PolymarketGeopoliticsDevelopingUpdated 1m ago

Will Óscar Puente be the next Prime Minister of Spain?

As of Oct 11, 2026, 4:34 PM ET, Polymarket priced this market at 0.1% (little changed over 24 hours). It had $34.6K traded in the past 24 hours, $130.5K of order-book liquidity and a bid-ask spread of 0.1 pts. probcast.co rates the support behind this price as moderate.

Market probability
0.1%
Little changed over 24 hours

Thin market where small orders can move the price, traded by a small group of accounts.

Price historyPolymarket

Source: Polymarket price history

How credible was the move?

Methodology →

Move validity

Moderate

Consensus stability

Stable

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

$130.5K

Bid-ask spread

0.1 pts

24h volume

$34.6K

Total volume

$75.4K

It would take roughly $401.8 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?

A few accounts
32%of the traded money came from the single largest account

Accounts

51

Trades

148

over 90 days

Largest order

$33.4

$103 traded across these 148 trades (last 90 days).

A small group of accounts did most of the trading — neither one whale nor a broad crowd.

Recent trade activity$103 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 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 11, 4:35 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 ±14 pts.

Quote-drivenLegacy movement classifier: watch

What's happening

medium classifier confidence
Quote-driven

A tight, deep, quote-driven book with little executed flow. The price is stable but reflects resting quotes more than active trading.

  • Tight spread on a liquid, calm market

The latest price is a usable but caveated read — weigh it with the market state.

More details — reliability score, dynamics, durability
Reliability score
41Medium
Where the price path tends to go next492 observed
  • Choppy / mean-reverting91%
  • Stable consensus4%
  • Thin-liquidity spike2%

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

DurabilityHigh· half-life ~4w
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.

Market data

24h volume

$34.6K

Liquidity

$130.5K

Total volume

$75.4K

Category
Geopolitics
Venue
Polymarket
Open interest
—
Spread
0.1 pts
Best bid
0.1%
Best ask
0.2%
7-day range
0.1% – 0.1%
Resolves
Mar 31, 2028
Change (pts)1H0.06H0.024H0.07D0.0

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