Who will win the next Greek general election?
Short Answer
1. Executive Verdict
- New Democracy leads polls, but its support declined near bonus threshold. SYRIZA's support dramatically declined since June 2023, now 4-7%. PASOK-KINAL shows limited gains, solidifying second place behind New Democracy. The electoral system favors single-party majorities, despite growing fragmentation. * A party likely needs approximately 38% of the vote for a single-party majority.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| New Democracy | 77.0% | 89.7% | New Democracy has an evidence score of +1 for the next election. |
| SYRIZA | 0.5% | 0.4% | SYRIZA lacks specific justification for a potential victory in the research excerpt. |
| PASOK-KINAL | 9.9% | 9.8% | PASOK-KINAL lacks specific justification for electoral success in the research excerpt. |
Current Context
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Market Data
Contract Snapshot
This market resolves to "Yes" if New Democracy wins the next Greek general election in 2027 by securing the most seats, or by tie-breaking rules if seats are tied. Otherwise, it resolves to "No." The market opened July 15, 2025, and closes after the outcome or by July 30, 2028, with results verified by the Ministry of Interior; it remains open for up to two years if the election is postponed.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| New Democracy | $0.80 | $0.23 | 77% |
| PASOK-KINAL | $0.09 | $0.96 | 10% |
| SYRIZA | $0.07 | $1.00 | 1% |
Market Discussion
Prediction market odds strongly favor New Democracy as the likely winner of the next Greek general election, with an implied probability of 75.5% [^][^][^]. A May 4, 2026 opinion poll reported that 54.4% of respondents believe New Democracy will win, showing a 16.8-point lead over PASOK [^]. Recent commentary from May 8, 2026, further describes New Democracy as the leading party, with PASOK seen as unlikely to overtake its dominance [^].
4. What political or economic catalysts could prompt Prime Minister Mitsotakis to call for an early general election in 2026?
| Key Political Scandals | OPEKEPE subsidy-corruption and Predator wiretapping scandals (Spring 2026) [^] |
|---|---|
| Economic Risk Factors | Higher oil/gas prices, inflation, transport, and energy costs (Middle East war) [^][^] |
| PM's Stance on Elections | Publicly rejected early elections; proponents suggest proactive call (2026) [^][^] |
5. What recent polling trends since the June 2023 election indicate a shift in public support from New Democracy to opposition parties like SYRIZA and PASOK?
| New Democracy (June 2024 EU Elections) | 28.3% [^] |
|---|---|
| SYRIZA (Recent Polls) | 4% to 7% [^][^][^][^][^][^] |
| PASOK (May 2026 Polls) | 14.8% to 14.9% [^][^] |
6. How do the economic platforms of New Democracy, SYRIZA, and PASOK-KINAL compare on key issues like taxation, public debt, and cost of living?
| ND Debt-to-GDP Target | 120% by 2030 [^] |
|---|---|
| SYRIZA Tax-Free Threshold | €10,000 [^][^] |
| PASOK-KINAL Bank Levy | 5% on profits > €400 million [^][^] |
7. Which Greek polling organizations had the most accurate track records in predicting the outcomes of the 2023 general elections?
| Most Accurate Pollster | Opinion (1.2 percentage points deviation) [^][^] |
|---|---|
| Next Most Accurate Pollsters | Pulse RC and Metron Analysis (1.5 percentage points deviation each) [^] |
| Other Highly Accurate Pollsters | MRB (1.8 percentage points deviation) and RASS (1.9 percentage points deviation) [^] |
8. Under the current electoral law, what percentage of the national vote would New Democracy, SYRIZA, or PASOK-KINAL likely need to form a single-party majority government?
| Majority vote needed | About 38% of national vote [^] |
|---|---|
| Hellenic Parliament seats | 300 seats [^] |
| Maximum bonus seats | 50 extra seats at 40% national vote [^] |
9. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: July 30, 2028
- Closes: July 30, 2028
10. Decision-Flipping Events
- Trigger: The prediction market contract for the next Greek general election (2027) resolves to "Yes" if New Democracy wins [^] [^] .
- Trigger: Currently, odds indicate New Democracy as the top outcome, with other major outcomes like SYRIZA and PASOK-KINAL showing much lower implied likelihoods [^] [^] [^] .
- Trigger: New Democracy is described as "optimistic" and maintaining a lead over PASOK ahead of the election season [^] .
- Trigger: The Kalshi contract closes on 2028-07-30T14:00:00Z, although the Greek parliamentary election itself is scheduled before 25 July 2027 [^] [^] [^] [^] .
12. Historical Resolutions
No historical resolution data available for this series.
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