Friedrich Merz out as Chancellor?·closes in 10d

Will Friedrich Merz leave Chancellor of Germany before Oct 1, 2026?

YES means Before Oct 1, 2026

24h volume
1,907
6,618 lifetime
Open interest
4,628
+1,743 over 24h
Spread
550 × 18 at the touch
24h range
3¢ – 10¢
38 recent trades
Chance of YES
3%2

A YES contract costs and pays $1 if it happens.

NO
97%

costs 98¢

YES bid / ask
/
NO bid / ask
97¢ / 98¢
24h low 24h high 10¢
Recent buying39% YES · 61% NO
What Galdor thinks

An independent read of this market

1Reads the rules literallySettlement source, close time, and the edge cases that flip an outcome.
2Checks the tape and the webOrder book, flow, price history, then targeted searches with sources.
3Gives a straight answerA probability with a band, and one of four calls: YES, NO, wait, or stay out.

Generated by an AI analyst from live exchange data and public web sources. Research and analytics, not investment advice. Markets can move after this was written.

Price history

YES price per candle with the bid/ask band, volume underneath. Times in UTC.

0¢5¢10¢15¢volSep 20, 1:30 PMSep 21, 4:44 AM

Order book

Resting orders, both sides shown as YES prices. Bars are size.

Yes ask (no bid)SizeYes
  • ask63552¢
  • ask2,32245¢
  • ask1,08744¢
  • ask6,666
  • ask6,666
  • ask1,157
  • ask739
  • ask18
spreadmid
  • bid550
  • bid200
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If Friedrich Merz has either officially announced their intention to leave as Chancellor of Germany or has actually left as Chancellor of Germany before Oct 1, 2026, then the market resolves to Yes.

An "official announcement" means a statement by the person themselves, their authorized representative, or the official body governing the office that the person will be departing from the office. Such announcements must be reported by at least one Source Agency to be considered official. The announcement must not specify they are leaving in more than a year from the statement, in which case the market does not resolve to Yes. "Leaving office" means the person no longer holds the office in any capacity, including but not limited to: resignation (effective), termination, removal, impeachment and removal, recall, or the expiration of their term without renewal. Temporary absences such as medical leave, suspension with possibility of return, or delegation of duties while retaining the office do NOT constitute leaving office. Death does NOT satisfy the Payout Criterion for this Contract. Forced departures (termination, impeachment and removal, etc.) satisfy the Payout Criterion even without a prior announcement.

opened
Sep 17 · 4:00 AM UTC
closes
Oct 1 · 3:59 AM UTC · may close early
settles by
Jan 8, 2029 · 3:00 PM UTC
ticker
KXLEAVEMERZ-29JAN01-26OCT01
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 38 trades, 39% of contracts were bought on the YES side.

WhenYESContractsSide
31m ago14bought yes
49m ago44bought yes
1h ago10bought yes
1h ago155bought no
4h ago200bought no
4h ago5bought no
7h ago10¢500bought yes
9h ago205bought yes
9h ago5bought yes
9h ago10¢37bought yes
10h ago104bought yes
11h ago5bought no
12h ago10¢45bought yes
13h ago10¢47bought yes
13h ago10¢94bought yes

Prices are YES cost in cents and approximate the market’s implied probability. Data is read live from the Kalshi Trade API on every page load. galdor.xyz places no orders and holds no positions. Research and analytics, not investment advice.