Who will win the next Philippine presidential election?

Prediction markets currently give a 9% probability that Who will win the next Philippine presidential election?. This contract trades at 9¢ on Kalshi, closing May 31, 2029. This market on Win Gatchalian winning the 2028 Philippine presidential election is severely illiquid with only $93 open interest and zero 24-hour volume, making the 9-cent price potentially unreliable.

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9¢
Bid/Ask 3/8¢·Spread 5¢·Vol $0·OI $93·Closes May 31, 2029·1136d remaining
KXPHILIPPINESPRES-28-WGAT

Analysis

4d ago

This market on Win Gatchalian winning the 2028 Philippine presidential election is severely illiquid with only $93 open interest and zero 24-hour volume, making the 9-cent price potentially unreliable. The extreme 1034.7% implied yield on the Yes side combined with a wide 5-cent spread suggests minimal trading activity and high uncertainty around this relatively obscure candidate's viability. With 1,141 days until expiration, the market has substantial time decay risk, though the neutral regime score indicates no immediate directional pressure that would justify such a low probability for a sitting politician.

Resolution rules

If the winner of the next Philippine presidential election in 2028 is Win Gatchalian, then the market resolves to Yes.

Indicators

IY (Yes) 1039.1%
IY (No) 1.0%
Adj IY 520%
CRI 32
Overround -0.2%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)1039.1%
IY (No)1.0%
Adj IY520%
CRI32
Overround-0.2%

Regime

Label
neutral
Score
0.409
Spread
5¢
Computed
4/21/2026, 8:13:53 PM
Observability mediumEvent type political
Indicators computed 4/21/2026, 8:08:17 PM

Trade

View on kalshisf trade KXPHILIPPINESPRES-28-WGAT yes 100

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