The Prediction Markets

Which coalition will form the next New Zealand government?

Starts in 16 daysKickoff
Traded
$66K
Venues
Polymarket
Prices updated
just now
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What the markets expect

National + ACT + NZF 39.8%

Next is Labour + Green at 29.8%. Only Polymarket lists this market, so there is no second price to compare.

National + ACT + NZF 39.8%Labour + Green 29.8%Labour + Green + Maori 20.7%National + ACT + NZF 4.7%Labour + Green + Maori 1%12 others 4%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue. Ages are as of when this page was built.

  • Polymarket
National + ACT + NZF
39.8%
Polymarket 37.5%(39.8% fair)polled, 17s agoBest Yes 42¢ on Polymarket, $100 pays $238 (2.38x)
Polymarket
Contract
National + ACT + NZF
Last price
37.5%
Fair, margin removed
39.8%
As of
Polled just now
Buy Yes
42¢
Sell Yes
33¢
$100 on Yes pays
$238 (2.38x)
Volume
$11K
Trade this on Polymarket
Labour + Green
29.8%
Polymarket 28.1%(29.8% fair)polled, 17s agoBest Yes 30.1¢ on Polymarket, $100 pays $332 (3.32x)
Polymarket
Contract
Labour + Green
Last price
28.1%
Fair, margin removed
29.8%
As of
Polled just now
Buy Yes
30.1¢
Sell Yes
26¢
$100 on Yes pays
$332 (3.32x)
Volume
$5K
Trade this on Polymarket
Labour + Green + Maori
20.7%
Polymarket 19.5%(20.7% fair)polled, 17s agoBest Yes 25¢ on Polymarket, $100 pays $400 (4.00x)
Polymarket
Contract
Labour + Green + Maori
Last price
19.5%
Fair, margin removed
20.7%
As of
Polled just now
Buy Yes
25¢
Sell Yes
14¢
$100 on Yes pays
$400 (4.00x)
Volume
$6K
Trade this on Polymarket
National + ACT + NZF
4.7%
Polymarket 4.5%polled, 17s agoBest Yes 7.8¢ on Polymarket, $100 pays $1,282 (12.8x)
Polymarket
Contract
National + ACT
Last price
4.5%
As of
Polled just now
Buy Yes
7.8¢
Sell Yes
1.1¢
$100 on Yes pays
$1,282 (12.8x)
Volume
$2K
Trade this on Polymarket
Labour + Green + Maori
1%
Polymarket 1%polled, 17s agoBest Yes 1.6¢ on Polymarket, $100 pays $6,250 (62.5x)
Polymarket
Contract
Labour + Maori
Last price
1%
As of
Polled just now
Buy Yes
1.6¢
Sell Yes
0.3¢
$100 on Yes pays
$6,250 (62.5x)
Volume
$1K
Trade this on Polymarket
Labour + Green + Maori + NZF
0.8%
Polymarket 0.8%polled, 17s agoBest Yes 1.4¢ on Polymarket, $100 pays $7,143 (71.4x)
Polymarket
Contract
Labour + Green + NZF
Last price
0.8%
As of
Polled just now
Buy Yes
1.4¢
Sell Yes
0.2¢
$100 on Yes pays
$7,143 (71.4x)
Volume
$2K
Trade this on Polymarket
Labour + Green + Maori + NZF
0.6%
Polymarket 0.6%polled, 17s agoBest Yes 0.8¢ on Polymarket, $100 pays $12,500 (125x)
Polymarket
Contract
Labour + Green + Maori + NZF
Last price
0.6%
As of
Polled just now
Buy Yes
0.8¢
Sell Yes
0.4¢
$100 on Yes pays
$12,500 (125x)
Volume
$2K
Trade this on Polymarket
National + Labour
0.6%
Polymarket 0.6%polled, 17s agoBest Yes 0.9¢ on Polymarket, $100 pays $11,111 (111x)
Polymarket
Contract
National + Labour
Last price
0.6%
As of
Polled just now
Buy Yes
0.9¢
Sell Yes
0.3¢
$100 on Yes pays
$11,111 (111x)
Volume
$1K
Trade this on Polymarket
Labour + Green + Maori + NZF
0.5%
Polymarket 0.5%polled, 17s agoBest Yes 0.8¢ on Polymarket, $100 pays $12,500 (125x)
Polymarket
Contract
National + NZF
Last price
0.5%
As of
Polled just now
Buy Yes
0.8¢
Sell Yes
0.1¢
$100 on Yes pays
$12,500 (125x)
Volume
$2K
Trade this on Polymarket
Labour
0.3%
Polymarket 0.3%polled, 17s agoBest Yes 0.4¢ on Polymarket, $100 pays $25,000 (250x)
Polymarket
Contract
Labour
Last price
0.3%
As of
Polled just now
Buy Yes
0.4¢
Sell Yes
0.1¢
$100 on Yes pays
$25,000 (250x)
Volume
$2K
Trade this on Polymarket
Show 7 more outcomes
Labour + Green + Maori + NZF
0.2%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
National + NZF + Maori
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket
Labour + Green + Maori + NZF
0.2%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Labour + Maori + NZF
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket
Labour + Green + Maori + NZF
0.2%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
Labour + NZF
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket
National
0.2%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
National
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket
National + ACT + NZF
0.2%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
National + ACT + Maori
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket
National + ACT + NZF
0.1%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
National + ACT + NZF + Maori
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$2K
Trade this on Polymarket
National + Maori
0.1%
Polymarket 0.2%polled, 17s agoBest Yes 0.2¢ on Polymarket, $100 pays $50,000 (500x)
Polymarket
Contract
National + Maori
Last price
0.2%
As of
Polled just now
Buy Yes
0.2¢
Sell Yes
0.1¢
$100 on Yes pays
$50,000 (500x)
Volume
$1K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • National + ACT + NZF
  • Labour + Green
  • Labour + Green + Maori

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Top of book

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Best ask
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Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

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Buy

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.04 × price × (1 − price) per share (politics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Which coalition will form the next New Zealand government?". National + ACT + NZF leads at 39.8%. Next is Labour + Green at 29.8%. $66K has traded across 17 outcomes on Polymarket. The market is expected to resolve by Nov 8, 2026.

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve to the first ruling coalition of parties that forms after the next New Zealand general election. A party will only be considered part of the ruling coalition if it participates in the governing coalition and provides at least one Cabinet minister. Parties that merely support the government from outside Cabinet, including through confidence-and-supply agreements or similar arrangements, without holding a Cabinet post will not qualify. The following parties will be considered for this market: ACT New Zealand (ACT), Labour Party (Labour), Te Pāti Māori (Maori), National Party (National), Green Party (Green), and New Zealand First Party (NZF). All other parties will not be considered. Resolution will be based on the listed option that most completely matches the parties included in the coalition. If the coalition formed after the election includes all of the parties listed in a market option, along with any other parties, that option will resolve to “Yes” unless there exists another market option that more completely covers the coalition. A listed option will not resolve to “Yes” if any of its listed parties are not included in the coalition. For example: - If the governing coalition includes Labour + Green + ACT, but no option explicitly lists those three together, the market will resolve to “Labour + Green” if that option is listed and no listed option more completely matches the coalition. - If the governing coalition includes National + ACT + NZF, the option “National + ACT + NZF” will resolve to “Yes”, while “National + ACT” will resolve to “No”. In the event that the ruling coalition includes all parties for multiple market options, and each option contains an equal number of coalition parties, the tie will be resolved in favor of the option whose listed parties together hold the greater number of seats in the newly elected House of Representatives. If this presents another tie, this market will resolve in favor of the listed option whose parties received the greatest number of valid party votes. If any party forms a single-party majority government, the listed option for that party will be considered the governing coalition. If the governing coalition does not include all parties in any listed option, this market will resolve to “Other”. This market may resolve once the first government is officially confirmed following the appointment of the Prime Minister and ministers by the Governor-General after the 2026 New Zealand general election, with ministers appointed under non-caretaker circumstances. If the next New Zealand ruling coalition after the election is not confirmed by December 31, 2027, 11:59 PM ET, this market will resolve to “Other”. This market will resolve based on a consensus of credible reporting. In case of ambiguity, this market will resolve based on official information from the government of New Zealand.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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