TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 2, 8:00 PM EST
Polymarket
This market tracks how many of South Korea's upper-level mayoral and gubernatorial seats the Democratic Party will capture in the 2026 local elections. On Polymarket, the leading outcome—that the DP wins 12 such races—stands at 33.0%, while the DP winning 11 races carries a probability of 25.8%. Resolution will be determined by the official results reported by South Korea's National Election Commission following the June 3, 2026 elections.
Prediction market odds on Polymarket reflect real-money trader expectations, which often diverge from traditional polling. While polls measure voter sentiment at a single point in time, prediction markets incorporate ongoing information, campaign developments, and trader conviction. For this South Korean local election event, market participants are pricing in factors like party momentum, regional dynamics, and historical performance patterns. Comparing market odds to pre-election surveys can reveal whether traders expect outcomes more or less favorable to the DP than current polling suggests, offering a complementary perspective on likely race results.
The market resolves on Jun 3, 2026, following the conclusion of South Korean mayoral and gubernatorial elections. Resolution will be determined by the official final count of upper-level local government races won by the Democratic Party. Traders should monitor official election results and any recount or certification processes that may affect the final tally. The specific outcome threshold—such as 10 or fewer races—will be compared against verified results to settle all related contracts on Polymarket.
Key catalysts include campaign announcements, regional polling releases, candidate endorsements, and major political developments affecting DP support. Election-day turnout patterns, voter mobilization efforts, and last-minute policy announcements could shift market odds significantly. International or domestic economic news, leadership changes, or scandal disclosures may also influence trader positioning. As the Jun 3, 2026 resolution date approaches, early voting results and exit polls will likely trigger sharp price movements. Traders should monitor South Korean political media and official party statements for signals that could alter expectations about the DP's final race-win count.