Election prediction markets track the probability of political outcomes across the globe. Whether it's a presidential election, primary race, referendum, or other electoral contest, these markets aggregate real-time data and collective opinion to forecast results. The 2024-2028 electoral cycle features markets on U.S. elections, international races, and primary contests for major and emerging candidates. Markets span a wide range of participants—from politicians and their organizations to independent observers and policy enthusiasts. Prices reflect real-time assessments of candidate viability, electoral strength, and strategic positioning. Key factors that move election market prices include: **Polling data**: New surveys showing candidate support or momentum shifts create immediate price movements. **News & events**: Major announcements—endorsements, debate results, campaign launches, or controversies—drive rapid repricing. **Fundraising & organization**: Campaign finance reports and operational strength signal candidate momentum. **Political developments**: Primary results, party proceedings, and interim elections influence market expectations about future outcomes. **Electoral mechanics**: Complex rules around delegates, ballot access, and winner-determination affect viability assessments. Markets become more active and narrow in range as election dates approach and uncertainty decreases. Early markets reward conviction and contrarian positioning; later markets converge toward near-consensus. Many participants use these markets to track political sentiment, validate their own forecasts, or simply follow the real-time consensus across thousands of independent traders.