According to PolyBeats monitoring, in the prediction market Polymarket, 3 smart money accounts have collectively invested $29.4k (with one achieving 78% accuracy in South Korea-related topics), in the outcome "Chong Won-oh wins the 2026 Seoul mayoral election," with the current probability of this outcome being 79%. In contrast, the probability of current Seoul mayor Oh Se-hoon winning is 15%.
The 2026 South Korean local elections are scheduled for June, with the Seoul mayoral election being the most high-profile position. This election adopts a mechanism of direct voting by Seoul citizens, with the candidate receiving the highest number of votes being elected as mayor. Chong Won-oh previously served as the mayor of Seoul's Seongdong District, belonging to the Democratic Party, and is seen as a key figure from the progressive camp challenging the mayoral position due to his governance performance in Seongdong District and high approval ratings.
Current Seoul mayor Oh Se-hoon represents the conservative camp's People Power Party. Having served as Seoul mayor multiple times, he possesses high political visibility and a track record of governance, often being considered a potential strong contender for future South Korean presidential elections.
Note: Based on their past trading behavior, this trader is not necessarily betting on whether the event will actually occur, as they may engage in profit-taking or stop-loss at a certain point after opening a position.
Accounts:
0x8b24a5e26873c9674fbb073b79941c29ca93c4be
0xeae71b3df17b5c45e67b63cd271ac077657b1884
0xa8948e141de09e8ed204681e4beb4d2473075324
Total Investment: $29.4k
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