Will the Labour Party win the second-most council seat elections in the 2026 United Kingdom local elections?

Updated 7d ago

How to read the numbers

Implied / market-implied YES

The probability of YES implied by current traded prices (mid or last). It is what participants are paying for, not a claim about real-world odds.

Model estimate

A rule-based heuristic from the signal engine when a rule sets one, not a black-box forecast. Some signals only describe liquidity or spreads and may show no model estimate.

Edge / gap

The difference between the model estimate and market-implied, in percentage points (model minus market for YES). Filters may use “largest gap.” This is informational only-not trading advice or guaranteed advantage.

Stance (above / below / near estimate)

Compares market-implied to the model estimate when both exist. Labels are not buy or sell recommendations.

Confidence

A simple UI clarity label for signals (not a prediction). It summarizes the signal’s own magnitude/quality metrics into one of: Low, Mid-low, Mid, Mid-high, or High.

Volume

Reported trading activity for the market, for context on size and liquidity.

Change & sparklines

Movement in market-implied YES over the window labeled on the card-often 24h where data allows.

Signals

Rule-based flags from ingested public data. They are not trade recommendations.

More detail in Methodology.

Politics · market-implied 99.6%

PolymarketVolume ~72,592.151← All markets

Recent price

99.6%

United Kingdom local elections are scheduled to be held on May 7, 2026. This market will resolve according to the party whose official candidates win the second-most council seats for the United Kingdom's metropolitan boroughs, London borough councils, unitary authorities, county councils, and district councils in the 2026 United Kingdom Local Elections. 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. Only elections for the United Kingdom’s metropolitan boroughs, London borough councils, unitary authorities, county councils, and district councils taking place on May 7, 2026, or rescheduled to within seven days thereafter, will be counted for this market. Parties will be ranked primarily by the number of relevant council seat elections won. In the case of a tie between two or more parties, the party whose name comes first in alphabetical order, as listed in this market group, will be ranked ahead. This market will resolve to the party that occupies second place under this ranking. Resolution of this market will be based on the results of the relevant elections, once those results are official. This market will remain open until the results of all of the relevant elections are made official. If the results of any of the relevant 2026 United Kingdom local elections aren’t known by April 30, 2027 11:59 PM ET, the winning party will be determined based on the available results up to that point. If none of the results of the relevant 2026 United Kingdom local elections are known by that time, this market will resolve to “Other”. This market will resolve based on the results of the elections as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the respective council government.

Market summary

This market is currently priced at 99.6%, while BinaryStreaks estimates fair value at 98.0%, indicating a possible -1.6 percentage point difference.

Why this is flagged: Δ6h +9.7 pts · Δ24h +54.7 pts (same direction)

What this means

  • This may indicate the market is repricing new information, or reacting to liquidity and order flow.
  • Signals are informational only and not trading advice.
  • BinaryStreaks uses public market data and deterministic, rule-based analysis.

Execution

YES

Best bid (sell)
99¢
Best ask (buy)
100¢
Spread
Midpoint
100¢
Depth (top level)
bid 32.97 · ask 2,000

NO

Best bid (sell)
Best ask (buy)
Spread
Midpoint
Depth (top level)
bid 2,000 · ask 32.97