Will Park Heong-joon win the 2026 Busan mayoral election by between 5% and 10%?
Probability
7¢
1h
+0.5pp
24h
-2.0pp
24h Vol
$34.68
Liquidity
$7.8K
Canonical status
confidence: highSource status (Polymarket)
Derived status (Orrery)
Reason
Resolves in 52h.
The derived status is computed from the source flags plus the live YES price, so a market trading near a rail can read as PRICE-PINNED while upstream is still active. That isn't the same as resolved.
Resolution & Risk
HIGH risk- End date
- Jun 3, 2026
- UMA status
- n/a
- Resolution source
- Market type
- Multi-outcome (neg-risk)
- Part of a multi-outcome event (neg-risk): only one market can resolve YES.
- Market expires Jun 3, 2026 — dispute window active.
Probability (last 7 days)
+0.0pp 7dWhy did it move?
Structured · 3 factors- 01Price move
Down 2pp over 24h
Now 7¢; +0.5pp in the last hour.
- 02Active signal
Resolution-risk observation firing
Expires in 52h.
- 03Liquidity
Thin liquidity
Only $7.8k of visible book — small orders can move the line. Treat the probability as a soft estimate.
What to track next
- Verify the resolution source on this page — exchange feed, official release, news consensus — before treating any move as new information.
- Set an alert for resolution status changes — expiry is in 52 hours.
Verification actions only — never trade recommendations.
Each factor is grounded in a single named metric you can verify on this page — probability, volume, liquidity, signal, resolution state. No predictions, no prose hallucinations.
Resolution & Risk
HIGH risk- End date
- Jun 3, 2026
- UMA status
- n/a
- Resolution source
- Market type
- Multi-outcome (neg-risk)
- Part of a multi-outcome event (neg-risk): only one market can resolve YES.
- Market expires Jun 3, 2026 — dispute window active.
Timeline
critical · price · trade flowCritical
- Jun 3, 18:00 UTCScheduled resolutionHIGH
Market resolves in 51.5h
- 14:27SignalLOW
Resolution risk
Expires in 52h.
Price movement
-2.0pp over the last 24h, now 7¢.
Biggest hourly move: -32.0pp at May 29, 14:00 UTC (to 8¢).
Show top 8 of 14 hourly moves
- May 30, 00:00 UTC · -26.5pp → 8¢
- May 29, 23:00 UTC · -27.0pp → 8¢
- May 29, 21:00 UTC · -27.5pp → 8¢
- May 29, 20:00 UTC · -29.5pp → 8¢
- May 29, 18:00 UTC · -29.5pp → 8¢
- May 29, 17:00 UTC · -29.0pp → 8¢
- May 29, 15:00 UTC · -30.5pp → 8¢
- May 29, 14:00 UTC · -32.0pp → 8¢
Active signals
Recent Trades
No recent trades visible from the Data API for this market. That usually means liquidity is thin or this market is between event windows.
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Market Description
The 2026 Busan mayoral election is scheduled to take place on June 3, 2026, to elect the next mayor of Busan. This market will resolve according to the margin of victory between the top two candidates in the specified election. For the purpose of this market, the “margin of victory” is defined as the absolute difference between the percentages of valid votes received by the first-place and second-place candidates. Percentages of the valid votes received by each candidate will be determined by dividing the total number of valid votes each of the top two candidates receives by the sum of all valid votes cast in the election. If the reported value falls exactly between two brackets, then this market will resolve to the higher margin bracket. If two or more candidates tie for the most valid votes in this election, and the tie is between two candidates listed, this market will resolve to the lowest margin bracket for the candidate whose listed last name comes first in alphabetical order. If the tie is between a listed candidate and an unlisted candidate, this market will resolve to the lowest margin bracket for the listed candidate. If the tie is between two or more unlisted candidates, this market will resolve to “Other.” This market will resolve based on the official vote count once the count has been made official. If the election results are not known definitively 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 (https://www.nec.go.kr/). If a recount is initiated before the vote total has been made official, the market will remain open until the recount is completed and the vote is made official.
Why this category?
confidence: highCategory
Source
Matched term
mayoral electionReason
Mayoral / city-election markets are Politics. Also guards against the esports LEC token inside 'election'.
Categories come from a deterministic engine: manual overrides (highest priority) → sports hard markers → event-tag rules → keyword rules → Gamma category hint → default. The engine is versioned in category-overrides.ts; methodology lives at /methodology.
FAQ — questions readers actually ask
What is the current Polymarket probability for "Will Park Heong-joon win the 2026 Busan mayoral election by between 5% and 10%?"?
As of Mon, 01 Jun 2026 14:27:25 GMT, YES is priced at 7% implied probability on Polymarket. The price changed -2.0pp in the last 24 hours, +0.5pp in the last hour, and +0.0pp in the last 7 days.
When does this market resolve?
This market resolves by Jun 3, 2026 (2026-06-03T18:00:00.000Z). Resolution is determined from the market description on Polymarket.
What source determines the outcome?
Resolution is sourced from the market description on Polymarket. Polymarket's UMA optimistic oracle is the final settlement layer; if the published source is ambiguous, UMA tokenholders adjudicate. Source-extraction confidence is shown in the Resolution & Risk block above.
How much is being traded on this market?
$34.68 of trading volume in the last 24 hours. Lifetime volume on Polymarket: $52.23. Open liquidity in the YES/NO orderbooks: $7.8K. Spread between best bid and best ask: 3.0¢.
Is this a trade recommendation?
No. Orrery describes — never predicts. Every signal on this market carries explicit Evidence, Backtest, and Action tiers. The Action is always one of: Watch only, Inspect timeline, Create alert, Verify source, or Ignore — never Buy or Sell. The probability above is the market's collective implied probability, not a forecast Orrery is publishing.
How fresh is this data and where does it come from?
This page revalidates from the public Polymarket APIs every 30 seconds. Probability and 24h-change come from Gamma; the chart series comes from the CLOB orderbook history; trade and holder data come from the Data API. The fetched-at timestamp on each block tells you exactly how old the underlying upstream pull was.
Alerts
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