Colombian presidents are elected for four-year terms using a two-round system; if no candidate receives a majority of the vote in the first round, a runoff is held between the top two candidates. The first round of elections for the President of Colombia is scheduled to take place on May 29, 2022. Incumbent President Iván Duque is ineligible for a second term.

If Federico Gutiérrez wins the 2022 Colombian presidential election, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

If no presidential candidate is elected by January 1, 2023, 12:00:00 AM ET, this market will resolve 50-50.

The resolution source for this market will be a consensus of credible reporting, however if there is ambiguity in the election's results official information from the government of Colombia (e.g. http://wsp.presidencia.gov.co/En/Paginas/Presidency.aspx) will be used.