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Elections·Denmark

Next Prime Minister of Faroe Islands

Market icon
Elections·Denmark

Next Prime Minister of Faroe Islands

Beinir Johannesen 97.7%

Bárður á Steig Nielsen 2.0%

Aksel V. Johannesen 1.0%

Ruth Vang <1%

Polymarket

$46,362 Vol.

Beinir Johannesen 97.7%

Bárður á Steig Nielsen 2.0%

Aksel V. Johannesen 1.0%

Ruth Vang <1%

Polymarket

$46,362 Vol.

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Beinir Johannesen

$19,490 Vol.

98%

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Bárður á Steig Nielsen

$7,820 Vol.

2%

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Aksel V. Johannesen

$5,723 Vol.

1%

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Ruth Vang

$3,658 Vol.

1%

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Høgni Hoydal

$7,439 Vol.

<1%

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Jenis av Rana

$2,231 Vol.

<1%

General elections are scheduled to be held in the Faroe Islands on 26 March 2026. This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election. To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market. If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.Beinir Johannesen's commanding 97.8% implied probability stems from his People's Party securing the most seats (9) in the March 26 Løgting election, its strongest showing since 1990, amid the collapse of the prior Social Democratic-led coalition under his uncle, Aksel V. Johannesen. All party leaders endorsed Johannesen as formateur on March 28, prompting his resignation as outgoing Løgmaður and tasking him with coalition talks, which began March 30 targeting a stable 22-seat ABC alliance with the Union Party and Social Democrats ahead of the April 10 deadline. Trader consensus reflects this momentum in the unicameral parliament's government formation process, though prolonged negotiations over issues like housing shortages or the Suðuroy tunnel could pivot to alternatives like a narrower People's-Union-Centre pact excluding him.

General elections are scheduled to be held in the Faroe Islands on 26 March 2026.

This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election.

To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market.

If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.
Volume
$46,362
End Date
Mar 26, 2026
Market Opened
Mar 19, 2026, 7:20 PM ET

Resolver

0x69c47De9D...
General elections are scheduled to be held in the Faroe Islands on 26 March 2026. This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election. To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market. If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.
General elections are scheduled to be held in the Faroe Islands on 26 March 2026. This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election. To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market. If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.Beinir Johannesen's commanding 97.8% implied probability stems from his People's Party securing the most seats (9) in the March 26 Løgting election, its strongest showing since 1990, amid the collapse of the prior Social Democratic-led coalition under his uncle, Aksel V. Johannesen. All party leaders endorsed Johannesen as formateur on March 28, prompting his resignation as outgoing Løgmaður and tasking him with coalition talks, which began March 30 targeting a stable 22-seat ABC alliance with the Union Party and Social Democrats ahead of the April 10 deadline. Trader consensus reflects this momentum in the unicameral parliament's government formation process, though prolonged negotiations over issues like housing shortages or the Suðuroy tunnel could pivot to alternatives like a narrower People's-Union-Centre pact excluding him.

General elections are scheduled to be held in the Faroe Islands on 26 March 2026.

This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election.

To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market.

If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.
Volume
$46,362
End Date
Mar 26, 2026
Market Opened
Mar 19, 2026, 7:20 PM ET

Resolver

0x69c47De9D...
General elections are scheduled to be held in the Faroe Islands on 26 March 2026. This market will resolve to the individual who is formally appointed as Løgmaður (Prime Minister) of the Faroe Islands following the 2026 Faroese general election. To count for resolution, the individual must be formally appointed as Løgmaður following the 2026 Faroese general election. Any interim or caretaker head of government will not count toward the resolution of this market. If no such Prime Minister is appointed by March 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 the Faroe Islands; however, a consensus of credible reporting may also be used.

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Frequently Asked Questions

"Next Prime Minister of Faroe Islands" is a prediction market on Polymarket with 6 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "Beinir Johannesen" at 98%, followed by "Høgni Hoydal" at 8%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 98¢ implies that the market collectively assigns a 98% 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, "Next Prime Minister of Faroe Islands" has generated $46.4K in total trading volume since the market launched on Mar 19, 2026. 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 "Next Prime Minister of Faroe Islands," browse the 6 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 "Next Prime Minister of Faroe Islands" is "Beinir Johannesen" at 98%, meaning the market assigns a 98% chance to that outcome. The next closest outcome is "Høgni Hoydal" at 8%. 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 "Next Prime Minister of Faroe Islands" 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.