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Maduro out in 2024?
This market will resolve to "Yes" if Venezuela's president, Nicolás Maduro, is removed from power for any length of time between August 6, and December 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No". President Nicolás Maduro will be considered to be removed from power if he resigns, is detained, or otherwise loses his position or is prevented from fulfilling his duties as President of Venezuela within this market's timeframe. The primary resolution source for this market will be a consensus of credible reporting.
Event Details
Total Volume: $177.7K
24h Volume: $947
Total Liquidity: $9.6K
Markets: 1
Event Ends: 12/31/2024
Event Analysis
Summary
The Venezuelan presidential election of 2024 represents a crucial moment for both the country and President Nicolás Maduro's grip on power. With elections scheduled for July 28, 2024, there is increasing international attention on whether this could mark the end of Maduro's authoritarian rule. However, despite strong opposition polling and widespread public dissatisfaction, Maduro maintains significant control over state institutions and electoral mechanisms.
Recent developments, including the disqualification of major opposition candidates and continued manipulation of electoral processes, suggest that Maduro is likely to maintain his grip on power through 2024. While polls show opposition candidate Edmundo González Urrutia leading Maduro, historical patterns and the regime's entrenched control over key institutions indicate that electoral change remains unlikely without extraordinary circumstances.
Analysis
Current Political Situation
Maduro's Position
- Currently seeking third term as president
- Controls key state institutions including military and electoral council
- Has successfully maintained power despite economic crisis and international pressure
- Approval ratings at historic lows but retains institutional advantages
Electoral Context
- Presidential election scheduled for July 28, 2024
- Opposition candidate González leads in polls
- Main opposition figure María Corina Machado disqualified
- Electoral integrity concerns persist with pro-Maduro Electoral Council
Key Factors Affecting Outcome
Factors Supporting Maduro's Continuation
- Control over electoral machinery and institutions
- History of successful electoral manipulation
- Military support remains largely intact
- Opposition fragmentation and disqualifications
- Limited effectiveness of international pressure
Potential Removal Scenarios
- Electoral Defeat + Military Pressure
- Internal Party/Military Coup
- Mass Protests Leading to Resignation
- Health/Personal Issues
Critical Variables to Monitor
Short-term Triggers
- Election campaign developments
- Military loyalty shifts
- Opposition unity
- International sanctions pressure
Medium-term Factors
- Economic conditions
- Public unrest levels
- Regional political dynamics
- International observer access
Recent Developments
- US reimposed some sanctions due to electoral concerns
- Opposition primaries showed strong anti-Maduro sentiment
- Electoral timeline announced with July 28 election date
- Continued repression of opposition activities
Prediction
Based on comprehensive analysis of available evidence, I predict Maduro is highly likely (95.5%) to remain in power through 2024. While the July election presents a theoretical opportunity for change, Maduro's control over key institutions and demonstrated ability to maintain power despite challenges suggest removal is unlikely (4.5% probability). The combination of electoral manipulation capabilities, military support, and opposition constraints make continuation of his rule the most probable outcome.
Maduro out in 2024?
Yes:4.5%
No:95.5%
Confidence: 8/10
Reasoning Score: 9/10
Sources
- https://www.axios.com/2024/07/27/venezuela-presidential-election-maduro-gonzalez-urrutia
- https://www.as-coa.org/articles/explainer-venezuelas-2024-presidential-elections
- https://english.elpais.com/international/2023-10-30/six-days-of-vertigo-in-venezuela-this-is-how-the-road-to-the-2024-elections-begins.html
- https://efectococuyo.com/politica/elecciones-presidenciales-de-venezuela-seran-el-28-de-julio/