Will Pete Hegseth be the next to leave the Trump Cabinet before 2027?

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.

Estimated fair value (EFV)

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 EFV.

Edge / gap

The difference between EFV and market-implied, in percentage points (EFV 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 EFV when both exist. Labels are not buy or sell recommendations.

Severity

How strong the rule hit is on a 1–5 scale. It reflects rule strength, not statistical confidence that the outcome will occur.

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.

Market-implied 7.9%

Volume ~513,438.837← All markets

Recent price

7.9%

This market will resolve based on the next individual announced to leave the Trump Cabinet, or who otherwise ceases to be a member of the administration. If no one leaves by December 31, 2026, 11:59 PM ET, this market will resolve to “None before 2027”. An announcement of an individual's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the resignation/removal takes effect. If multiple individuals announce departures or are removed at the same time, the market will resolve to the individual who actually leaves office first. If they leave simultaneously, the market will resolve to the individual whose last name comes first alphabetically. For the purposes of this market, the Cabinet includes Vice President, the heads of the 15 executive departments, as well as the Administrator of the Environmental Protection Agency (EPA), the President’s Chief of Staff, the Director of National Intelligence (DNI), the Director of the Office of Management and Budget (OMB), the Director of the Central Intelligence Agency (CIA), the United States Trade Representative (USTR), the Ambassador to the United Nations, the Chair of the Council of Economic Advisers (CEA), and the Administrator of the Small Business Administration (SBA). Acting officials serving in these roles are not included. The Director of the Office of Science and Technology Policy (OSTP) is not considered Cabinet-level under the current Trump administration and is excluded from this market. An individual will be considered to have left the Cabinet if they resign from or are removed from any Cabinet-level position, even if they are subsequently appointed to a different Cabinet-level role. If a candidate who is not already listed, assumes a listed cabinet position they will be added to the market. However, candidates who have merely been nominated for a cabinet position will not be considered to have left, even if their nomination is rejected or withdrawn. The primary resolution source will be official information from the Trump administration, however a consensus of credible reopening may also be used.

Active signals

No active signals for this market.