# Who will win the next Colombian presidential election?

In 2026

Updated: April 28, 2026

Category: Elections

Tags: International elections

HTML: /markets/elections/international-elections/who-will-win-the-next-colombian-presidential-election/

## Short Answer

**Key takeaway.** The **model** assigns meaningfully higher odds for Paloma Valencia to win the next Colombian presidential election (**48.5%** **model** vs **34.0%** **market**), largely due to her confirmed status as the definitive right-wing candidate after the 2026 inter-party primaries.

## Key Claims (January 2026)

**- - Paloma Valencia, Claudia López, Roy Barreras emerged as definitive candidates.** - March 2026 inter-party primaries finalized major party alliances and contenders.
- No post-primary general election strength metrics are available for candidates.
- 'Total Peace' policy has **64%** negative public perception, hurting the left.
- **Market** experienced an 8 percentage point movement on April 15, 2026.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model** estimates **1.2%** **probability** for "Someone Else" despite primary exclusion, 0.2pp above 1c **market** price.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Abelardo de la Espriella | 29.0% | 5.8% | His legal background and conservative stance appeal to a segment of the electorate. |
| Iván Cepeda Castro | 39.0% | 33.8% | His long-standing political career and left-wing ideology position him as a strong contender. |
| Paloma Valencia | 34.0% | 48.5% | Confirmed as the definitive candidate for the right-wing slate after inter-party primaries. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Abelardo de la Espriella | 29.0% | 5.8% |
| Iván Cepeda Castro | 39.0% | 33.8% |
| Paloma Valencia | 34.0% | 48.5% |
| Sergio Fajardo | 0.5% | 1.2% |
| Santiago Botero | 1.0% | 1.2% |
| Daniel Quintero | 3.0% | 1.2% |
| Vicky Dávila | 1.0% | 1.2% |
| Federico Gutiérrez | 0.5% | 1.2% |
| Juan Carlos Pinzón | 5.0% | 2.4% |
| Gustavo Bolívar | 1.0% | 1.2% |
| Francia Márquez | 1.0% | 1.2% |
| Alejandro Char | 1.0% | 1.2% |

- Expiration: May 31, 2027

## Market Behavior & Price Dynamics

Based on the provided data, this prediction market shows a completely static price trend. The probability has remained unchanged at 1.0% since the market's inception across all 28 available data points. Consequently, there have been no significant price spikes, drops, or any volatility whatsoever to analyze. The lack of price movement indicates that no news or events have occurred that traders deemed significant enough to influence the market's perceived odds.

The most critical observation from the chart is the complete absence of trading activity, with a total volume of zero contracts. This indicates the market is entirely illiquid. The 1.0% price is not a reflection of trader consensus or conviction but rather a nominal starting point that has not been tested by any buying or selling pressure. Because there has been no trading, no support or resistance levels have been established.

Overall, the chart suggests a dormant market with no active participant sentiment. The static 1.0% price and zero volume imply that the 2026 election is currently too far in the future to attract trader interest or speculation. The market is effectively in a holding pattern, awaiting future developments, such as the emergence of candidates or significant political events, to spur activity and establish a true price based on collective belief.

## Significant Price Movements

#### 📈 April 15, 2026: 8.0pp spike

Price increased from 18.0% to 26.0%

**Outcome:** Abelardo de la Espriella

**What happened:** No supporting research available for this anomaly.

## Contract Snapshot

The market resolves "Yes" if Iván Cepeda Castro is officially declared the winner of the next Colombian presidential election (scheduled for 2026 at the latest) by the National Electoral Council (CNE) and is subsequently sworn in or passes their inauguration date without another person taking office. Otherwise, it resolves "No," as the event is mutually exclusive.

The market opened on September 15, 2025, and will close early upon official declaration of the winner, or by May 31, 2027, at 10:00 AM EDT at the latest, with payouts projected 30 minutes after closing. Special settlement conditions state that the market resolves for the declared winner even if they die or are incapacitated after the election but before taking office. Contested results are resolved based on the final certified outcome from the appropriate electoral authority or highest court, and a postponed election keeps the contract open for up to two additional years.

## Market Discussion

The main discussion among traders revolves around the ambiguous interpretation of the market rules, specifically whether "winning" the first round requires a simple plurality or an absolute majority (50%+1) to be declared president. Traders express concern that the contract might be misinterpreted, potentially making current high odds for Iván Cepeda Castro questionable if he doesn't secure an outright majority. Some participants also argue that Abelardo de la Espriella has stronger grassroots support than his market price reflects, citing "true popular will" and "on the streets" sentiment.

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Alejandro Char | 0.1% | 0.5% | 1% | $1 | $1 |
| Abelardo de la Espriella | 25% | 27% | 29% | $161,320.9 | $76,557.8 |
| Daniel Quintero | 0.1% | 0.5% | 3% | $1,850 | $1,849 |
| Federico Gutiérrez | 0.1% | 0.5% | 0.5% | $1,706.2 | $1,611.2 |
| Francia Márquez | 0.1% | 0.5% | 1% | $188 | $188 |
| Gustavo Bolívar | 0.1% | 0.5% | 1% | $207 | $35 |
| Iván Cepeda Castro | 38% | 39% | 39% | $93,197.16 | $41,756.24 |
| Juan Carlos Pinzón | 0.1% | 0.5% | 5% | $1,271 | $757 |
| Paloma Valencia | 33% | 34% | 34% | $58,634.02 | $29,668.92 |
| Santiago Botero | 0.5% | 1% | 1% | $4,453 | $4,453 |
| Sergio Fajardo | 0.1% | 0.4% | 0.5% | $8,695 | $5,786 |
| Vicky Dávila | 0.1% | 0.5% | 1% | $1,804 | $1,765 |

## Who Are Key Political Endorsements for Colombia's 2026 Presidential Election?

Major Political Alignment | Char clan and Federico Gutiérrez's bloc support Abelardo de la Espriella for 2026 president [[^]](https://httpsm.elcolombiano.com/medellin/federico-gutierrez-creemos-apoyara-la-candidatura-presidencial-de-abelardo-de-la-espriella-GJ32911676) |
Casa Char Support | Alejandro Char's movement backs Abelardo de la Espriella, not a separate candidacy [[^]](http://www.infobae.com/colombia/2026/01/27/abelardo-de-la-espriella-capitaliza-crisis-del-centro-democratico-sumaria-respaldo-de-movimientos-de-fico-gutierrez-y-alex-char/) |
Cambio Radical Stance | Party divided; members can support Abelardo de la Espriella or Paloma Valencia [[^]](https://alternativacaribe.info/2026/04/16/cambio-radical-va-dividido-a-la-primera-vuelta-presidencial-char-con-el-tigre-y-el-resto-con-paloma/) |

**The Char political clan and Federico Gutiérrez's bloc unite behind Abelardo de la Espriella**

The Char political clan and Federico Gutiérrez's bloc unite behind Abelardo de la Espriella. For the 2026 election cycle, this prominent political family and Gutiérrez's right-wing bloc are formally endorsing Abelardo de la Espriella, known as 'El Tigre', for president [[^]](https://httpsm.elcolombiano.com/medellin/federico-gutierrez-creemos-apoyara-la-candidatura-presidencial-de-abelardo-de-la-espriella-GJ32911676). This alliance, involving Federico Gutiérrez's Creemos movement and the Casa Char, creates a unified center-right front supporting de la Espriella's candidacy. This strategy prevents Federico Gutiérrez from running his own ticket and Alejandro Char from launching a separate, competing option. The Char house had previously supported Federico Gutiérrez in the 2022 presidential election [[^]](https://www.infobae.com/en/2022/03/26/full-support-the-entire-char-house-publicly-supports-federico-gutierrez/).

Cambio Radical, despite the coalition, enters the primaries with a divided stance. While associated with the Char clan, the Cambio Radical party has granted its members freedom to support either Paloma Valencia or Abelardo de la Espriella in the first round of the March 2026 presidential primaries [[^]](https://alternativacaribe.info/2026/04/16/cambio-radical-va-dividido-a-la-primera-vuelta-presidencial-char-con-el-tigre-y-el-resto-con-paloma/). The broader Cambio Radical party is not presenting a unified ticket; however, the segment of the party allied with the Char clan specifically supports 'El Tigre', Abelardo de la Espriella [[^]](https://alternativacaribe.info/2026/04/16/cambio-radical-va-dividido-a-la-primera-vuelta-presidencial-char-con-el-tigre-y-el-resto-con-paloma/). This confirms that Alejandro Char will not attempt to launch a separate option for the center-right, instead directing his influence to support de la Espriella within this broader coalition [[^]](http://www.infobae.com/colombia/2026/01/27/abelardo-de-la-espriella-capitaliza-crisis-del-centro-democratico-sumaria-respaldo-de-movimientos-de-fico-gutierrez-y-alex-char/).

## How Strong Is Francia Márquez's Institutional Support by Mid-2025?

Pacto Histórico Legislative Presence | 25 senators and 42 representatives [[^]](https://www.cablenoticias.tv/pacto-historico-recupero-curules-escrutinio-consolido-25-senadores-42-representantes/) |
Colombia Humana Merger Approval | Approved by National Electoral Council (CNE) [[^]](https://www.eltiempo.com/politica/elecciones-colombia-2026/cne-aprueba-la-fusion-del-pacto-historico-y-la-colombia-humana-decision-frenaria-revocatorias-3537077) |
Márquez Presidential Endorsement | Received from Polo Democrático party [[^]](https://www.elcolombiano.com/colombia/politica/francia-marquez-recibio-aval-polo-democratico-a-presidencia-GC16147212) |

**Pacto Histórico demonstrates significant consolidation and legislative strength**

Pacto Histórico demonstrates significant consolidation and legislative strength. By mid-2025, the coalition, comprising progressive and left-wing movements including the Polo Democrático and MAIS [[^]](https://es.wikipedia.org/wiki/Pacto_Hist%C3%B3rico_(coalici%C3%B3n_pol%C3%ADtica)), holds a robust position in the Colombian Congress, with 25 senators and 42 representatives [[^]](https://www.cablenoticias.tv/pacto-historico-recupero-curules-escrutinio-consolido-25-senadores-42-representantes/). The National Electoral Council (CNE) approved the merger of Colombia Humana with the Pacto Histórico, a significant step intended to stabilize the coalition's legal and political structure [[^]](https://www.eltiempo.com/politica/elecciones-colombia-2026/cne-aprueba-la-fusion-del-pacto-historico-y-la-colombia-humana-decision-frenaria-revocatorias-3537077). This provides a strong basis of institutional support that Vice President Francia Márquez can leverage.

Francia Márquez has established institutional backing from constituent parties. She notably received the Polo Democrático party's endorsement for her presidential bid [[^]](https://www.elcolombiano.com/colombia/politica/francia-marquez-recibio-aval-polo-democratico-a-presidencia-GC16147212), indicating direct support from a major coalition member. Her political movement, Soy Porque Somos, also participated in the 'frente amplio' for consultations, underscoring her integrated role within the broader progressive alliance that forms the Pacto Histórico [[^]](https://elespectador.com/politica/elecciones-colombia-2026/francia-marquez-soy-porque-somos-aterrizara-en-el-frente-amplio-para-consulta-de-marzo-noticias-hoy/). These prior endorsements and her participation within the coalition's mechanisms provide a foundation for consolidating additional support as the 2026 election cycle approaches.

Research does not detail fragmentation risks from other contenders. While the potential for fragmentation among other contenders like Gustavo Bolívar was raised, the provided web research offers no specific public endorsements or evidence by mid-2025 illustrating how such competition might fracture institutional support for Márquez. The available information primarily highlights Márquez's existing endorsements and the structural consolidation of the Pacto Histórico coalition itself, suggesting a strong organizational foundation from which she can continue to build support within member parties.

## How Does Petro's 'Total Peace' Policy Impact Colombia's Security?

Public Perception of 'Total Peace' | 64% view as heading in wrong direction [[^]](https://www.valoraanalitik.com/invamer-paz-total-de-petro-pierde-confianza-64-lo-ve-por-mal-camino-y-se-percibe-inseguridad/) |
Extortive Kidnapping Increase | 118% in 2025 [[^]](https://httpsm.elcolombiano.com/colombia/secuestro-extorsivo-subio-118-por-ciento-colombia-2025-mindefensa-EB31125551) |
Homicide Increase | 2% in 2025 [[^]](https://www.eltiempo.com/justicia/conflicto-y-narcotrafico/extorsion-cae-12-pero-homicidios-aumentan-2-en-colombia-en-lo-que-va-de-2025-mindefensa-3495896) |

**The Petro administration's 'Total Peace' policy faces significant public disapproval**

The Petro administration's 'Total Peace' policy faces significant public disapproval. Polling data from Invamer in 2025 indicates that **64%** of Colombians consider the 'Total Peace' strategy misguided, reflecting a deep-seated fear of declining security [[^]](https://www.valoraanalitik.com/invamer-paz-total-de-petro-pierde-confianza-64-lo-ve-por-mal-camino-y-se-percibe-inseguridad/). This erosion of public trust highlights a disconnect between the government's objectives and the experiences of citizens in both rural and intermediate cities [[^]](https://acleddata.com/report/total-peace-paradox-colombia-petros-policy-reduced-violence-armed-groups-grew-stronger).

Analysis of crime statistics through 2025 presents a complex security picture. While the Ministry of Defense reported a **12%** decrease in extortion, other serious crimes have surged [[^]](https://www.eltiempo.com/justicia/conflicto-y-narcotrafico/extorsion-cae-12-pero-homicidios-aumentan-2-en-colombia-en-lo-que-va-de-2025-mindefensa-3495896). Extortive kidnapping, in particular, saw a dramatic **118%** increase in 2025 [[^]](https://httpsm.elcolombiano.com/colombia/secuestro-extorsivo-subio-118-por-ciento-colombia-2025-mindefensa-EB31125551). Homicides also rose by **2%** in the same period, challenging some presidential claims [[^]](https://www.eltiempo.com/justicia/conflicto-y-narcotrafico/extorsion-cae-12-pero-homicidios-aumentan-2-en-colombia-en-lo-que-va-de-2025-mindefensa-3495896). This situation is further complicated by an ACLED report noting that while overall violence may have reduced in some areas, armed groups have simultaneously strengthened [[^]](https://acleddata.com/report/total-peace-paradox-colombia-petros-policy-reduced-violence-armed-groups-grew-stronger).

These negative security trends and public perceptions will significantly shape the 2026 presidential election. The widespread distrust in the 'Total Peace' policy and the persistent rise in kidnapping and homicide rates create strong opposition narratives. For any candidate associated with the current administration, concerns about escalating violence and the perceived ineffectiveness of the 'Total Peace' strategy will pose a major electoral challenge, potentially swaying voters in crucial rural and intermediate cities.

## Why Does Vicky Dávila Lead Colombian Polls Despite Low Favorability?

Vicky Dávila Voting Intention | 17.5% (March 2025) [[^]](https://colombiaone.com/2025/03/24/colombia-voting-intentions-2026-election-sdavila-fajardo/) |
Vicky Dávila Net Favorability | -24% (March 2025) [[^]](https://revistaclevel.com/sergio-fajardo-lidera-en-imagen-favorable-para-elecciones-2026-en-colombia) |
Sergio Fajardo Voting Intention | 15.3% (March 2025) [[^]](https://colombiaone.com/2025/03/24/colombia-voting-intentions-2026-election-sdavila-fajardo/) |

**Vicky Dávila leads early polls for the 2026 Colombian presidential election**

Vicky Dávila leads early polls for the 2026 Colombian presidential election. Journalist Vicky Dávila, an anti-establishment candidate, has secured an early lead in several hypothetical voting intention polls for the 2026 Colombian presidential election. As of March 2025, Dávila led one poll with **17.5%** of voting intention, with other early 2025 polls consistently placing her in the forefront [[^]](https://colombiaone.com/2025/02/14/colombia-vicky-davila-poll-elections-2026/). This strong showing in voting intention occurs despite a negative net favorability rating. A March 2025 poll indicated Dávila with a **30%** favorable image and a **54%** unfavorable image, resulting in a net favorability of -**24%** [[^]](https://revistaclevel.com/sergio-fajardo-lidera-en-imagen-favorable-para-elecciones-2026-en-colombia).

Sergio Fajardo shows higher favorability but lags Dávila in early voting. In contrast, traditional centrist Sergio Fajardo boasts the highest favorable image among potential candidates. A March 2025 Invamer poll revealed Fajardo with a **39%** favorable image and **39%** unfavorable, resulting in a neutral net favorability of **0%** [[^]](https://revistaclevel.com/sergio-fajardo-lidera-en-imagen-favorable-para-elecciones-2026-en-colombia). Despite this stronger public approval, Fajardo generally trails Dávila in early voting intention polls. For example, the same March 2025 poll showed Fajardo garnering **15.3%** compared to Dávila's **17.5%** [[^]](https://colombiaone.com/2025/03/24/colombia-voting-intentions-2026-election-sdavila-fajardo/).

A populist outsider gains support despite significant public disapproval. This dynamic suggests a media-driven, populist outsider can translate high visibility and an anti-establishment stance into initial political support. Such candidates can build early momentum even while facing significant public disapproval [[^]](https://americasquarterly.org/article/former-journalist-seeking-colombias-presidency/).

## Who are the definitive candidates for the 2026 Colombian presidential election?

Inter-party consultations date | March 8, 2026 [[^]](https://eltiempo.com/politica/elecciones-colombia-2026/estos-son-los-candidatos-que-participaron-en-las-consultas-interpartidistas-del-8-de-marzo-y-sus-resultados-3538531) |
Results confirmation date | March 9, 2026 [[^]](https://www.infobae.com/colombia/2026/03/09/asi-quedo-la-lista-de-candidatos-presidenciales-en-colombia-tras-conocerse-los-tres-ganadores-de-las-consultas-interpartidistas/) |
Definitive candidates | Paloma Valencia, Claudia López, Roy Barreras [[^]](https://www.eltiempo.com/politica/elecciones-colombia-2026/resultados-de-las-consultas-presidenciales-2026-siga-el-minuto-a-minuto-de-quienes-fueron-los-elegidos-3538324), [[^]](https://delaurbe.udea.edu.co/politica/ganadores-consultas-interpartidistas/), [[^]](https://www.eluniversal.com.co/colombia/2026/03/08/paloma-valencia-claudia-lopez-y-roy-barreras-lideran-consultas-interpartidistas/) |

**Colombia's 'consultas interpartidistas' finalized major party alliances and candidates**

Colombia's 'consultas interpartidistas' finalized major party alliances and candidates. On March 8, 2026, these inter-party consultations served as the formal deadline for establishing political alliances and unveiling the definitive candidates from the major ideological slates [[^]](https://eltiempo.com/politica/elecciones-colombia-2026/estos-son-los-candidatos-que-participaron-en-las-consultas-interpartidistas-del-8-de-marzo-y-sus-resultados-3538531), [[^]](https://www.eluniversal.com.co/politica/2026/02/06/consultas-interpartidistas-2026-ponen-a-prueba-a-las-coaliciones-analisis/). By March 9, 2026, with the results confirmed, three prominent figures were confirmed as the leading candidates from their respective slates: Paloma Valencia, Claudia López, and Roy Barreras [[^]](https://www.infobae.com/colombia/2026/03/09/asi-quedo-la-lista-de-candidatos-presidenciales-en-colombia-tras-conocerse-los-tres-ganadores-de-las-consultas-interpartidistas/), [[^]](https://www.eltiempo.com/politica/elecciones-colombia-2026/resultados-de-las-consultas-presidenciales-2026-siga-el-minuto-a-minuto-de-quienes-fueron-los-elegidos-3538324), [[^]](https://delaurbe.udea.edu.co/politica/ganadores-consultas-interpartidistas/).

Valencia, López, and Barreras represent the right, center, and left. Paloma Valencia secured the nomination for the right-wing slate, Claudia López for the centrist ideological slate, and Roy Barreras for the left-wing slate [[^]](https://www.eltiempo.com/politica/elecciones-colombia-2026/resultados-de-las-consultas-presidenciales-2026-siga-el-minuto-a-minuto-de-quienes-fueron-los-elegidos-3538324), [[^]](https://delaurbe.udea.edu.co/politica/ganadores-consultas-interpartidistas/), [[^]](https://www.eluniversal.com.co/colombia/2026/03/08/paloma-valencia-claudia-lopez-y-roy-barreras-lideran-consultas-interpartidistas/). These three individuals are now poised to advance as the principal contenders for the first round of the Colombian presidential election, having successfully navigated the inter-party consultation process to solidify alliances and candidacies for the general election [[^]](https://www.infobae.com/colombia/2026/03/09/asi-quedo-la-lista-de-candidatos-presidenciales-en-colombia-tras-conocerse-los-tres-ganadores-de-las-consultas-interpartidistas/), [[^]](https://www.laopinion.com.co/elecciones-2026/paloma-valencia-claudia-lopez-y-roy-barreras-inician-carrera-por-la-presidencia), [[^]](https://www.eluniversal.com.co/politica/2026/02/06/consultas-interpartidistas-2026-ponen-a-prueba-a-las-coaliciones-analisis/).

## What Could Change the Odds

**Key takeaway.** Catalyst analysis unavailable.

## Key Dates & Catalysts

- **Expiration:** May 31, 2027
- **Closes:** May 31, 2027

## Decision-Flipping Events

- Catalyst analysis unavailable.

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## Historical Resolutions

No historical resolution data available for this series.

## Disclaimer

This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice.
Prediction markets involve risk of loss. Past performance does not guarantee future results.
We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete.

### Data Sources & Model Transparency

**Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data.

**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.