Will the Labour Party win control of the most London borough councils?
What resolves this contract
Local elections in London, UK are currently scheduled for May 7, 2026. This market will resolve according to the party that controls the most London borough councils as a result of this election. Control is defined as having more than half of the voting councillors of a London borough council. Any executive positions, like Mayor, will not count. A candidate will be considered an official candidate of a party if they are officially nominated by that party and are registered for the relevant election in affiliation with that party. Independent candidates will not count for any party. This ma
How to read the price
Prediction market prices are expressed in cents on the dollar. A YES contract trading at 79¢ means the market is pricing in a 79.5% implied probability of the event resolving YES. If resolution comes back YES, the contract pays $1. If NO, it pays $0.
Volume vs. open interest
Total traded volume ($9,705) reflects every buy and sell across the life of this contract. Open interest ($25,220) is the dollar value of positions currently held by traders. Deep liquidity and wide open interest are the two signals that the quoted price is reliable.
Where to trade this market
This contract is listed on Polymarket. PicksByOdds does not accept deposits, execute trades, or offer brokerage. We publish the data; you decide what to do with it.
Markets in the same story
| Market | YES | Volume |
|---|---|---|
| Will the US acquire part of Greenland in 2026? | 13¢ | $9,656,746 |
| Will Alphabet be the largest company in the world by market cap on June 30? | 4¢ | $992,821 |
| Will 7 Fed rate cuts happen in 2026? | 1¢ | $977,712 |
Common questions about this market
How is this market resolved?
Local elections in London, UK are currently scheduled for May 7, 2026. This market will resolve according to the party that controls the most London borough councils as a result of this election. Control is defined as having more than half of the voting councillors of a London borough council. Any executive positions, like Mayor, will not count. A candidate will be considered an official candidate of a party if they are officially nominated by that party and are registered for the relevant election in affiliation with that party. Independent candidates will not count for any party. This ma
When does this contract expire?
This contract closes on 2026-05-07, 12 days from now. After close, the final outcome is determined per the resolution rules above, and contracts settle at $1 (winning side) or $0 (losing side).
What happens if I buy YES at 79¢?
If the event resolves YES, each YES contract pays $1 , a profit of 20¢ per dollar risked. If it resolves NO, the contract pays $0 and the full 79¢ is lost. Current market price implies a 79.5% probability of YES.
Where is this market listed?
This contract is listed on Polymarket. PicksByOdds aggregates and displays public market data; we do not broker trades or custody funds.
How reliable is the quoted price?
This market has $9,705 in total traded volume and $25,220 in open interest. Deeper liquidity generally means tighter spreads and more reliable implied probabilities. Prices refresh multiple times per day.