Resolution criteria on PolyGram: The Daegu mayoral election is scheduled to take place on June 3, 2026. This market will resolve according to the candidate who wins this election. Interim, temporary, or caretaker mayors will not count. If the result of this election isn't known by December 31, 2026, 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 (https://www.nec.go.kr/).
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.
Market outcomes
| Lee Jin-sook | 0% YES | 100% NO |
| Yoon Jae-ok | 0% YES | 100% NO |
| Kang Min-gu | 0% YES | 100% NO |
| Hong Seok-jun | 0% YES | 100% NO |
| Choo Kyung-ho | 90% YES | 11% NO |
| Seo Jae-heon | 0% YES | 100% NO |
| Candidate B | — | |
| Candidate D | — | |
South Korea will hold municipal elections on 3 June 2026, with Daegu—the country's fourth-largest city—selecting a new mayor. The incumbent, Hong Jun-pyo, has served since 2018 and is constitutionally barred from seeking a third consecutive term. The election will determine control of a metropolitan government overseeing roughly 2.4 million residents and a significant industrial base in the Gyeongbuk region. Current order book pricing reflects 0% implied probability, suggesting the market has not yet consolidated around specific candidates or that liquidity remains minimal ahead of the formal campaign period.
South Korean mayoral elections typically feature competitive races between the ruling and opposition parties, though local factors often override national political trends. The 2022 municipal elections saw the conservative People Power Party gain ground in major cities, including Daegu, which has historically leaned conservative. However, candidate selection processes—often determined by party primaries and factional negotiations—remain fluid until formal candidacies are announced, typically within several months of election day. Previous Daegu mayoral contests have involved multiple candidates splitting votes across party lines and independent challengers.
Traders should monitor party primary schedules and candidate announcements, expected to intensify from early 2026 onwards. Key variables include whether Hong's party retains the seat, whether opposition parties field a unified candidate, and any late-breaking scandals affecting frontrunners. South Korean election results are typically finalised within days of polling, with the National Election Commission providing official tallies. The December 2026 resolution deadline provides substantial buffer time for result confirmation.
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.
The mechanics for trading "Daegu Mayoral Election Winner" are the same as any other PolyGram 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.
$2.1M in lifetime turnover and $516K of resting liquidity puts this market in the top 2% by volume for global elections contracts on PolyGram. Order-book depth is exceptional — among the deepest order books in the category.
Last 24 hours alone saw $140K 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 around 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.
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.
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.
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.
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.
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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