According to PolyBeats monitoring, on the prediction market Polymarket, a savvy trader has placed a $2,100 bet on "Will the 58th UK Prime Minister Keir Starmer resign before June 30, 2026?", with an average buying probability of 11.0%. The current probability of "Yes" is 12.5%.
Trader 0x12b8e7c1 wagered $2,100, with the best-performing category being Politics, netting a profit of $18,500. Out of 146 settled trades in this category, the trader has a win rate of 114/146 (78%), with 14 trades where the buy price was below $0.8 and the sell price was above $0.95. Within a similar cost range ($0.051-$0.2), the median historical investment amount is $1,700.
On the 3rd, the Financial Times reported that Starmer is rushing to push through a final batch of "legacy wishlist" policies before a potential power handover, including a multi-year defense investment plan, a social media ban for under-16s, and a reset of UK-EU relations. There is currently an air of resignation within Downing Street, with ministers and aides feeling demoralized and expecting Starmer to be ousted within weeks.
On the 4th, Reuters reported that Greater Manchester Mayor Andy Burnham stated that if he wins the Makerfield by-election on June 18th and secures support from at least 81 Labour MPs, he will seek to launch a leadership challenge against UK Prime Minister and Labour leader Keir Starmer. It should be noted that the settlement of this market does not require the actual completion of the process but only Starmer publicly announcing his resignation.
Note: Based on their past trading behavior, this trader is not necessarily betting on the outcome of the event but may engage in profit-taking or stop-loss actions after opening a position at a certain time.
Account:
0x12b8e7c160f3ced67a22b7eadf764cd1c2c4479c.
