New Zealand General Election 2026: Polymarket vs Kalshi Prices

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the political party that wins the third-greatest number of seats in the New Zealand House of Representatives as a result of this election. If the results of this election are not known definitively by October 31, 2027, 11:59 PM ET, this market will resolve to “Other”. The named parties or coalitions will be primarily ranked by the number of seats won in the specified election. If two or more parties are tied on seats, ties will be broken by the total number of valid party list votes received, with higher vote totals ranking higher. If parties remain tied, ties will be broken by alphabetical order of the listed party name. This market will resolve to the party that occupies the third-highest finishing position after applying this ranking. This market’s resolution will be based solely on the number of seats won by the named party in the New Zealand House of Representatives in this election. This market will resolve based on the results of this election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results reported by New Zealand government sources such as the New Zealand Electoral Commission (https://elections.nz/).

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the political party that wins the greatest number of seats in the New Zealand House of Representatives as a result of this election. If the results of this election are not known definitively by October 31, 2027, 11:59 PM ET, this market will resolve to "Other". In the event of a tie between multiple parties for the most seats won, this market will resolve in favor of the party that received a greater number of valid part list votes. In the event that results in a tie, this market will resolve in favor of the party whose listed name appears first in alphabetical order. This market's resolution will be based solely on the number of seats won by the named party in the New Zealand House of Representatives in this election. This market will resolve based on the results of this election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results reported by New Zealand government sources such as the New Zealand Electoral Commission (https://elections.nz/).

Official rule text (Kalshi lists one market per option with the same wording; shown here for the National market)

If the National party wins the next New Zealand general election, then the market resolves to Yes. For parliamentary/legislative elections, the winner is the party, coalition, or alliance winning the most seats in the specified chamber. If two parties have the same number of seats, the one entering government will resolve to Yes and all others to No; if both or neither enter government, the one with the higher share of the vote will resolve to Yes and all others to No. This market may resolve early once a consensus of designated media sources has declared a winner. See full rules for details.

Official rule text

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.

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the official voter turnout rate for the 2026 New Zealand general election, defined as the total number of votes cast divided by the total number of enrolled voters (votes cast to electors on master roll, combined total of General and Māori electorate). If the reported value falls exactly between two brackets, this market will resolve to the higher bracket. If the results of this election are not definitively known by October 31, 2027, 11:59 PM ET, this market will resolve to the lowest bracket. The primary resolution source for this market will be official election results reported by the New Zealand Electoral Commission (https://elections.nz/); however, a consensus of credible reporting may also be used if official results are not available.

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve to “Yes” if the listed political party is included in the first New Zealand government formed after the 2026 New Zealand general election. Otherwise, this market will resolve to “No”. 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. A party will only be considered part of the government 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. If no government is formed, or the results are not known definitively by January 31, 2028, 11:59 PM ET, this market will resolve to “No”. 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.

Official rule text (Kalshi lists one market per option with the same wording; shown here for the National market)

If a coalition that includes National makes up the next elected ruling government of New Zealand before Mar 15, 2027, then the market resolves to Yes. This market is not mutually exclusive and multiple markets may resolve to Yes. A party is considered to be part of government if one or more of its representatives hold at least one ministerial or cabinet-level position (including junior ministers or equivalent executive roles, if applicable) in the new government. This evaluation shall occur at the first official, stable formation of the government (i.e., once the legislative process for forming a government is complete and the head of state appoints ministers under normal non-caretaker circumstances). A party governing alone qualifies under this ministerial-position test. A confidence and supply arrangement (or any analogous agreement), where a party does not hold formal cabinet or ministerial positions but has publicly agreed, through a formal written agreement or a widely recognized, explicitly stated political deal, to support the government on key votes (e.g., votes of confidence, budget/finance bills) without formally joining the cabinet or government, counts only when expressly specified in the market’s party description. These individual-party descriptions do not specify such an arrangement, so confidence and supply without a qualifying ministerial position does not count. If, following the election, a caretaker or interim government is appointed temporarily before the formal government formation, this caretaker period does not count for determining a given party’s status.

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the number of seats won by the Labour Party in the New Zealand House of Representatives as a result of this election. If the results of this election are not definitively known by October 31, 2027, 11:59 PM ET, this market will resolve to the lowest range bracket. This market’s resolution will be based solely on the number of seats won by the Labour Party in this election. 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 published by the New Zealand Electoral Commission (https://elections.nz/).

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the number of seats won by the National Party in the New Zealand House of Representatives as a result of this election. If the results of this election are not definitively known by October 31, 2027, 11:59 PM ET, this market will resolve to the lowest range bracket. This market’s resolution will be based solely on the number of seats won by the National Party in this election. 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 published by the New Zealand Electoral Commission (https://elections.nz/).

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. New Zealand uses a mixed-member proportional electoral system in which most voters cast two votes: one for a candidate in a single-member electorate and one party vote for a political party list. This market will resolve according to the margin of victory between the top two parties in terms of party list votes in this election. The “margin of victory” is defined as the absolute difference between the percentages of valid party list votes received by the party that wins the most party list votes and the party that wins the second-most party list votes. Percentages of valid party list votes received by each party will be determined by dividing the total number of valid party list votes each of the top two parties receives by the sum of all valid party list votes cast in the election. This market includes party list votes cast by both the general electorate and the Maori electorate. This market will resolve solely based on party list votes cast in this election. Electorate votes will not be considered. If two or more parties tie for the most valid party list votes in this election, this market will resolve to the lowest margin bracket for the party whose listed name comes first in alphabetical order. If the results of this election are not definitively known by October 31, 2027, 11:59 PM ET, this market will resolve to “Other”. This market will resolve based on the official election results reported by the New Zealand Electoral Commission (https://elections.nz/). However, an overwhelming consensus of credible reporting may also suffice.

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. New Zealand uses a mixed-member proportional electoral system in which most voters cast two votes: one for a candidate in a single-member electorate and one party vote for a political party list. This market will resolve to “Labour” if the Labour Party receives a higher percentage of valid party list votes than the National Party in this election. This market will resolve to “National” if the National Party receives a higher percentage of valid party list votes than the Labour Party in this election. Percentages of valid party list votes received by the Labour Party and the National Party will be determined by dividing the total number of valid party list votes each party receives by the sum of all valid party list votes cast in the election. This market includes party list votes cast by both the general electorate and the Māori electorate. This market will resolve solely based on party list votes cast in this election. Electorate votes will not be considered. If the Labour Party and the National Party receive the same percentage of valid party list votes in this election, this market will resolve 50-50. If the results of this election are not definitively known by October 31, 2027, 11:59 PM ET, this market will resolve 50-50. This market will resolve based on the official election results reported by the New Zealand Electoral Commission (https://elections.nz/). However, an overwhelming consensus of credible reporting may also suffice.

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve according to the political party that wins the second-greatest number of seats in the New Zealand House of Representatives as a result of this election. If the results of this election are not known definitively by October 31, 2027, 11:59 PM ET, this market will resolve to "Other". The named parties or coalitions will be primarily ranked by the number of seats won in the specified election. If two or more parties are tied on seats, ties will be broken by the total number of valid party list votes received, with higher vote totals ranking higher. If parties remain tied, ties will be broken by alphabetical order of the listed party name. This market will resolve to the party that occupies the second-highest finishing position after applying this ranking. This market's resolution will be based solely on the number of seats won by the named party in the New Zealand House of Representatives in this election. This market will resolve based on the results of this election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results reported by New Zealand government sources such as the New Zealand Electoral Commission (https://elections.nz/).

Official rule text

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve to the next individual who officially assumes the office of Prime Minister of New Zealand following the 2026 General elections. To count for resolution, the individual must be officially appointed by the Governor-General as Prime Minister of New Zealand. Any interim or caretaker Prime Minister will not count toward the resolution of this market. If no such Prime Minister takes office by December 31, 2027, 11:59 PM ET, this market will resolve to “Other”. The primary resolution source for this market will be official information from the Government of New Zealand; however, a consensus of credible reporting may also be used.

Official rule text (Kalshi lists one market per option with the same wording; shown here for the Christopher Luxon market)

If Christopher Luxon becomes Prime Minister of New Zealand as a result of government formation following the 2026 New Zealand general election and meets all constitutional requirements before Nov 7, 2027, then the market resolves to Yes. The market resolves to the first person who, as a result of government formation following the election, is formally appointed, sworn in, or invested as Prime Minister according to the country's constitutional procedures, commands the confidence of the parliament/legislature, and exercises the full powers of the office (not serving in a caretaker/acting capacity from the previous government). If no government forms by Nov 7, 2027, the Contract resolves to "No one" if that is an option and No for all other strikes. If new elections are called before government formation, the Contract resolves to "No one" immediately and No for all other strikes. This market is eligible for accelerated resolution by a consensus of media calls. See full rules for details.