Gov. Pritzker’s COVID mask mandate will be the Republican nominee to face Kwame Raoul.

The winner of the primary will determine whether the state GOP continues as a center-right party in Illinois or gets recast as a subsidiary of former President Donald Trump.