Victoria State Election 2026: Polymarket vs Kalshi Prices

Official rule text

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to "Yes" according to which party or coalition wins the most seats in the Legislative Council (Victoria's upper house) as a result of the next Victorian state election. If the results of this election are not known definitively by March 31, 2027, 11:59 PM ET, this market will resolve to "Other". Liberal–National refers to the Liberal–National Coalition. Liberal–National will include all Legislative Council seats won by both the Liberal Party and the Nationals, including members elected from joint Liberal–National groups, regardless of their parliamentary coalition behaviour, and its first-preference vote total will include the votes received by both parties. Each Legislative Council seat will be attributed to the party under whose name the elected candidate, or the elected candidate's group, appeared on the ballot paper. Parties and coalitions will be primarily ranked by the total number of Legislative Council seats won across all eight electoral regions. If two or more are tied on seats, ties will be broken by the total number of formal first-preference votes received in the Legislative Council election across all eight electoral regions, counting both above-the-line votes for the party's group and below-the-line first-preference votes for its candidates, with higher vote totals ranking higher. If they remain tied, ties will be broken by alphabetical order of the listed names. This market will resolve to the party or coalition that occupies the highest finishing position after applying this ranking. 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 Victorian government, including the Victorian Electoral Commission (VEC) (https://www.vec.vic.gov.au/).

Official rule text

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to "Yes" according to which party or coalition wins the most seats in the Legislative Assembly (Victoria's lower house) as a result of the next Victorian state election. If the results of this election are not known definitively by March 31, 2027, 11:59 PM ET, this market will resolve to "Other". Liberal–National refers to the Liberal–National Coalition. Liberal–National will include all seats won by both the Liberal Party and the Nationals, regardless of their parliamentary coalition behaviour, and its first-preference vote total will include the votes received by both parties. Parties and coalitions will be primarily ranked by the number of seats won in the specified election. If two or more are tied on seats, ties will be broken by the total number of valid first-preference votes received, with higher vote totals ranking higher. If they remain tied, ties will be broken by alphabetical order of the listed names. This market will resolve to the party or coalition that occupies the highest finishing position after applying this ranking. 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 Victorian government, specifically the Victorian Electoral Commission (VEC) (https://www.vec.vic.gov.au/).

Official rule text

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to "Yes" according to which party or coalition wins the third-most seats in the Legislative Assembly (Victoria's lower house) as a result of the next Victorian state election. If the results of this election are not known definitively by March 31, 2027, 11:59 PM ET, this market will resolve to "Other". Liberal–National refers to the Liberal–National Coalition. Liberal–National will include all seats won by both the Liberal Party and the Nationals, regardless of their parliamentary coalition behaviour, and its first-preference vote total will include the votes received by both parties. Parties and coalitions will be primarily ranked by the number of seats won in the specified election. If two or more are tied on seats, ties will be broken by the total number of valid first-preference votes received, with higher vote totals ranking higher. If they remain tied, ties will be broken by alphabetical order of the listed names. This market will resolve to the party or coalition that occupies the third-highest finishing position after applying this ranking. 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 Victorian government, specifically the Victorian Electoral Commission (VEC) (https://www.vec.vic.gov.au/).

Official rule text

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to "Yes" according to which party or coalition wins the second-most seats in the Legislative Assembly (Victoria's lower house) as a result of the next Victorian state election. If the results of this election are not known definitively by March 31, 2027, 11:59 PM ET, this market will resolve to "Other". Liberal–National refers to the Liberal–National Coalition. Liberal–National will include all seats won by both the Liberal Party and the Nationals, regardless of their parliamentary coalition behaviour, and its first-preference vote total will include the votes received by both parties. Parties and coalitions will be primarily ranked by the number of seats won in the specified election. If two or more are tied on seats, ties will be broken by the total number of valid first-preference votes received, with higher vote totals ranking higher. If they remain tied, ties will be broken by alphabetical order of the listed names. This market will resolve to the party or coalition that occupies the second-highest finishing position after applying this ranking. 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 Victorian government, specifically the Victorian Electoral Commission (VEC) (https://www.vec.vic.gov.au/).

Official rule text

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to the individual who is formally appointed as Premier of Victoria as a result of the specified elections. To count for resolution, the individual must be formally sworn-in as Premier following the specified elections. Any interim or caretaker head of government will not count toward the resolution of this market. If no such Premier is appointed by June 30, 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 Victoria; 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 Australian Labor Party market)

If Australian Labor Party wins the 2026 Victorian state 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. For this market, “Liberals and Nationals” means the combined number of Legislative Assembly seats won by candidates endorsed by the Liberal Party of Australia (Victorian Division) or the National Party of Australia – Victoria. This market is eligible for accelerated resolution by a consensus of media calls. See full rules for details.

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

If the third-most total seats in the Victorian Legislative Assembly are held by Labor following the 2026 Victorian state election, then the market resolves to Yes. Rankings are determined by total seat count after the election, including seats not contested. A seat is won when the candidate is declared elected by the electoral authority and either the challenge period has expired, legal challenges are resolved, or the member has taken their seat. Party affiliation is based on the party under which the candidate was elected, regardless of later changes. In case of ties for a rank, all tied parties at that rank resolve to Yes with values split proportionally. If a ranking is skipped due to ties (e.g., two parties tie for #1, next is #3), markets for the skipped rank (#2) resolve to No. Unlisted parties or groupings count toward rankings and the tie denominator; if only unlisted parties occupy third place, all listed markets resolve to No.

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

If Ben Carroll is the first person to serve as Premier of Victoria after the caretaker period for the 2026 Victorian state election ends before Jan 1, 2027, then the market resolves to Yes. This must be confirmed, verified, or established as factual by at least one Source Agency. The qualifying person is the person serving as Premier of Victoria when the caretaker period following the 2026 Victorian state election ends. If the government changes, this is the incoming Premier sworn in by the Governor. If the incumbent government is returned, this is the Premier in office when the election result becomes clear. Service only in caretaker capacity before that point does NOT qualify. If a person not listed on this event is the first qualifying Premier, every named market resolves NO. If the caretaker period has not ended and no person has qualified before January 1, 2027, every named market resolves NO.