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 National Assembly seats the People Power Party will capture in South Korea's parliamentary by-elections scheduled for June 3, 2026. On Polymarket, the leading outcome—that the PPP wins exactly 3 seats—stands at 44.0%, while the outcome for exactly 2 seats is at 26.0%. Resolution will be determined by the official results reported by South Korea's National Election Commission. Watch the June 3, 2026 by-elections held alongside nationwide local elections to see whether the PPP meets, exceeds, or falls short of the 3-seat threshold.
Prediction market odds on Polymarket reflect real-money trader expectations, which often diverge from traditional polling averages. While polls measure voter intent at a single moment, prediction markets incorporate ongoing information about campaign momentum, candidate withdrawals, and tactical voting patterns. The market's implied probability may run higher or lower than poll-based seat projections depending on whether traders believe polls underestimate or overestimate PPP performance. Comparing the two reveals whether markets are pricing in dynamics that standard surveys miss, offering insight into which data source traders find more predictive for the June 2026 outcome.
The market resolves on Jun 3, 2026, following the completion of South Korea's parliamentary by-elections scheduled for that date. Resolution is determined by the official final seat count awarded to the People Power Party in the by-election. Once electoral authorities announce the certified results, the market settles based on whether the actual number of seats won matches the contract's specified threshold. Traders should monitor official South Korean election commission announcements for the authoritative outcome, as this will directly determine which contract outcome is correct and how positions are settled.
Several catalysts could shift market pricing before Jun 3, 2026. Major candidate announcements, party leadership changes, or high-profile defections would alter PPP's perceived seat prospects. Shifts in South Korean economic conditions, approval ratings for the current administration, or scandals involving PPP figures could reshape voter sentiment. Regional polling releases specific to by-election districts would provide concrete data on PPP performance. Campaign missteps or strong opposition momentum could reduce PPP's chances, while successful messaging or endorsements could boost them. International events affecting South Korea's political climate and tactical voting patterns in specific districts represent additional wild cards that traders will price into odds as the election date approaches.