Daegu Mayoral Election Winner

Platform comparison

Active sub-markets

Market context

South Korea will hold a mayoral election in Daegu on 3 June 2026, with the winner taking office as the city's chief executive. The 0% implied probability on this market reflects the absence of candidate announcements or polling data at present, a typical state for elections roughly eighteen months away. Daegu, South Korea's fourth-largest metropolitan area with approximately 2.4 million residents, has historically alternated between conservative and progressive leadership, with the mayoralty serving a four-year term.

Previous Daegu mayoral contests have seen competitive races between the Democratic Party and the People Power Party, with margins frequently determined by regional voting patterns and national political sentiment. The 2022 election saw conservative candidate Hong Joon-pyo secure victory with approximately 54% of the vote, establishing a baseline for understanding how the 2026 race might develop. Historical turnout in Daegu mayoral elections typically ranges between 50–60%, suggesting the electorate size will be substantial enough to produce decisive results.

Traders should monitor the formal candidate registration period, which in South Korean municipal elections typically occurs four to six weeks before polling day. National political developments—particularly shifts in approval ratings for the sitting president and ruling coalition—will likely shape Daegu's contest, as mayoral races frequently reflect broader ideological momentum. The National Election Commission will publish official results within days of the election, triggering settlement by the 31 December 2026 deadline. Currently, no major candidate has declared intentions, leaving the market's zero probability as a placeholder pending substantive campaign activity.

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 UK, which mirrors the Polymarket order book directly.

Resolution & payout

At resolution the UMA oracle takes over: a proposer posts the outcome with a bond, any token holder can dispute within two hours. Without dispute the result is accepted and the smart contract distributes USDC instantly.

On Kalshi (CFTC-regulated) resolution runs through their in-house clearing engine in USD. Betfair Exchange settles after match end in the account's local currency. Manifold pays no cash — only its in-platform "mana" currency.

FAQ

Where can I trade this market with the lowest fees?

On Best Prediction Markets UK, 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 UK 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.