Friedrich Merz out as Chancellor?·closes in 3mo

Will Friedrich Merz leave Chancellor of Germany before Jan 1, 2027?

YES means Before Jan 1, 2027

24h volume
516
3,084 lifetime
Open interest
2,278
+2,278 over 7d
Spread
13¢
2 × 10 at the touch
24h range
26¢ – 46¢
24 recent trades
Chance of YES
26%5

A YES contract costs 28¢ and pays $1 if it happens.

NO
74%

costs 85¢

YES bid / ask
15¢ / 28¢
NO bid / ask
72¢ / 85¢
24h low 26¢24h high 46¢
Recent buying38% YES · 62% 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.

25¢50¢75¢volSep 18, 2:00 PMSep 21, 4:00 AM

Order book

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

Yes ask (no bid)SizeYes
  • ask1048¢
  • ask2047¢
  • ask1.1345¢
  • ask135¢
  • ask1034¢
  • ask1032¢
  • ask1031¢
  • ask1030¢
spread15¢mid 23¢
  • bid215¢
  • bid1414¢
  • bid8613¢
  • bid12712¢
  • bid15810¢
  • bid159
  • bid228
  • bid1,514
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 Jan 1, 2027, 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
Jan 1, 2027 · 4:59 AM UTC · may close early
settles by
Jan 8, 2029 · 3:00 PM UTC
ticker
KXLEAVEMERZ-29JAN01-27JAN01
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 24 trades, 38% of contracts were bought on the YES side.

WhenYESContractsSide
1h ago26¢5bought no
8h ago30¢162bought yes
10h ago27¢10bought yes
10h ago28¢28bought yes
15h ago28¢1bought no
15h ago29¢100bought no
15h ago30¢10bought no
15h ago30¢24bought no
15h ago31¢10bought no
15h ago31¢3bought no
17h ago45¢2bought yes
17h ago45¢1bought yes
17h ago46¢13bought yes
18h ago31¢70bought no
18h ago31¢56bought no

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.