Major US official out by May 31?

Market participants currently imply a 24.0% probability for "Major US official out by May 31?".

The YES side is priced at 24.0¢, and the NO side at 71.0¢.

Liquidity is low, supported by $232 in recent trading activity.

Resolution Criteria

This market will resolve to “Yes” if at least one individual holding one of the following governmental positions ceases to hold their position, prior to the end of their scheduled term, for any period of time between market creation and May 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The included positions are:

• President of the United States
• Vice-President of the United States
• United States Cabinet Member
• United States Senator
• U.S. Representative
• Governor of a US State
• Member of the Joint Chiefs of Staff of the United States military
• Chair of the Federal Reserve
• Member of the Federal Reserve Board of Governors
• Supreme Court Justice
• FBI Director
• Speaker of the House
• Senate Majority Leader
• Senate Minority Leader
• House Majority Leader
• House Minority Leader

For the purposes of this market, the Cabinet includes the heads of the 15 executive departments, as well as the Administrator of the Environmental Protection Agency (EPA), the President’s Chief of Staff, the Director of National Intelligence (DNI), the Director of the Office of Management and Budget (OMB), the Director of the Central Intelligence Agency (CIA), the United States Trade Representative (USTR), the Ambassador to the United Nations, the Chair of the Council of Economic Advisers (CEA), and the Administrator of the Small Business Administration (SBA). The Director of the Office of Science and Technology Policy (OSTP) is not considered Cabinet-level under the current Trump administration and is excluded from this market.

An announcement of a relevant individual'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.

Acting or interim officials serving in these roles are not included.

A qualifying individual leaving their position at the end of their regularly scheduled term (e.g. a house member’s replacement through election, or the end of a member of the Fed Board’s term) will not qualify.

If a qualifying 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.
For congressional leadership positions (e.g. Speaker of the House, Senate Majority Leader), the relevant individual is not required to cease holding their congressional seat, provided they cease holding their leadership position.

The resolution source for this market will be official information from the relevant individual and the government of the United States; however, a consensus of credible reporting may also be used.

Market Interpretation

Prediction markets function as real-time consensus engines.

Traders continuously buy and sell outcome shares based on:

• breaking news
• macro developments
• public narratives
• institutional positioning
• probability reassessments

As a result, market pricing reflects aggregate trader expectations rather than static forecasts or polling systems.

At the current pricing structure:

• YES trades near 24.0¢
• NO trades near 71.0¢
• Implied probability sits near 24.0%

These probabilities may shift rapidly as new information enters the market.

Liquidity & Conviction Analysis

As of May 13, 2026 at 04:29 PM, liquidity conditions act as a primary structural filter on prediction market signal quality.

Medium liquidity conviction suggests moderate participation depth, where price discovery is active but not fully saturated by institutional or high-frequency flow.

Higher liquidity environments typically produce:

• tighter spreads
• faster price discovery
• stronger informational efficiency
• lower pricing instability

Lower liquidity environments tend to exhibit:

• wider spreads
• delayed consensus formation
• increased volatility from isolated trades
• weaker signal reliability in short time windows

Overall, liquidity acts as a direct proxy for how “stable” the implied probability surface is at any given moment.

Why This Signal Exists in Prediction Markets

Prediction markets function as continuous consensus engines where probability is not stated — it is priced.

Each trade updates a live belief distribution, turning scattered human judgment into a single evolving likelihood curve.

Compared to static polling or narrative reporting, this structure adapts instantly to:

• regime shifts in geopolitics
• macroeconomic shocks and policy changes
• institutional order flow and positioning
• narrative acceleration or decay
• liquidity-driven sentiment swings
• information asymmetry correction

In practice, these markets behave less like betting tools and more like real-time probabilistic sensors for world events.

They compress collective intelligence into a dynamic signal that updates with every transaction.

Market Structure Transition

As of May 13, 2026 at 04:29 PM, prediction markets have evolved into persistent global probability infrastructure.

Polymarket and Kalshi now operate as high-throughput probability engines, with cumulative volumes exceeding $150B+ and sustained monthly flow above $7B.

Market activity has shifted from episodic speculation toward continuous liquidity formation, where geopolitical events, macroeconomic narratives, elections, AI milestones, and financial expectations are constantly repriced in real time.

This transformation has turned prediction markets into always-on consensus surfaces capable of reflecting crowd intelligence faster than traditional media, polling systems, or institutional forecasting pipelines.