- What is the “Will the next Pope require 3–4 ballots?” market asking?
- It asks whether the following will happen: Will the next Pope require 3–4 ballots? It is one of the markets in the Polymarket event “# of rounds to elect next Pope?”. Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- At the last observation Yes traded at 100.0¢ and No at 0.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 100.0% for Yes and 0.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Dec 31, 2025. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- This market will resolve according to the number of rounds of voting cast in the papal conclave that results in the election of the next bishop of Rome after Pope Francis. If no new pope is elected by December 31, 2025, 11:59 PM ET, this market will resolve to the lowest bracket. The primary resolution source will be official information from the Vatican, however a consensus of credible reporting will also be used.
- What is the difference between volume, liquidity and open interest?
- 24h volume ($275.72K) is the dollar value of shares traded in the last 24 hours. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
- Who holds the biggest positions in this market?
