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Politics

Trade: Lecornu out as French PM by...?

Opened · Settles · 112 comments

Resolution criteria on PolyGram: On September 9, French President Emmanuel Macron named Sébastien Lecornu as the new French Prime Minister. He resigned on October 6 after his cabinet faced severe opposition. On October 10, President Emmanuel Macron reappointed him as Prime Minister, tasking him with forming a new government. This market will resolve to "Yes" if Sébastien Lecornu is no longer serving as Prime Minister of France for any length of time between October 10 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

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
$10K
Total Volume
$321K
24h Volume
Open Interest
$8K
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Market outcomes

October 31 0% YES100% NO
December 31, 2025 0% YES100% NO
November 30 0% YES100% NO
June 30, 2026 2% YES98% NO
December 31, 2026 29% YES71% NO

Market context

Sébastien Lecornu's tenure as French Prime Minister has already proven unstable. Appointed on 9 September 2024, he resigned after just four weeks on 6 October following fierce parliamentary opposition to his cabinet composition. President Macron reappointed him on 10 October with a mandate to form a new government. The market settles "Yes" if Lecornu leaves office at any point between his reappointment and 31 December 2025. The 0% implied probability on Polymarket's order book reflects confidence in his survival through this window, though French prime ministerial tenures have grown notably precarious since Macron's 2017 election.

French governments face structural fragmentation in the current National Assembly. No single bloc commands a majority following the 2024 legislative elections, forcing prime ministers to navigate competing demands from the centre-right Republicans, the Socialist Party, and other factions whilst avoiding triggering a no-confidence motion. Édouard Philippe lasted two years under similar conditions; Élisabeth Borne and Gabriel Attal each served under a year. Lecornu's previous resignation demonstrates his vulnerability to parliamentary pressure and cabinet-building difficulties.

Key catalysts include parliamentary votes on government confidence, budgetary negotiations scheduled for late 2024 and 2025, and any significant policy defeats. The government's ability to pass spending legislation without triggering article 49.3 constitutional procedures—which can provoke no-confidence votes—will test Lecornu's political durability. Announcements of ministerial departures or public splits within the coalition would signal instability ahead of potential resignation or dismissal.

Wikipedia Context

  • Patrice Lecornu

    Patrice Lecornu was a French professional footballer who played as a striker. He died on 3 October 2023, at the age of 65.

  • Le Cornu

    Le Cornu is a surname originally of French origin, and in particular from Calvados and the area around Bayeux. It has a number of variants, including 'Cornu', 'Lecornue', 'Lecornu' and 'Cornut'. Tosti comments that it was 'a name that some bearers found difficult to wear as it immediately and incontrovertibly evoked a horned person, or a cuckold'. However, t

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 "Lecornu out as French PM by...?" 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?

$321K in lifetime turnover and $10K of resting liquidity puts this market in the top 30% by volume for politics contracts on PolyGram. Order-book depth is thin — large orders may need to be split across the book or executed as limit orders.

The market has been open for 7 months — long enough that the order book is mature and price is well-anchored to fundamentals.

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 31 December 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 "Lecornu out as French PM by...?"?

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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