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Politics·South Korea

2026 Busan Mayoral Election Winner

Market icon
Politics·South Korea

2026 Busan Mayoral Election Winner

Chun Jae-soo 71%

Park Heong-joon 22%

Cho Kuk 1.2%

Suh Byung-soo 1.1%

Polymarket

$344,388 Vol.

Chun Jae-soo 71%

Park Heong-joon 22%

Cho Kuk 1.2%

Suh Byung-soo 1.1%

Polymarket

$344,388 Vol.

Market icon

Chun Jae-soo

$29,047 Vol.

71%

Market icon

Park Heong-joon

$11,235 Vol.

22%

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Cho Kuk

$125,097 Vol.

1%

Market icon

Suh Byung-soo

$114,919 Vol.

1%

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Choi In-ho

$32,093 Vol.

1%

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Lee Jae-sung

$3,152 Vol.

1%

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Cho Kyoung-tae

$6,273 Vol.

1%

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Kim Young-choon

$6,649 Vol.

<1%

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Park Seong-hoon

$3,105 Vol.

<1%

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Hong Soon-heon

$3,299 Vol.

<1%

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Park Jae-ho

$3,556 Vol.

<1%

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Kim Do-eup

$6,316 Vol.

<1%

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 listed candidate that wins this election. If the result of this election isn't known 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.Trader consensus on Polymarket heavily favors Democratic Party lawmaker Chun Jae-soo at 70% implied probability to win the June 3, 2026 Busan mayoral election, driven by recent opinion polls showing him leading incumbent People Power Party Mayor Park Heong-joon 43.7% to 27.1% and rival Rep. Joo Jin-woo 54.4% to 23.6%, both beyond the margin of error. These surveys from late March underscore opposition momentum in this battleground amid Park's bid for a third term, complicated by his dramatic March 23 head-shaving protest at the National Assembly over the stalled Busan Global Hub City special bill. Ongoing party primaries—Democratic Party pitting Chun against Lee Jae-sung, and People Power Party featuring Park versus Joo following their March 27 TV debate—represent key upcoming events that could shift dynamics ahead of the local elections. Park trails at 21.5%, with other candidates like Cho Kuk below 2%, highlighting Chun's polling dominance as the primary market driver.

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 listed candidate that wins this election.

If the result of this election isn't known 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.
Volume
$344,388
End Date
Jun 3, 2026
Market Opened
Nov 12, 2025, 7:03 PM ET

Resolver

0x2F5e3684c...
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 listed candidate that wins this election. If the result of this election isn't known 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.
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 listed candidate that wins this election. If the result of this election isn't known 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.Trader consensus on Polymarket heavily favors Democratic Party lawmaker Chun Jae-soo at 70% implied probability to win the June 3, 2026 Busan mayoral election, driven by recent opinion polls showing him leading incumbent People Power Party Mayor Park Heong-joon 43.7% to 27.1% and rival Rep. Joo Jin-woo 54.4% to 23.6%, both beyond the margin of error. These surveys from late March underscore opposition momentum in this battleground amid Park's bid for a third term, complicated by his dramatic March 23 head-shaving protest at the National Assembly over the stalled Busan Global Hub City special bill. Ongoing party primaries—Democratic Party pitting Chun against Lee Jae-sung, and People Power Party featuring Park versus Joo following their March 27 TV debate—represent key upcoming events that could shift dynamics ahead of the local elections. Park trails at 21.5%, with other candidates like Cho Kuk below 2%, highlighting Chun's polling dominance as the primary market driver.

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 listed candidate that wins this election.

If the result of this election isn't known 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.
Volume
$344,388
End Date
Jun 3, 2026
Market Opened
Nov 12, 2025, 7:03 PM ET

Resolver

0x2F5e3684c...
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 listed candidate that wins this election. If the result of this election isn't known 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.

Beware of external links.

Frequently Asked Questions

"2026 Busan Mayoral Election Winner" is a prediction market on Polymarket with 12 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Chun Jae-soo" at 71%, followed by "Park Heong-joon" at 22%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 71¢ implies that the market collectively assigns a 71% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "2026 Busan Mayoral Election Winner" has generated $344.4K in total trading volume since the market launched on Nov 13, 2025. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "2026 Busan Mayoral Election Winner," browse the 12 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "2026 Busan Mayoral Election Winner" is "Chun Jae-soo" at 71%, meaning the market assigns a 71% chance to that outcome. The next closest outcome is "Park Heong-joon" at 22%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "2026 Busan Mayoral Election Winner" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.