The Prediction Markets

Who will win the 2022 South Korean presidential election?

Closed
Mar 9, 2022
Traded
$37K
Venues
Polymarket
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This market has closed

Trading ended on Mar 9, 2022. The prices below are the last ones before it closed and no longer update. Browse open markets

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. 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.

  • Polymarket

No outcome is trading right now. Check back when the venues reopen this market.

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: english.president.go.kr

About this market

Final prediction market prices for "Who will win the 2022 South Korean presidential election?". $37K has traded across 0 outcomes on Polymarket. The market closed on Mar 9, 2022.

This market asks which candidate will win the South Korean presidential election scheduled to take place on March 9, 2022. If Lee Jae-myung is elected president of South Korea in 2022, this market will resolve to “Lee Jae-myung”. If Yoon Seok-youl is elected to president of South Korea in 2022, this market will resolve to “Yoon Seok-youl”. If for any reason neither Lee Jae-myung nor Yoon Seok-youl are elected president, this market will resolve to 50-50.  This market will resolve on the earliest date that there is a definitive winner of the 2022 South Korean presidential election. The main resolution source will be official announcements by the government of the Republic of Korea (https://english.president.go.kr/, https://www.nec.go.kr/site/eng/main.do, https://twitter.com/TheBlueHouseENG, etc.) but credible media sources will also suffice. If a definitive winner of the 2022 South Korean presidential election is not determined by July 1, 2022, 12:00:00 PM ET, this market will resolve to 50-50.

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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