Will Zinedine Zidane be appointed as manager of Real Madrid?

The Zidane appointment market is severely illiquid with zero 24-hour volume despite $294.5K open interest, and the 7¢ spread represents a massive 175% bid-ask gap that distorts the 4¢ price signal. The astronomical 2,681% implied yield on the Yes side reflects extreme mispricing rather than genuine probability—this is a classic low-liquidity trap where the tiny position size required to move price creates nonsensical yield calculations. With 259 days to expiry and a neutral regime, the market lacks conviction; the recent 1¢ price decline and 4.30 volatility ratio suggest this is a dead market awaiting either significant news (Zidane appointment rumors) or resolution clarity.

Resolution rules

This market will resolve according to the person who is appointed as the next permanent manager of Real Madrid. If no permanent manager is appointed by December 31, 2026, 11:59 PM ET, the market will resolve to "Other." Appointments of 'interim,' 'caretaker,' or other non-permanent managers will not impact this market's resolution. An announcement of a new permanent manager's appointment before this market's close date will immediately resolve this market to the corresponding option, regardless of when the announced appointment goes into effect. The primary resolution source for this market will be official information from Real Madrid; however, a consensus of credible reporting will also be used.

Indicators

Regime

Trade