YES
100%
PRICE $1.00 · IMPLIED 100%▸ BUY YES
GLOBAL POLITICS
Indian Election: Modi reelected?
RESOLVESMay 30, 2024 · 12:00 PM UTC
CONTRACT0x9960…ce8b
Current odds
Live · updates every 20sNO
0%
PRICE $0.00 · IMPLIED 0%▸ BUY NO
Price history
OPEN 24H
0.96
Yes
HIGH 24H
0.99
at 11:42 ET
LOW 24H
0.93
at 02:18 ET
CHANGE
+0.04
+7.0% on Yes
Market stats
Polymarket · CLOB24H VOLUME
—
Past 24 hours
TOTAL VOLUME
$378k
Since creation
LIQUIDITY
—
Available to trade
Recent trades
Last 10 fills · live| TIME | SIDE | PRICE | SIZE | VALUE | TRADER |
|---|---|---|---|---|---|
About this market
ContextThe 2024 Indian general election is scheduled to take place between April and May 2024. This market will resolve to "Yes" if Narendra Modi is the next prime minister of India following the election. Otherwise, this market will resolve to "No". An interim/caretaker prime ministership will not count toward the resolution of this market. If no next prime minister of India is instated by the end of 2024 this market will resolve also resolve to "Yes". The primary resolution source for this market will be official information from the government of India, however a consensus of credible reporting will also suffice.
How trading works
Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.
Resolution
Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.
FAQ
Resolution & tradingHow is this market resolved?+
The market resolves based on the official outcome as verified by the UMA Optimistic Oracle.
When does this market close?+
Trading closes at May 30, 2024 · 12:00 PM UTC. After close, the UMA oracle proposes a resolution and a 2-hour dispute window opens before final settlement.
What are the possible outcomes?+
The possible outcomes are: Yes (100%), No (0%). Each contract pays out $1 if correct, $0 otherwise.
What happens if the resolution source is unavailable?+
If the primary resolution source is unavailable, the market may be delayed or resolved by UMA oracle vote using credible alternative sources. Polymarket's optimistic oracle has final authority on disputed resolutions.
How do I trade on Polymarket?+
You need a Polymarket account (sign up with email or crypto wallet). Connect a Polygon-compatible wallet, fund it with USDC, and you can buy or sell shares of any outcome at the current market price. All settlements are in USDC.