Resolves Dec 31, 2027
The bear case for Trump in 2026 looks meaningfully more plausible than the market implies, driven by a real combination of legal defeats, institutional resistance, and the risk of a politically damaging midterm environment. I would price it closer to one-in-four than one-in-nine.
Read the analysisWill Martin O’Malley be the next Chair of the Democratic National Committee?

Will JD Vance win the 2028 US Presidential Election?
Will President of France be the first to leave office?
Will Bola Tinubu leave office next in this set?
Will it be reported by any of the Source Agencies that the OASI Trust Fund reserves are depleted such that full scheduled Social Security retirement and survivors benefits are no longer payable under then-current law before Jan 1, 2033?