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icon for Which coalition will form the next New Zealand government?
Politics·Global Elections

Which coalition will form the next New Zealand government?

icon for Which coalition will form the next New Zealand government?
Politics·Global Elections

Which coalition will form the next New Zealand government?

National + ACT + NZF 32%

Labour + Green 32.3%

Labour + Green + Maori 24%

Other 9.3%

Polymarket

$45,888 Vol.

National + ACT + NZF 32%

Labour + Green 32.3%

Labour + Green + Maori 24%

Other 9.3%

Polymarket

$45,888 Vol.

Labour

$1,292 Vol.

<1%

Labour + Green

$3,887 Vol.

32%

Labour + Maori

$1,296 Vol.

1%

Labour + NZF

$1,262 Vol.

<1%

Labour + Green + Maori

$4,740 Vol.

24%

Labour + Green + NZF

$1,486 Vol.

2%

Labour + Maori + NZF

$1,243 Vol.

<1%

Labour + Green + Maori + NZF

$1,815 Vol.

1%

National

$1,172 Vol.

<1%

National + ACT

$1,874 Vol.

<1%

National + NZF

$1,659 Vol.

<1%

National + Maori

$1,237 Vol.

<1%

National + ACT + NZF

$6,484 Vol.

32%

National + ACT + Maori

$1,247 Vol.

<1%

National + NZF + Maori

$1,161 Vol.

<1%

National + ACT + NZF + Maori

$1,353 Vol.

<1%

National + Labour

$1,114 Vol.

1%

Other

$11,565 Vol.

9%

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.Recent August 2026 polls show National, Labour, and their potential partners locked in a tight race ahead of the November 7 election under New Zealand’s MMP system, with party-vote shares for the major blocs separated by only a few points in most surveys. National hovers near 30 percent while Labour trades narrow leads or deficits, Greens sit in double digits, and ACT plus NZ First add crucial support that keeps the incumbent coalition’s aggregate near or just above 48 percent in rolling averages. A rising Opportunity Party near the 5 percent threshold introduces further uncertainty, as does low but variable support for Te Pāti Māori. Labour and the Greens have publicly coordinated campaign messaging, while National faces internal leadership scrutiny and voter concerns over economic conditions. These overlapping dynamics leave the National-ACT-NZ First and Labour-Green blocs within a few market points of each other, with modest shifts in turnout, minor-party clearances, or late policy announcements able to tip seat projections either way.

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.
Volume
$45,888
End Date
Nov 7, 2026
Market Opened
May 4, 2026, 4:10 PM ET

Resolver

0x69c47De9D...
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.
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.Recent August 2026 polls show National, Labour, and their potential partners locked in a tight race ahead of the November 7 election under New Zealand’s MMP system, with party-vote shares for the major blocs separated by only a few points in most surveys. National hovers near 30 percent while Labour trades narrow leads or deficits, Greens sit in double digits, and ACT plus NZ First add crucial support that keeps the incumbent coalition’s aggregate near or just above 48 percent in rolling averages. A rising Opportunity Party near the 5 percent threshold introduces further uncertainty, as does low but variable support for Te Pāti Māori. Labour and the Greens have publicly coordinated campaign messaging, while National faces internal leadership scrutiny and voter concerns over economic conditions. These overlapping dynamics leave the National-ACT-NZ First and Labour-Green blocs within a few market points of each other, with modest shifts in turnout, minor-party clearances, or late policy announcements able to tip seat projections either way.

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.
Volume
$45,888
End Date
Nov 7, 2026
Market Opened
May 4, 2026, 4:10 PM ET

Resolver

0x69c47De9D...
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.

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Frequently Asked Questions

"Which coalition will form the next New Zealand government?" is a prediction market on Polymarket with 18 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "National + ACT + NZF" at 33%, followed by "Labour + Green" at 32%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 33¢ implies that the market collectively assigns a 33% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Which coalition will form the next New Zealand government?" has generated $45.9K in total trading volume since the market launched on May 4, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Which coalition will form the next New Zealand government?," browse the 18 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Which coalition will form the next New Zealand government?" is "National + ACT + NZF" at 33%, meaning the market assigns a 33% chance to that outcome. The next closest outcome is "Labour + Green" at 32%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Which coalition will form the next New Zealand government?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.