PolymarketGeopoliticsLikely noiseUpdated 11m ago

France declares state of emergency by October 31, 2026?

As of Oct 19, 2026, 3:59 PM ET, Polymarket priced this market at 13.5% (up from 9.5% 24 hours earlier). It had $47.7K traded in the past 24 hours, $21.6K of order-book liquidity and a bid-ask spread of 1.0 pts. probcast.co rates the support behind this price as weak.

Market probability
13.5%
+4 percentage points
over 24 hours9.5% → 13.5%
Big move, weak backing

Thin market where small orders can move the price — and today's move was spread across many accounts.

Price historyPolymarket

Source: Polymarket price history

How credible was the move?

Methodology →

Move validity

Weak

Consensus stability

Forming

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

ThinTight spread

Order-book liquidity

$21.6K

Bid-ask spread

1.0 pts

24h volume

$47.7K

Total volume

$49.5K

It would take roughly $1.2K of buying to move the price up by ~5 pts.

Little money on the book — a modest order can move this price, so treat swings with care.

Who's trading

Whose opinion is this price?

Broad participation
14%of the traded money came from the single largest account

Accounts

106

Trades

194

over 29h

Largest order

$835.3

$5.9K traded across these 194 trades (last 29h).

Many independent accounts traded — the price reflects a crowd, not one trader.

Recent trade activity$5.9K traded

From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.

What this market actually measures

This market will resolve to "Yes" if a legally binding decree declaring a state of emergency (état d'urgence) in France enters into effect at any point between this market's creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.

View full official resolution rules

This market will resolve to "Yes" if a legally binding decree declaring a state of emergency (état d'urgence) in France enters into effect at any point between this market's creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". To count toward resolution, the corresponding decree must explicitly constitute a "state of emergency" (état d'urgence) as defined by Law No. 55-385 of April 3, 1955 (Loi n° 55-385 du 3 avril 1955 relative à l'état d'urgence). Only declarations explicitly constituting a state of emergency under Law No. 55-385 will count. A declaration covering any part of the territory of the French Republic, including overseas departments, regions, and collectivities, will qualify. A declaration of a public health state of emergency (état d'urgence sanitaire) under the Public Health Code, a state of siege (état de siège) under Article 36 of the French Constitution, the use of exceptional powers under Article 16 of the French Constitution, the "Urgence attentat" level of the Vigipirate plan, a natural disaster declaration (état de catastrophe naturelle), or prefectoral orders issued outside of Law No. 55-385 will not count. The primary resolution source for this market will be the Journal Officiel de la République française (legifrance.gouv.fr); however, a consensus of credible reporting may also be used.

Why the odds moved

The probability rose 4.0 percentage points over the last 24 hours (9.5% → 13.5%).

No verified catalyst has been linked to this move yet. ProbCast does not attribute moves to news without evidence connecting the timing of a specific report to the repricing.

What could move this market next?

  • The market's deadline arrivesOctober 31, 2026 at 11:59 PM ET

    The contract must resolve based on what has happened by this date.

Derived from the contract's own mechanics as of Oct 19, 4:11 PM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Advanced analysis (experimental)

Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±23 pts.

Reacting to newsLegacy movement classifier: noisy

What's happening

low classifier confidence
Reacting to news

The price is actively repricing on real volume. The number is still moving — don't treat the latest print as settled consensus yet.

  • Probability moved 4.0 pts in ≤6h on adequate liquidity

Read the latest price with caution; conditions make it an unreliable summary right now.

More details — reliability score, dynamics, durability
Reliability score
29Low
Where the price path tends to go next69 observed
  • Thin-liquidity spike62%
  • Choppy / mean-reverting23%
  • Trend continuation7%

Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.

DurabilityHigh· half-life ~2h
PredictabilityStable

Secondary read: leaning toward Thin market.

A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Change (pts)1H+0.56H+4.024H+4.07D+4.0

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