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%
$
This market tracks whether Nicolás Maduro will remain the head of state of Venezuela on December 31, 2026. Currently, the aggregated probability across Kalshi, Polymarket, Predict, and Limitless indicates a 73.0% chance of this outcome. Resolution will be based on official information from the UN-recognized government of Venezuela, or the UN if the Venezuelan government is unclear. Keep an eye on the Venezuelan presidential election scheduled for the second half of 2026, as the results will heavily influence the outcome of this market.
This market will resolve to the individual who officially holds the position of the head of state of Venezuela on Dec 31, 2026 at 12 PM ET. For the purposes of this market, "officially holds" refers to the individual that was formally appointed, confirmed (if confirmation is required), and sworn in as the head of state of Venezuela or otherwise confirmed by official government information as being the head of state of Venezuela. If the Venezuelan government does not clearly state who is the head of state, the market will resolve to the individual who is listed as the Head of State by the UN (see: https://www.un.org/dgacm/en/content/protocol/hshgnfa). In the event that more than one official head of state is listed by the Venezuelan government, this market will resolve to the individual who is listed as having primary status. If no distinction is made, the market will resolve to the individual who first assumed the position. If no individual holds the position this market will resolve to “No Head of State”. The following do NOT constitute "officially holding" the role: nominated, announced, or designated as the head of state of Venezuela but appointment not yet effective; appointed with an effective date after Dec 31, 2026; previously served as the head of state of Venezuela but term has expired, resigned, or been terminated before Dec 31, 2026; serving as the head of state of Venezuela in a consultant, contractor, or unofficial capacity; named as successor or heir apparent to the head of state of Venezuela but not yet appointed; or holding a different role with oversight of the head of state of Venezuela but not the specified position itself. The primary resolution source will be official information from the UN recognized government of Venezuela. If the Government of Venezuela does not clearly state who is the head of state, information from the UN and a consensus of credible reporting may be used. Note: this market is mutually exclusive.
A person officially holds the head of state position if any one of three criteria is met: (i) formal appointment, confirmation if required, and swearing-in; (ii) listing in official government directories, organizational charts, or equivalent authoritative sources; or (iii) active service with full authority and responsibilities, excluding suspended, on-leave, or acting/interim capacity unless explicitly specified. Nomination without effective appointment, appointments effective after December 31, 2026, previous service with expired terms, consultant or unofficial roles, successor designations, and oversight roles do not constitute officially holding the position. Acting or interim capacity does not satisfy the criterion unless explicitly specified. Resolution is based on recognition by authoritative Venezuelan government sources prioritized by the Source Agency hierarchy.
This market will resolve to the individual who officially holds the position of the head of state of Venezuela on Dec 31, 2026 at 12 PM ET. For the purposes of this market, "officially holds" refers to the individual that was formally appointed, confirmed (if confirmation is required), and sworn in as the head of state of Venezuela or otherwise confirmed by official government information as being the head of state of Venezuela. If the Venezuelan government does not clearly state who is the head of state, the market will resolve to the individual who is listed as the Head of State by the UN (see: https://www.un.org/dgacm/en/content/protocol/hshgnfa). In the event that more than one official head of state is listed by the Venezuelan government, this market will resolve to the individual who is listed as having primary status. If no distinction is made, the market will resolve to the individual who first assumed the position. If no individual holds the position this market will resolve to “No Head of State”. The following do NOT constitute "officially holding" the role: nominated, announced, or designated as the head of state of Venezuela but appointment not yet effective; appointed with an effective date after Dec 31, 2026; previously served as the head of state of Venezuela but term has expired, resigned, or been terminated before Dec 31, 2026; serving as the head of state of Venezuela in a consultant, contractor, or unofficial capacity; named as successor or heir apparent to the head of state of Venezuela but not yet appointed; or holding a different role with oversight of the head of state of Venezuela but not the specified position itself. The primary resolution source will be official information from the UN recognized government of Venezuela. If the Government of Venezuela does not clearly state who is the head of state, information from the UN and a consensus of credible reporting may be used. Note: this market is mutually exclusive.
Additional context — Updated August 25, 2026 Per the rules, “officially holds” refers to the individual that was formally appointed, confirmed (if confirmation is required), and sworn in as the head of state of Venezuela or otherwise confirmed by official government information as being the head of state of Venezuela. As of this clarification, The UN-recognized government of Venezuela has not formally removed or replaced Nicolás Maduro as President, and official government sources and statements continue to identify him as the President of Venezuela. Temporary legal measures assigning the exercise of presidential powers do not, on their own, constitute a transfer of the presidency. This market will resolve to the individual who officially holds the position of the head of state of Venezuela on Dec 31, 2026 at 12 PM ET. For the purposes of this market, "officially holds" refers to the individual that was formally appointed, confirmed (if confirmation is required), and sworn in as the head of state of Venezuela or otherwise confirmed by official government information as being the head of state of Venezuela. If the Venezuelan government does not clearly state who is the head of state, the market will resolve to the individual who is listed as the Head of State by the UN (see: https://www.un.org/dgacm/en/content/protocol/hshgnfa). In the event that more than one official head of state is listed by the Venezuelan government, this market will resolve to the individual who is listed as having primary status. If no distinction is made, the market will resolve to the individual who first assumed the position. If no individual holds the position this market will resolve to “No Head of State”. The following do NOT constitute "officially holding" the role: nominated, announced, or designated as the head of state of Venezuela but appointment not yet effective; appointed with an effective date after Dec 31, 2026; previously served as the head of state of Venezuela but term has expired, resigned, or been terminated before Dec 31, 2026; serving as the head of state of Venezuela in a consultant, contractor, or unofficial capacity; named as successor or heir apparent to the head of state of Venezuela but not yet appointed; or holding a different role with oversight of the head of state of Venezuela but not the specified position itself. The primary resolution source will be official information from the UN recognized government of Venezuela. If the Government of Venezuela does not clearly state who is the head of state, information from the UN and a consensus of credible reporting may be used.
Prediction market odds often provide a different signal than traditional polling averages. Polls capture stated preferences, which can be influenced by social desirability bias or inaccurate self-reporting. This market, however, reflects what people are willing to *stake* on an outcome, providing a more tangible measure of belief. While polls may indicate a certain level of support for a candidate, the prices in this market reveal the perceived probability of that candidate actually holding power at the end of 2026. The 9.3 difference between the two platforms also highlights the nuanced views on the situation.
Prices on Polymarket and Kalshi can diverge due to several factors. Each platform has a different user base, trading volume, and liquidity, which can all influence price discovery. Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Furthermore, the specific rules and incentives on each platform can lead to variations in how traders interpret information and express their beliefs. Currently, Polymarket currently favors Will Nicolás Maduro be the leader of Venezuela end of 2026? at 67.7%, while Kalshi leans toward Will Nicolás Maduro be the head of state of Venezuela on Dec 31, 2026? at 77.0%. These differences reflect the unique dynamics of each market and the diverse perspectives of their participants.
This market resolves around Jan 1, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. The determination will focus on who is recognized internationally and domestically as the head of state of Venezuela as of that date. The outcome will be based on verifiable facts and widely accepted sources, ensuring a transparent and objective resolution process. Traders should monitor news and official announcements leading up to Jan 1, 2027 to stay informed about potential developments that could influence the outcome of this market.
Several signals or events could significantly impact this market. Major political developments within Venezuela, such as elections, power struggles, or constitutional changes, would be key catalysts. International pressure or intervention, including sanctions or diplomatic efforts, could also shift the probabilities. Unexpected economic events, like a significant oil price shock or a financial crisis, could destabilize the political landscape. Any credible reports regarding the health or status of key political figures could also move the market. Monitoring these factors closely will be crucial for understanding the evolving dynamics of the Venezuelan leadership market.