TOTAL VOLUME:
$154.4b
24H VOL:
$235,918,089
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,884,820,873
413,109
Markets across
40,428
events
MATCHED EVENTS:
4,364
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 6, 1:34 PM EST
Polymarket
This market tracks the likelihood of Spain holding a snap election before the end of 2026, triggered by either an early dissolution of parliament or a formal scheduling of elections outside the regular term. Currently, the consensus probability of a snap election being called by November 30 is 99.9%. This prediction aggregates data from Polymarket and Kalshi, and will resolve based on official information from the government of Spain, alongside consensus reporting. Keep an eye on statements from the Spanish government as we approach January 1, 2027, the date by which an official announcement would be required to resolve this market to ‘Yes’.
This market will resolve to “Yes” if a snap election is called in Spain by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No.” The calling of a snap election requires the formal dissolution of at least one house of the Spanish Parliament or another formal scheduling, according to the rules of the jurisdiction, of an election for all members of at least one house of the Spanish Parliament prior to their scheduled election at the end of their parliamentary term. The resolution source for this market will be official information from the government of Spain; however, a consensus of credible reporting may also be used.
If Spain officially announces a snap election for its national legislature or head of government before Jan 1, 2027, then the market resolves to Yes.
Several signals could significantly impact this market. Any major political developments within Spain, such as a government crisis, a loss of confidence vote, or significant shifts in public opinion, could increase the likelihood of a snap election. Statements from key political figures regarding the possibility of an early election would also be influential. Economic data releases, particularly if they indicate a worsening economic situation, could also contribute to political instability and a greater chance of a snap election. Unexpected events or crises could also quickly shift market sentiment and trading activity.