PoliticsCloses · Listed close date has passed.$7K volumePart of: Which coalition will form the next New Zealand government? →

Will the next governing coalition of New Zealand include National + ACT?

Gotcha risk

Medium

1 of 4 factors flagged

Watch for: The rules clearly specify that being part of the governing coalition requires holding at least one Cabinet post, explicitly excluding outside confidence-and-supply arrangements.

Read the full assessment

The rules clearly specify that being part of the governing coalition requires holding at least one Cabinet post, explicitly excluding outside confidence-and-supply arrangements. However, holders should note the specific multi-option matching mechanics: this single option ('National + ACT') will resolve to 'No' if a broader listed combination (such as 'National + ACT + NZF') forms and is also listed as an option, as resolution awards 'Yes' only to the option that most completely matches the coalition. Official appointments by the Governor-General under non-caretaker circumstances serve as the benchmark.

Resolver
Low
Timing
Low
Wording
Low
Exceptions
Medium

AI-generated analysis · google/gemini-3.7-flash ·

Last captured price

<1%

chance

↔ ±0 pts · 24h

Yes<1¢
No>99¢

National + ACT · Yes · 1MO 0.8 H 5.4 L 0.2 C 0.5−0.3 (−37.5%)

Why it moved

No big moves in the last 7 days.

Resolution rules

A general election is scheduled to be held in New Zealand on November 7, 2026. This market will resolve to the first ruling coalition of parties that forms after the next New Zealand general election. A party will only be considered part of the ruling coalition if it participates in the governing coalition and provides at least one Cabinet minister. Parties that merely support the government from outside Cabinet, including through confidence-and-supply agreements or similar arrangements, without holding a Cabinet post will not qualify. The following parties will be considered for this market: ACT New Zealand (ACT), Labour Party (Labour), Te Pāti Māori (Maori), National Party (National), Green Party (Green), and New Zealand First Party (NZF). All other parties will not be considered. Resolution will be based on the listed option that most completely matches the parties included in the coalition. If the coalition formed after the election includes all of the parties listed in a market option, along with any other parties, that option will resolve to “Yes” unless there exists another market option that more completely covers the coalition. A listed option will not resolve to “Yes” if any of its listed parties are not included in the coalition. For example: - If the governing coalition includes Labour + Green + ACT, but no option explicitly lists those three together, the market will resolve to “Labour + Green” if that option is listed and no listed option more completely matches the coalition. - If the governing coalition includes National + ACT + NZF, the option “National + ACT + NZF” will resolve to “Yes”, while “National + ACT” will resolve to “No”. In the event that the ruling coalition includes all parties for multiple market options, and each option contains an equal number of coalition parties, the tie will be resolved in favor of the option whose listed parties together hold the greater number of seats in the newly elected House of Representatives. If this presents another tie, this market will resolve in favor of the listed option whose parties received the greatest number of valid party votes. If any party forms a single-party majority government, the listed option for that party will be considered the governing coalition. If the governing coalition does not include all parties in any listed option, this market will resolve to “Other”. This market may resolve once the first government is officially confirmed following the appointment of the Prime Minister and ministers by the Governor-General after the 2026 New Zealand general election, with ministers appointed under non-caretaker circumstances. If the next New Zealand ruling coalition after the election is not confirmed by December 31, 2027, 11:59 PM ET, this market will resolve to “Other”. This market will resolve based on a consensus of credible reporting. In case of ambiguity, this market will resolve based on official information from the government of New Zealand.

Market explained

This market measures whether the first governing coalition formed after the next New Zealand general election will match National + ACT, under specific completeness-matching rules.

How it resolves

This market resolves to Yes if National and ACT are both part of the first post-election ruling coalition holding at least one Cabinet minister each under non-caretaker circumstances, and no other listed option more completely matches the coalition. Confidence-and-supply agreements without Cabinet posts do not qualify. It resolves to No if National or ACT is not included in the coalition, or if another listed option covers the coalition more completely (such as National + ACT + NZF). The market resolves to Other if no listed option's parties are fully included, or if no coalition is confirmed by December 31, 2027, 11:59 PM ET. Ties are broken by seat counts, then valid party votes. Resolution is decided by a consensus of credible reporting, with official New Zealand government information used in case of ambiguity.

Resolution source

Consensus of credible reporting, or official information from the government of New Zealand in case of ambiguity

AI-generated analysis · google/gemini-3.7-flash ·