Tom Suozzi holds a strong position in the NY-03 House race as the Democratic incumbent seeking reelection on November 3, 2026, against Republican challenger Mike LiPetri. Traders price Suozzi at 89.5% and LiPetri at 10% based on the incumbent’s prior 2024 victory in the district, substantial fundraising edge exceeding $5 million compared to LiPetri’s roughly $1.7 million, and established name recognition across Nassau and Queens counties. Both candidates secured their party nominations decisively in the June 2026 primaries. The race remains competitive given the district’s narrow 2024 presidential margin favoring Republicans, though independent forecasts and prediction market consensus reflect Suozzi’s structural advantages in voter registration and campaign resources heading into the final weeks.