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Politics

Trade: 2026 Jeonbuk Province Gubernatorial Election Winner

Opened · Settles

Resolution criteria on PolyGram: The 2026 Jeonbuk Province gubernatorial election is scheduled to take place on June 3, 2026 to elect the next Governor of Jeonbuk Province. This market will resolve according to the listed candidate that wins this election. If the result of this election isn't known by January 31, 2027, 11:59 PM ET, the market will resolve to "Other". This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the South Korean government, specifically the National Election Commission.

PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.

Liquidity
$25K
Total Volume
$1K
24h Volume
$1K
Open Interest
$560
Trade this market on PolyGram →

Market outcomes

Kim Kwan-young 52% YES48% NO
Lee Won-taek 47% YES53% NO
Yang Jeong-mu 2% YES98% NO
Other
Candidate A
Candidate B
Candidate C
Candidate D

Market context

South Korea will hold elections for the governorship of Jeonbuk Province on 3 June 2026. The current order book on Polymarket reflects a 52% implied probability for the unnamed candidate in this market, suggesting traders view the race as competitive but with modest conviction toward a particular outcome. The settlement window closes on 3 June 2026 at 06:00 UTC, with resolution based on official results from South Korea's electoral authorities.

Jeonbuk Province has historically alternated between ruling and opposition party control, though the province leans toward the Democratic Party. The 2022 gubernatorial election saw the Democratic Party retain the seat with 52.7% of the vote. Current polling and factional dynamics within both major parties will shape expectations; provincial races often reflect national political momentum, and the 2026 election occurs in the latter half of President Yoon Suk-yeol's term when approval ratings typically influence local contests.

Traders should monitor party primary schedules and candidate announcements, which typically occur in early 2026. Regional economic conditions—particularly employment in agriculture and manufacturing—historically influence Jeonbuk voting patterns. National political developments, including any shifts in the ruling People Power Party or Democratic Party's standing, will likely move the market as the election approaches. Official candidate registration closes approximately two weeks before polling day, providing a final catalyst for probability reassessment.

Wikipedia Context

  • 2026 Jeonbuk Hyundai Motors season

    The 2026 Jeonbuk Hyundai Motors season was their 33rd season in the club's history and their 32nd consecutive season in the top flight of South Korean football. Following a historic 2025 campaign in which the club secured its record-extending 10th K League 1 title and sixth Korea Cup to complete a domestic double, the club enters 2026 under the leadership of

  • 2025 Jeonbuk Hyundai Motors season

    The 2025 Jeonbuk Hyundai Motors season was their 32nd season in existence, and the 30th consecutive season in the K League 1. In addition to the league, the club competed in the 2025 Korea Cup and in the knock-out stage of the 2024–25 AFC Champions League Two. Jeonbuk Hyundai Motors earned a domestic double, winning their 10th league title and sixth cup triu

  • 2024 Jeonbuk Hyundai Motors season

    The 2024 Jeonbuk Hyundai Motors season is their 31st season in existence, and the 30th consecutive season in the K League 1. In addition to the league, the club will compete in the 2024 Korean FA Cup and in the 2024–25 AFC Champions League Two.

  • 2020 Jeonbuk Hyundai Motors season

    The 2020 season was Jeonbuk Hyundai Motors' 28th season in the K-League in South Korea. Jeonbuk Hyundai Motors is competing K League, Korean FA Cup and AFC Champions League. Jeonbuk is a defending champions of 2019 K-Keague. K League was supposed to kick off on February 29, however, due to the coronavirus, it is not yet clear when to kick off, on May 6, the

How this market resolves

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.

How to trade this market step by step

The mechanics for trading "2026 Jeonbuk Province Gubernatorial Election Winner" are the same as any other PolyGram political event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.

  1. Sign in on polygram.ink with your email — no full KYC under $1,500 lifetime trading volume.
  2. Deposit USDC on Polygon (lowest fees, ~$0.01 per transaction) or Ethereum. Funds credit after 12 confirmations.
  3. Pick a side. Buy YES if you believe the event will happen; buy NO if you think it won't. The current YES price reflects the market's collective probability.
  4. Size your position. If you stake 100 USDC at 50% YES, you'll receive shares that pay $200 if YES resolves true — a 100% gross return. If NO resolves, your shares are worth $0.
  5. Set risk controls (optional). Stop-loss, take-profit, and limit-order types all supported. Use the trade ticket's slippage box to cap your maximum entry price.
  6. Wait for resolution. When the event resolves on-chain via the UMA optimistic oracle, the winning side settles to 100¢ automatically and USDC hits your balance within seconds. Withdrawable to any wallet you control.

How active is this market?

$1K in lifetime turnover and $25K of resting liquidity puts this market in the below the median by volume for politics contracts on PolyGram. Order-book depth is modest — expect a couple of cents of slippage on $1k+ trades.

Last 24 hours alone saw $1K in turnover, well above the lifetime daily-average for this market — a clear sign of news catalysing trader activity right now.

The market has been open for under a month — fresh enough that information asymmetry remains a real factor.

Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.

Key terms

YES / NO share
A binary outcome token that pays $1.00 if the underlying claim resolves true (YES) or false (NO), and $0 otherwise. The market price between 0¢ and 100¢ is the implied probability.
CLOB
Central limit order book. The matching engine that pairs YES buyers with NO buyers (effectively the same trade). Polymarket's CLOB on Polygon executes trades on-chain via the conditional-tokens framework.
Liquidity
USDC capital sitting in resting limit orders inside the order book. Deeper liquidity means smaller slippage on large trades and a tighter bid-ask spread.
UMA optimistic oracle
The on-chain dispute system that settles each Polymarket market. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution.
Slippage
The difference between the displayed mid-price and your fill price. Affects market orders most; limit orders avoid slippage but may take time to fill.
Conditional token
ERC-1155 outcome share issued by Gnosis Conditional Tokens on Polygon. The token type that resolves to $1.00 or $0.00 at settlement.

See the full prediction-market glossary →

Frequently asked questions

How does this market resolve?

Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.

When does this market close?

This prediction market is scheduled to close on 3 June 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.

How can I trade on "2026 Jeonbuk Province Gubernatorial Election Winner"?

To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.

What happens when the market resolves?

When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.

Risk and regulatory note

Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.

Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.

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