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Iceland Legislative Election

This is a market on the outcomes of the upcoming Iceland Legislative Election.

Event Details

Total Volume: $144.9K
24h Volume: $21.0K
Total Liquidity: $23.5K
Markets: 6
Event Ends: 11/30/2024

Event Analysis

Summary

Iceland is preparing for legislative elections in 2024 amid a shifting political landscape. Recent polling shows significant changes in party support, with the Social Democratic Alliance (Samfylkingin) leading at 25.7%, while traditional powers like the Independence Party have seen declining numbers. The potential for new coalition formations and the rise of smaller parties like the Center Party (Miðflokkurinn) suggest a dynamic electoral environment. The election takes place during what's being called "the biggest election year in history" globally, with numerous major democracies heading to the polls. This context, combined with domestic issues like healthcare reform and international humanitarian positions, will likely influence voter behavior and party strategies.

Analysis

Current Political Landscape

Party Support

  • Samfylkingin (Social Democratic Alliance): 25.7% (-0.6%)
  • Sjálfstæðisflokkurinn (Independence Party): 16.6% (-0.7%)
  • Miðflokkurinn (Center Party): 11.8% (+2.4%)
  • Píratar (Pirate Party): 7.6% (significant decline)

Coalition Possibilities

  • Current ruling coalition (Samfylking, Viðreisn, Framsókn) at 32.6% combined
  • Potential for new three-party coalition yielding 32 seats
  • "Reykjavík model" coalition could secure 37 seats

Key Influencing Factors

Domestic Issues

  • Healthcare reform proposals under consideration
  • Economic policies and international trade positions
  • Public sentiment regarding humanitarian issues

International Context

  • Global election year implications
  • Iceland's stance on international conflicts
  • Nordic cooperation initiatives

Public Engagement

  • Upcoming democracy conference in February 2024
  • Youth participation and mobilization
  • Media coverage and public discourse

Recent Developments

  • Rising support for Center Party indicates voter dissatisfaction with established parties
  • Declining support for traditional powers suggests potential political realignment
  • Healthcare legislation proposals may influence party platforms

Prediction

Based on current polling and trends, the most likely outcome is a coalition government led by Samfylkingin, with 60% probability of forming government. The Independence Party's chances of leading a government are estimated at 25%, while alternative coalitions have a 15% probability. These predictions have moderate confidence given the time remaining before the election.

coalition_formation

samfylking_led:60.0%
independence_led:25.0%
alternative_coalition:15.0%
Confidence: 7/10
Reasoning Score: 8/10

Market Options

Will the Liberal Reform Party win the most seats in the Icelandic parliamentary election?

Yes
26.5%
No
73.5%
Liquidity: $23.5K
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Will the Centre Party win the most seats in the Icelandic parliamentary election?

Yes
3.5%
No
96.5%
Liquidity: $23.5K
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Will the People's Party win the most seats in the Icelandic parliamentary election?

Yes
0.6%
No
99.4%
Liquidity: $23.5K
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Will another party win the most seats in the Icelandic parliamentary election?

Yes
0.3%
No
99.8%
Liquidity: $23.5K
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Will the Social Democratic Alliance win the most seats in the Icelandic parliamentary election?

Yes
58.5%
No
41.5%
Liquidity: $23.5K
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Will the Independence Party win the most seats in the Icelandic parliamentary election?

Yes
12.2%
No
87.8%
Liquidity: $23.5K
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