Trader consensus on Polymarket prices Chun Jae-soo at 70.5% implied probability to win the 2026 Busan Mayoral Election, well ahead of incumbent Park Heong-joon (People Power Party) at 27.5%, with other candidates like Lee Jae-sung and Cho Kuk below 2%. This sentiment stems from recent polls, including a September 2024 Realmeter survey showing Chun leading 48% to Park's 38%, bolstered by the Democratic Party's national momentum after April 2024 legislative victories. Park's incumbency advantage wanes amid local economic critiques and stagnant approval ratings around 45%, while Chun gains from regional name recognition and party primaries concluding favorably. Low odds for independents or minor figures reflect two-party dominance in Busan. Candidate registrations open in Q1 2026, potentially catalyzing shifts.
Experimental AI-generated summary referencing Polymarket data · Updated2026 Busan Mayoral Election Winner
2026 Busan Mayoral Election Winner
Chun Jae-soo 71%
Park Heong-joon 28%
Lee Jae-sung 1.5%
Choi In-ho <1%
$38,592 Vol.
$38,592 Vol.

Chun Jae-soo
71%

Park Heong-joon
28%

Lee Jae-sung
2%

Choi In-ho
1%

Cho Kuk
1%

Suh Byung-soo
1%

Cho Kyoung-tae
1%

Park Jae-ho
1%

Park Seong-hoon
<1%

Kim Do-eup
<1%

Kim Young-choon
<1%

Hong Soon-heon
<1%
Chun Jae-soo 71%
Park Heong-joon 28%
Lee Jae-sung 1.5%
Choi In-ho <1%
$38,592 Vol.
$38,592 Vol.

Chun Jae-soo
71%

Park Heong-joon
28%

Lee Jae-sung
2%

Choi In-ho
1%

Cho Kuk
1%

Suh Byung-soo
1%

Cho Kyoung-tae
1%

Park Jae-ho
1%

Park Seong-hoon
<1%

Kim Do-eup
<1%

Kim Young-choon
<1%

Hong Soon-heon
<1%
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.
Market Opened: Nov 12, 2025, 7:03 PM ET
Resolver
0x2F5e3684c...Resolver
0x2F5e3684c...Trader consensus on Polymarket prices Chun Jae-soo at 70.5% implied probability to win the 2026 Busan Mayoral Election, well ahead of incumbent Park Heong-joon (People Power Party) at 27.5%, with other candidates like Lee Jae-sung and Cho Kuk below 2%. This sentiment stems from recent polls, including a September 2024 Realmeter survey showing Chun leading 48% to Park's 38%, bolstered by the Democratic Party's national momentum after April 2024 legislative victories. Park's incumbency advantage wanes amid local economic critiques and stagnant approval ratings around 45%, while Chun gains from regional name recognition and party primaries concluding favorably. Low odds for independents or minor figures reflect two-party dominance in Busan. Candidate registrations open in Q1 2026, potentially catalyzing shifts.
Experimental AI-generated summary referencing Polymarket data · Updated


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