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| Market | Platform | Price |
|---|---|---|
![]() | Poly | 11% |
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This market will resolve to "Yes" if the President of the Republic of Türkiye Recep Tayyip Erdoğan is removed from power for any length of time between July 24, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". Erdoğan 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 Türkiye within this market's timeframe. The primary resolution source for this market
Prediction markets currently assign a low probability to President Recep Tayyip Erdoğan leaving office before the end of 2026. On Polymarket, the "Yes" share trades at approximately 11%, implying the market sees about a 1 in 9 chance of his removal within this timeframe. This 11% probability suggests the consensus view is that Erdoğan remaining in power is the overwhelming favorite outcome, with the prospect of his exit seen as a remote, though not impossible, tail risk.
Several structural and political factors underpin this low probability. First, Erdoğan’s institutional control is profound. Following his re-election in May 2023 and the concurrent parliamentary victory for his ruling alliance, he maintains a firm grip on the presidency, the legislature, and key state institutions. Second, there is no clear constitutional or immediate electoral path for his removal. The next scheduled presidential election is not until 2028, well outside this market’s window. Third, despite significant economic challenges including high inflation, Erdoğan’s political base remains resilient, and organized opposition capable of forcing an early exit appears fragmented and weak.
The primary catalysts that could shift these odds are unforeseen political or health crises. A severe and sudden deterioration in Erdoğan’s health could trigger a succession crisis, though the constitution has a clear vice-presidential line of succession. A dramatic escalation of Turkey’s economic crisis, leading to widespread social unrest that destabilizes the government, could also increase perceived risks. Geopolitical shocks, such as a major regional conflict involving Turkey, might create unpredictable political pressure. However, the market’s pricing indicates that any such event is considered a low-probability scenario within the next two and a half years. Monitoring key dates, such as local election aftermath or significant economic data releases, may provide early signals of mounting pressure.
AI-generated analysis based on market data. Not financial advice.
$136.44K
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This prediction market addresses whether Recep Tayyip Erdoğan, the long-serving President of Türkiye, will be removed from power before the end of 2026. The market resolves to 'Yes' if Erdoğan resigns, is detained, or otherwise loses his position or is prevented from fulfilling his presidential duties between July 24, 2024, and December 31, 2026. This timeframe is significant as it follows the March 2023 presidential election, which Erdoğan won, extending his rule into a third decade. The question reflects ongoing speculation about the stability of his leadership amid significant economic challenges, shifting geopolitical alliances, and domestic political pressures. Interest in this topic stems from Erdoğan's central role in shaping modern Türkiye, his consolidation of executive power through constitutional changes, and the potential for profound regional and global consequences should his tenure end unexpectedly. Observers monitor several potential catalysts for his removal, including health concerns, legal challenges, economic collapse, or a decisive shift in public and institutional support. The market serves as a collective assessment of risks to one of the world's most enduring political figures.
Recep Tayyip Erdoğan's political ascent began with his election as Mayor of Istanbul in 1994. He became Prime Minister in 2003 after his Justice and Development Party (AKP) won a parliamentary majority in 2002, ending years of unstable coalition governments. His early years were marked by economic growth and EU accession talks, but his rule grew increasingly authoritarian following mass protests in 2013 (Gezi Park) and a failed coup attempt in July 2016. The latter event triggered a widespread purge of state institutions and the declaration of a state of emergency. A pivotal moment was the 2017 constitutional referendum, which narrowly passed and transformed Türkiye from a parliamentary system to an executive presidency, greatly expanding Erdoğan's powers. He won the first presidential election under this new system in 2018. His political survival has been tested by economic turmoil, with the Turkish lira losing over 80% of its value against the US dollar since 2018, and by significant electoral setbacks for the AKP in major cities like Istanbul and Ankara during the 2019 local elections. The precedent for removal is rare in recent Turkish history; the last forced departure of a leader was Prime Minister Necmettin Erbakan in 1997 via a 'post-modern coup' orchestrated by the military. Erdoğan has systematically reduced the political influence of the military, making a similar intervention less likely.
The question of Erdoğan's tenure matters profoundly for Türkiye's 85 million citizens and the broader international order. Domestically, his potential removal would trigger the most significant political transition in over two decades, impacting everything from economic policy and judicial independence to media freedom and civil society. The direction of the Turkish economy, struggling with inflation exceeding 60% as of early 2024, hinges on leadership. A change could lead to a sharp pivot toward orthodox monetary policy, affecting foreign investment, currency stability, and debt management. Internationally, Türkiye is a critical NATO member with the alliance's second-largest army, a key player in Black Sea security, Syrian conflict dynamics, and European migration flows. A leadership change could recalibrate its relationships with Russia, the United States, and the European Union, with significant implications for global geopolitics, including the war in Ukraine. Regionally, Türkiye's influence in the Middle East, the Caucasus, and the Eastern Mediterranean is largely shaped by Erdoğan's assertive stance. His departure would reshape power dynamics across these theaters.
As of mid-2024, Recep Tayyip Erdoğan remains firmly in power following his May 2023 electoral victory. His government, led by the AKP and its nationalist ally the MHP, holds a majority in parliament. The primary focus is on the severe economic crisis, with Finance Minister Mehmet Şimşek implementing interest rate hikes and seeking to rebuild foreign reserves after years of unorthodox policy. The political opposition, led by the CHP, is in a period of regrouping and leadership debates following its 2023 election loss. Meanwhile, the government continues its foreign policy of balancing relations between NATO and Russia. There are no immediate, publicly known constitutional, legal, or health-related challenges that directly threaten Erdoğan's position before the next scheduled elections in 2028. However, the sustainability of economic stabilization efforts and potential social unrest remain critical variables being closely watched by analysts.
Potential reasons include resignation due to health issues, loss of political support leading to an early election defeat, a legal or constitutional challenge resulting in his disqualification, or an extraordinary event like detention following a political crisis. A military coup, while historically precedented, is considered less likely given the armed forces' reduced political role under Erdoğan.
The next scheduled presidential election is in 2028, as elections are held every five years. Erdoğan's current term expires that year. An early election could be called by parliament or the president under certain conditions, but there is no indication of this as of mid-2024.
The economy is Erdoğan's greatest vulnerability. Persistently high inflation and a weak lira directly impact voters' livelihoods. If economic conditions deteriorate sharply, it could trigger widespread protests, erode his electoral coalition, and increase pressure from within his own party for a change in leadership or policy.
While the military staged coups in 1960, 1971, 1980, and pressured a government in 1997, its political influence has been systematically curtailed under Erdoğan through purges and legal changes. A traditional military coup is now considered a low-probability event, though the institution remains a powerful state actor.
According to the Turkish constitution, if the presidency becomes vacant, the Speaker of the Grand National Assembly serves as acting president. A new presidential election must be called within 45 days to complete the term of the departed president.
Educational content is AI-generated and sourced from Wikipedia. It should not be considered financial advice.
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