Will Pedro Sánchez be the next Prime Minister of Spain?
As of Oct 5, 2026, 1:22 PM ET, Polymarket priced this market at 25.6% (down from 27.1% 24 hours earlier). It had $54.5K traded in the past 24 hours, $118.8K of order-book liquidity and a bid-ask spread of 0.1 pts. probcast.co rates the support behind this price as strong.
Confirmed repricing; the market is settling at the new level.
The pricing is supported by healthy trading volume and market depth, a tight spread.
How credible was the move?
Three separate questions — a move can be genuine while the latest price is still settling. Methodology →
Move validity
Is the move backed by real trading and depth?
StrongThe pricing is supported by healthy trading volume and market depth, a tight spread.
Consensus stability
Has the market settled at the new probability?
FormingMovement has slowed (1.5 points over six hours) but the market has not fully settled.
Contract clarity
Will the rules resolve without ambiguity?
HighThe resolution rules are relatively specific, with a named source and a defined deadline.
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 the next individual who officially assumes the office of Prime Minister of Spain by March 31, 2028, 11:59 PM ET. To count for resolution, the individual must receive a vote of confidence from the Congress of Deputies and be formally sworn-in, resulting in the official formation of a new government.
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 the next individual who officially assumes the office of Prime Minister of Spain by March 31, 2028, 11:59 PM ET. To count for resolution, the individual must receive a vote of confidence from the Congress of Deputies and be formally sworn-in, resulting in the official formation of a new government. Any interim or caretaker Prime Minister who does not receive a parliamentary vote of confidence will not count toward the resolution of this market. If no such Prime Minister takes office by March 31, 2028, 11:59 PM ET, this market will resolve to “Other”. The primary resolution source for this market will be official information from the Government of Spain; however, a consensus of credible reporting may also be used.
What could move this market next?
- The market's deadline arrivesMarch 31, 2028 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 5, 1:30 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: high · expected error ±14 pts.
What's happening
A sustained one-directional drift. This can be a genuine trend or crowd herding; watch whether liquidity and breadth confirm the move.
- Directional drift sustained across 1h / 6h / 24h windows
Read the latest price with caution; conditions make it an unreliable summary right now.
More details — reliability score, dynamics, durability
- Stable consensus90%
- Choppy / mean-reverting6%
- Trend continuation4%
Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.
Secondary read: leaning toward Trading normally.
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.
Market data
24h volume
$54.5K
Liquidity
$118.8K
Total volume
$97.4K
- Category
- Geopolitics
- Venue
- Polymarket
- Open interest
- —
- Spread
- 0.1 pts
- Best bid
- 25.5%
- Best ask
- 25.6%
- 7-day range
- 25.6% – 29.2%
- Resolves
- Mar 31, 2028