Daegu Mayoral Election Winner

Platform comparison

Active sub-markets

Market context

South Korea will hold a mayoral election for Daegu, the country's fourth-largest metropolitan area, on 3 June 2026. The election will determine the city's chief executive for a four-year term beginning in July 2026. Only candidates who win outright in the general election count toward resolution; interim or acting mayors appointed during any transition period will not satisfy market conditions.

Daegu mayoral contests have historically reflected broader South Korean political dynamics, with outcomes closely tracking national party performance and regional voting patterns. The city has alternated between Democratic Party and People Power Party control over recent election cycles, though local personalities and development issues—particularly transport infrastructure and economic revitalisation projects—significantly influence outcomes. The 0% implied probability currently reflected across prediction markets suggests either extreme uncertainty about candidate fields not yet formalised, or minimal early trading activity ahead of formal campaign periods. Comparable South Korean municipal elections typically see meaningful probability shifts only once major candidates declare and campaign machinery activates, usually within six months of polling day.

Key catalysts include official candidate registration (typically occurring in April 2026), campaign launch announcements from major parties, and any significant policy announcements regarding Daegu's urban development or transport initiatives. South Korean electoral authorities will publish detailed candidate information and polling schedules through the National Election Commission website. Traders should monitor domestic Korean news sources and the commission's official releases for confirmation of final results by the 31 December 2026 deadline, as delayed or contested outcomes could trigger the "Other" resolution clause.

Methodology

This page is a comparison snapshot: one live quote (Polymarket), four reference venues with their key attributes, and a single execution path — every trade button routes to Best Prediction Markets, which mirrors the Polymarket order book directly.

Resolution & payout

Polymarket-based markets settle through the UMA Optimistic Oracle on Polygon. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution. Payouts settle automatically in USDC the moment the result is final — no bookmaker, no delay.

Kalshi-based markets settle in USD via the CFTC-regulated clearinghouse. Betfair Exchange settles in GBP/EUR net of commission. Manifold is play-money and does not pay out real funds.

FAQ

Where can I trade this market with the lowest fees?

On Best Prediction Markets, which mirrors the Polymarket order book at 0% fees. Kalshi charges up to 7% per trade; Betfair Exchange takes 2-5% commission on net winnings.

Is this market available outside the US?

Best Prediction Markets is available in most jurisdictions where Polymarket isn't directly accessible. Polymarket itself is geo-blocked in the US/UK/EU. Always check local regulations.

How does resolution work?

Through the UMA Optimistic Oracle on Polygon: a proposer submits the outcome, a two-hour challenge window opens, and USDC payouts settle automatically once the result is final.

What's the difference between YES and NO shares?

A YES share pays $1.00 if the event happens, $0 otherwise. A NO share pays $1.00 if the event doesn't happen. The market price between 0¢ and 100¢ is the implied probability.

How fast are USDC deposits?

Polygon credits deposits after 12 confirmations — usually under 30 seconds. Withdrawals follow the same path and land back in your wallet within minutes.