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icon for Jung Chung-rae out as DP leader by...?
Politics·Dpk

Jung Chung-rae out as DP leader by...?

icon for Jung Chung-rae out as DP leader by...?
Politics·Dpk

Jung Chung-rae out as DP leader by...?

$14,883 Vol.

Dec 31, 2026
Polymarket

$14,883 Vol.

Polymarket

December 31

$14,743 Vol.

82%

June 30

$140 Vol.

45%

This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.Jung Chung-rae, elected Democratic Party chair in August 2025, faces mounting internal pressure following the June 3, 2026, local elections. The party secured 12 of 16 metropolitan and provincial contests but lost the high-profile Seoul mayoral race, prompting pro-Lee Jae-myung factions to blame his hardline style and demand accountability or resignation. Speculation centers on potential challengers, including figures like Prime Minister Kim Min-seok, ahead of the scheduled August 2026 leadership convention where Jung seeks re-election amid debates over one-member-one-vote reforms and party direction. These factional tensions and election outcomes represent the primary near-term catalysts for any leadership transition.

This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect.

If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution.

The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.
Volume
$14,883
End Date
Dec 31, 2026
Market Opened
May 15, 2026, 3:01 PM ET

Resolver

0x65070BE91...
This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.
This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.Jung Chung-rae, elected Democratic Party chair in August 2025, faces mounting internal pressure following the June 3, 2026, local elections. The party secured 12 of 16 metropolitan and provincial contests but lost the high-profile Seoul mayoral race, prompting pro-Lee Jae-myung factions to blame his hardline style and demand accountability or resignation. Speculation centers on potential challengers, including figures like Prime Minister Kim Min-seok, ahead of the scheduled August 2026 leadership convention where Jung seeks re-election amid debates over one-member-one-vote reforms and party direction. These factional tensions and election outcomes represent the primary near-term catalysts for any leadership transition.

This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect.

If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution.

The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.
Volume
$14,883
End Date
Dec 31, 2026
Market Opened
May 15, 2026, 3:01 PM ET

Resolver

0x65070BE91...
This market will resolve to “Yes” if Jung Chung-rae ceases to be the leader of the Democratic Party of Korea for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. An announcement of Chung-rae’s resignation/removal before this market’s end date will immediately resolve this market to “Yes”, regardless of when the announced resignation/removal goes into effect. If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution. The resolution source for this market will be official information from Jung Chung-rae and the Democratic Party of Korea; however, a consensus of credible reporting may also be used.

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Frequently Asked Questions

"Jung Chung-rae out as DP leader by...?" is a prediction market on Polymarket with 2 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "December 31" at 82%, followed by "June 30" at 45%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 82¢ implies that the market collectively assigns a 82% 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, "Jung Chung-rae out as DP leader by...?" has generated $14.9K in total trading volume since the market launched on May 15, 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 "Jung Chung-rae out as DP leader by...?," browse the 2 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 "Jung Chung-rae out as DP leader by...?" is "December 31" at 82%, meaning the market assigns a 82% chance to that outcome. The next closest outcome is "June 30" at 45%. 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 "Jung Chung-rae out as DP leader by...?" 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.