Who will be the next Prime Minister of Israel after the next election?
I assess a 37% chance that Benjamin Netanyahu will be sworn in as Israel’s next prime minister after the scheduled October 27, 2026 election, reflecting his proven political resilience but substantial headwinds from legal issues, coalition fragmentation, and potential shifts in public sentiment.
Analysis
Without up-to-date polling or news feeds for June 2026, this assessment relies on structural political facts and recent historical patterns: Israel’s parliamentary system with proportional representation rewards disciplined, well-organized blocs, and Netanyahu’s Likud has repeatedly been able to convert a plurality of votes into the premiership by building coalitions with smaller right-wing and religious parties. Netanyahu has a deep, loyal base and an extensive personal political organization capable of mobilizing voters and negotiating post-election deals, which increases his baseline probability of returning to office compared with a less established leader.
Countervailing forces are meaningful. Netanyahu faces long-running legal exposure that has both mobilized opponents and complicated coalition-building by making some potential partners wary; his polarizing image also energizes a broad anti-Netanyahu constituency that can coalesce into electoral and post-election coalition dynamics. Additionally, long incumbencies invite voter fatigue and open opportunities for centrist or right-of-center alternatives to attract swing voters; the degree to which the opposition can present a united, coalition-ready alternative is a critical determinant.
Market sentiment (Yes ~31.5%) implies the crowd views Netanyahu as an underdog but still viable; my independent assessment is modestly higher because institutional features favor experienced kingmakers and because Israel’s political fragmentation often benefits a highly organized party leader. However, macro shocks — major security events, economic shifts, or internal splits in the right-wing bloc — could rapidly move probabilities in either direction between now and the election or during the post-election bargaining period.
Timing and resolution rules also matter: this market resolves to the individual sworn in as PM after the next election (and excludes caretaker incumbents), so scenarios where Netanyahu wins a plurality but fails to assemble a coalition or is blocked by legal incapacity reduce his chances more than raw vote shares would indicate; conversely, even a narrow plurality combined with deft bargaining could result in his being sworn in. Given these structural pluses and minuses, a mid-30s probability best balances Netanyahu’s staying power against substantive obstacles to him being sworn in by December 31, 2027.
Arguments
For
- Netanyahu has a long track record of returning to power through coalition-building even after setbacks.
- Israel’s proportional system and multiple small parties often reward a disciplined, experienced leader with strong negotiation skills.
- Netanyahu’s core electorate is highly motivated and reliably turns out, giving him a stable floor of support.
- Small right-wing and religious parties have historically preferred joining a Netanyahu-led government rather than risk opposition status.
Against
- Persistent legal liabilities and public anger at perceived corruption reduce the willingness of some parties and segments of the electorate to support him.
- A cohesive anti-Netanyahu coalition could assemble 61 Knesset seats and present a unified candidate to be sworn in.
- Voter fatigue after long incumbencies can drive centrist or new alternatives that erode Likud’s vote share.
- International pressure and diplomatic isolation risks could make smaller coalition partners wary of associating with Netanyahu, complicating bargaining.
Key drivers
- Likud’s baseline electoral organization and Netanyahu’s personal machine that convert votes into coalition leverage.
- The fragmentation of Israel’s party system which can let a disciplined plurality leader form a 61-seat coalition even without a majority of public support.
- Netanyahu’s ongoing legal and reputational liabilities that complicate coalition partners’ willingness to join a government led by him.
- The ability of the opposition to coalesce around a single bloc and present a ready alternative capable of reaching 61 Knesset seats.
- Major security events or a deterioration/improvement in national security that shift voter priorities toward or away from experienced incumbents.
- International diplomatic and economic pressures that could influence domestic coalition calculations and the willingness of smaller parties to enter a Netanyahu-led government.
Risk factors
- A unified opposition coalition that can surpass 61 seats and agree on a candidate to be sworn in as prime minister.
- A significant split within Netanyahu’s own bloc or defections from Likud that prevent him from achieving a coalition majority.
- Court rulings, legal developments, or new indictments that materially change Netanyahu’s ability to serve or the political appetite of potential partners.
- An acute national security crisis that either discredits Netanyahu’s leadership or, conversely, re-elects him depending on public perception of response.
- Shifts in voter turnout patterns that favor centrist or left-of-center parties over Netanyahu’s base.
Scenarios
Best case
Netanyahu wins a plurality of Knesset seats for Likud, successfully negotiates with small right-wing and religious parties to surpass 61 seats, and is formally sworn in as prime minister before the December 31, 2027 cutoff.
Most likely
No single bloc achieves an overwhelming majority; post-election negotiations produce a deal without Netanyahu as prime minister, or he gains a narrow plurality but fails to assemble a stable coalition and remains out of office while Likud remains a major opposition force.
Worst case
A unified opposition wins or combines to reach 61 seats or Netanyahu’s legal or political standing collapses, preventing him from forming a coalition and leading to another leader being sworn in as prime minister.
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