# Pedro Sánchez out as PM of Spain by...

> December 31, 2026 leads at 17%, runner-up 3% across 2 winner-take-all outcomes — refreshed 4 min ago.

URL: https://simplefunctions.dev/odds/pedro-snchez-out-as-pm-of-spain
Updated: 2026-05-03T21:05:51.493Z
Category: general
Status: active
Closes: 2026-12-31

## Headline

- Leader: December 31, 2026 at 17%
- Runner-up: June 30, 2026 at 3%
- Outcomes: 2 (winner-take-all)
- Venue: Polymarket (2 contracts)
- 24h volume: $87

## Bound contracts (2)

| Outcome | Price | 24h | Volume | Venue | Slug |
|---|---|---|---|---|---|
| December 31, 2026 | 17¢ | −1pp | $37 | polymarket | /markets/pedro-snchez-out-as-pm-of-spain-by-december-31-202-polymarket-0x890f9b8de730479549e95027f26aad5ce89ecc4a42a6fd6316d0b0aec9a5aad1 |
| June 30, 2026 | 3¢ | ±0 | $50 | polymarket | /markets/pedro-snchez-out-as-pm-of-spain-by-june-30-2026-polymarket-0x56f429da08529abec24c531b7accf689d84e68096c4983d375ff37f316f46dae |

## 30-day trajectory

| Day | December 31, 2026 | June 30, 2026 |
|---|---|---|
| 2026-04-08 | 21 | 5 |
| 2026-04-19 | 21 | 7 |
| 2026-04-26 | 21 | — |
| 2026-04-27 | 21 | 4 |
| 2026-05-03 | 19 | 5 |

_26 days of price history captured. Each row is the daily mean of intraday 5-min captures._

## What moved the line

- 2026-04-28 · June 30, 2026 +18pp 4→22¢ · polymarket
- 2026-04-30 · June 30, 2026 −18pp 22→4¢ · polymarket
- 2026-04-28 · December 31, 2026 −3pp 21→18¢ · polymarket

## Analysis

This market indicates a modest 18% probability that Pedro Sánchez will cease being Spain's Prime Minister by an unspecified future date. The relatively low probability reflects Sánchez's current political position, though Spain's fragmented parliament and his dependence on coalition partners create ongoing governance uncertainty. Factors pushing the probability higher include potential political instability, coalition breakdowns, or electoral defeats. Factors supporting the lower level are Sánchez's demonstrated ability to maintain his position despite numerous challenges since 2018, and the absence of imminent near-term political events that would force his resignation. The primary driver of movement would be significant changes to Spanish coalition dynamics or unexpected political crises that destabilize his government. Without a specific deadline in this contract, resolution depends on longer-term political developments rather than a single scheduled event.

### Key factors

- Sánchez's coalition government relies on external support from regional and minority parties whose backing could shift unpredictably
- Spain's fragmented parliament has historically made single-party governance difficult, increasing reliance on negotiated coalitions
- Spanish political dynamics have shown capacity for sudden government instability, as evidenced by previous confidence votes and coalition tensions
- The market prices this lower than some other international leaders despite similar structural vulnerabilities, suggesting relative confidence in Sánchez's political survival
- No specific date is anchored to this contract, making it dependent on unscheduled political events rather than electoral calendars

## Methodology

Headline is the **leader's price**, not an arithmetic mean — averaging disjoint winner-take-all outcomes is meaningless. Per-outcome prices come from the venue's last-traded mid; cross-venue values are simple means across contracts on each venue.

## How to use this data

- HTML: https://simplefunctions.dev/odds/pedro-snchez-out-as-pm-of-spain
- JSON: https://simplefunctions.dev/api/public/odds?slug=pedro-snchez-out-as-pm-of-spain

## License

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