Which countries will officially participate in Eurovision Song Contest 2027?
PM $53.1K · K 12.1K contracts
2
52
Which countries will officially participate in Eurovision Song Contest 2027?
PM $53.1K · K 12.1K contracts
2
52
Current odds
Snapshot from
As of Oct 27, 2026, 12:00 PM UTC, the highest-priced outcome on Polymarket is Italy at 98%, and on Kalshi it is Germany at 95%.
Polymarket
- Italy98%
- Canada97.3%
- Austria96.8%
- Germany96.8%
- Moldova96.3%
Kalshi
- Germany95%
- Moldova95%
- Austria95%
- United Kingdom95%
- Ukraine95%
Yes prices. They are not order quotes; check each platform's rules, fees and live prices before trading.
AI Analysis
Trader mode: Market mechanics, assumptions and risks
PM $53.1K · K 12.1K contracts
Reported volume · provider units
52
Saved contracts
0
Same-question pairs
Source snapshot: Oct 27, 2026, 12:00 PM UTC
About This Event
Eurovision 2027 If X has performed as an official entry in the Eurovision Song Contest 2027, then the market resolves to Yes. To qualify as participation, the country/broadcaster must be confirmed by the EBU or national broadcaster to represent a country AND must perform their entry as part of the competition, either in a Semi-Final or Grand Final. The performance must be a numbered competition entry eligible for voting. Opening acts, interval acts, or other non-competitive performances do not count. Markets resolve to Yes even if the participant is later disqualified or penalized, as long as they performed. Withdrawal before performance, voluntary or involuntary, results in No resolution. Mere inclusion on the participant list without actual performance does not qualify. This market will close and expire early if the participant performs in Eurovision.
This analysis is awaiting a background update, so its prices may be older than the odds above.
Current Market Outlook
Kalshi traders are pricing Ukraine's participation in Eurovision 2027 at 93%. That is not a cautious bet. The market sees Ukraine as all but certain to compete, despite the obvious complications of a nation fighting a full-scale war. A 93% probability implies the market assigns roughly a 7% chance that something catastrophic enough to derail Ukraine's participation occurs in the next two years. That is a narrow window for error.
For context, Ukraine has participated every year since 2003, including during the 2014 Russian invasion and the 2022 full-scale war. The EBU and Ukraine's broadcaster Suspilne have maintained their commitment through active conflict. The 2023 contest in Liverpool was hosted by the UK on Ukraine's behalf after Kalush Orchestra won in 2022, and Ukraine competed that same year with a live performance from a bomb shelter.
Key Factors Driving the Odds
The EBU has a consistent record of accommodating war-affected broadcasters. Ukraine's national selection process, Vidbir, continued in 2023 and 2024 without disruption. Suspilne remains operational and funded. The legal and logistical framework for participation is already stress-tested.
The more relevant question is whether Ukraine's broadcaster can field a competitive entry under wartime conditions. So far, yes. Ukraine placed 6th in 2023 and 3rd in 2024. The country's music industry has adapted. Artists like alyona alyona and Jerry Heil toured during the war and recorded in studios that were not bombed. The risk is not about capability. It is about whether the security situation deteriorates to the point where the EBU deems travel or broadcast unsafe. That has not happened yet.
What Could Change These Odds
The downside risks are narrow but real. A major escalation, such as a direct NATO-Russia confrontation or a Russian offensive that cuts off Kyiv's power grid permanently, could force Suspilne to suspend operations. The EBU could also impose sanctions if Ukraine's government restricts press freedom or broadcaster independence, though that is unlikely given current EU alignment.
The upside is capped. The market already prices near-certainty. A move to 99% would require a formal EBU confirmation of Ukraine's participation, which typically comes 12 months before the contest. That announcement would remove the residual uncertainty but not shift the price much. The real action is on the 7% tail risk, and that is not something prediction markets handle well. Tail events are systematically underpriced.
AI-generated analysis based on market data. Not financial advice.
Saved Jul 27, 2026 UTCThis saved content is awaiting a background update. It may contain outdated claims; use the dated market data and provider rules for the latest available information.
Overview
The Eurovision Song Contest is an annual international song competition organized by the European Broadcasting Union (EBU). Each year, member broadcasters submit songs to represent their countries, and the contest is broadcast live across Europe and beyond. The 2027 edition will be the 71st iteration of the event. The host country is determined by the winner of the previous year's contest. For 2027, the host nation will be whoever wins Eurovision 2026. The list of participating countries is typically announced by the EBU in the autumn of the year before the contest, though some countries confirm their participation or withdrawal much earlier. The contest has traditionally included around 35 to 40 countries, though the exact number fluctuates due to financial constraints, political issues, and broadcaster interest. The EBU's official list of participants for 2027 is not expected until late 2026, but speculation begins well in advance based on broadcaster announcements, budget approvals, and historical patterns. The prediction market resolves when the EBU or national broadcasters confirm a country's entry and that entry performs in a semi-final or grand final as a numbered competitive entry. This means that even if a broadcaster announces participation, if the act does not perform in the competition (for example, due to disqualification or withdrawal), the country does not count as participating for market resolution purposes.
Historical Context
The Eurovision Song Contest has been held annually since 1956, with the first contest in Lugano, Switzerland, featuring seven countries. Over the decades, participation has expanded from Western Europe to include Eastern Europe, Australia (since 2015), and Israel. The number of participating countries peaked at 43 in 2008 and 2011, but has since stabilized around 37 to 41. The contest has seen several notable withdrawals and returns. For example, Turkey last participated in 2012 and has not returned due to dissatisfaction with the voting system. Russia was excluded from 2022 onward following its invasion of Ukraine, and its broadcaster later left the EBU. The 2022 contest saw 40 participants, but by 2024, the number dropped to 37. The EBU's official participant list for a given year is typically released in October or November of the previous year. For instance, the 2024 participant list was announced on December 5, 2023. However, some countries announce intentions earlier. For 2025, several broadcasters had confirmed participation by early 2024. The contest's history shows that participation decisions are often influenced by economic factors (e.g., Bulgaria and Montenegro withdrew in 2020 and 2024 citing costs), political tensions (e.g., Armenia and Azerbaijan have had disputes), and broadcaster priorities (e.g., some broadcasters rotate participation due to budget cycles).
Why It Matters
The Eurovision Song Contest is one of the world's largest televised music events, with a global audience estimated at over 180 million viewers in 2023. Participation decisions affect not only the contest's scale and diversity but also cultural representation and national pride. For many smaller countries, Eurovision is a major cultural export opportunity. For broadcasters, participation involves significant costs: entry fees, delegation expenses, and production costs. The EBU charges a fee per country, which varies based on a country's size and broadcast revenue. In 2024, the fee was reported to be around €100,000 to €200,000 per country. Economic downturns often lead to withdrawals, as seen with several Eastern European countries in recent years. Political implications are also significant. The exclusion of Russia in 2022 and the ongoing participation of Israel (which has faced calls for exclusion) show how the contest intersects with international relations. The 2027 contest will be the 71st edition, and its participant list will reflect the geopolitical and economic landscape of the late 2020s. For prediction markets, the outcome is a concrete binary resolution based on official confirmations and actual performances, making it a clear test of forecasting accuracy.
Frequently Asked Questions
When will the official list of Eurovision 2027 participants be announced?
The EBU typically announces the official participant list in October or November 2026, about six to seven months before the contest. Some countries may confirm participation earlier.
How many countries usually participate in Eurovision?
In recent years, the contest has had between 37 and 43 participants. The average since 2010 is about 40 countries. The number for 2027 will depend on returns and new entries.
Can a country withdraw after confirming participation?
Yes, but it is rare. Withdrawals typically occur due to financial issues, political events, or broadcaster disputes. If a country withdraws after the official list is published, it is still counted as a participant for the market only if they performed a competitive entry.
What countries are most likely to participate in 2027?
The Big Five (France, Germany, Italy, Spain, UK) and countries like Sweden, Greece, and Australia have strong track records of consistent participation. Countries that withdrew recently (Romania, Bulgaria) may return if funding improves.
Will Russia participate in Eurovision 2027?
Russia was excluded from the 2022 contest and its broadcaster left the EBU. As of 2025, there are no signs of Russia returning. Its participation would require the EBU to lift the ban and the broadcaster to rejoin, which is unlikely in the near term.
AI-written background. References identify the evidence used; Wikipedia links under Learn More are additional reading. Prices and provider rules are dated snapshots. This is not financial advice.
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