Traders give Pierre Alain Schnegg about a 32.5% chance. Céline Amaudruz follows at 24.8%, Thomas Aeschi follows at 21.8%, and Jean-Pierre Gallati follows at 8.5%. Compare prices from Kalshi and Polymarket. The largest cross-platform price difference is 23.0 percentage points.
Pierre Alain Schnegg is the President of the Government of the Canton of Bern, leading the Department of Health, Social Affairs, and Integration. He has been a member of the Bernese government since 2016, previously serving as a member of the Grand Council and the Jura Bernois Council. His extensive executive experience and leadership in health and social affairs make him a significant figure in Swiss politics.
About Céline Amaudruz
Céline Amaudruz est conseillère nationale pour l'UDC depuis 2011 et vice-présidente de l'UDC Suisse depuis 2016. Elle a présidé le Grand Conseil genevois de 2010 à 2016 et a dirigé la campagne de Guy Parmelin pour le Conseil fédéral en 2015. Elle est candidate au Conseil fédéral pour succéder à Guy Parmelin.
About Thomas Aeschi
Thomas Aeschi is a Swiss politician and businessman, currently serving as a member of the National Council for the Swiss People's Party since 2011. He previously served on the Cantonal Council of Zug from 2010 to 2012. Aeschi has been nominated by the SVP Kanton Zug as a candidate for the Swiss Federal Council by-election scheduled for December 9, 2026.
About Jean-Pierre Gallati
Jean-Pierre Gallati is the current member of the Aargau cantonal government, serving as the head of the Department of Health and Social Affairs. Before his current role, he was a member of the Grand Council of Aargau from 2009 to 2019, including serving as the parliamentary group leader of the Swiss People's Party (SVP). His extensive experience in both executive and legislative branches, along with his leadership in health and social affairs, makes him a significant figure in Swiss politics.
About Natalie Rickli
Natalie Rickli is a Swiss politician serving as the Head of the Department of Health in the Canton of Zurich since May 2019. She previously served as a member of the National Council from 2007 to 2019. Rickli's extensive experience in Swiss politics and her current role in health policy make her a significant figure in discussions about the Swiss Federal Council.
About Pascal Schmid
Pascal Schmid is a National Councillor representing Thurgau for the Swiss People's Party (SVP). He has served in this role since December 2023. Schmid is also the SVP's asylum policy chief and has been active in Swiss politics for several years.
Market RulebooksOfficial settlement criteria and edge cases
Market Rulebook: Swiss Federal Council by-election winner?
Official settlement criteria, resolution sources, and edge cases across Kalshi and Polymarket.
Kalshi
Primary Rule
If Thomas Aeschi wins the 2026 Swiss Federal Council by-election for Guy Parmelin's seat, then the market resolves to Yes.
This market is eligible for accelerated resolution by a consensus of media calls. See full rules for details.
Switzerland's Federal Assembly is currently scheduled to elect a successor to Federal Councillor Guy Parmelin on December 9, 2026.
This market will resolve to the first individual elected by the Federal Assembly to succeed Guy Parmelin as a member of the Swiss Federal Council by June 30, 2027, 11:59 PM ET.
An individual will be considered elected once the Federal Assembly officially declares them elected. Whether the elected individual accepts the election, is sworn in, or assumes office will not affect the resolution of this market.
If no such individual is elected by June 30, 2027, 11:59 PM ET, this market will resolve to “Other”.
The primary resolution source for this market will be official information from the Government of Switzerland and the Swiss Federal Assembly; however, a consensus of credible reporting may also be used.
Resolution Oracles
UMA Optimistic OracleConsensus of Sources
Frequently Asked Questions
What determines the winner of the Swiss Federal Council by-election?
The winner is determined by the candidate who receives the majority of votes during the election. This process involves the Swiss Federal Assembly electing the new council member.
How do candidate campaigns affect the prediction market odds?
Candidate campaigns can sway public opinion and influence polling results, which in turn affects the odds in prediction markets. As candidates gain or lose support, the odds reflect these changes.
When does trading close for this by-election market?
Trading for the Swiss Federal Council by-election market closes on December 10, 2026. This deadline marks the last opportunity for traders to place bets before the election results are finalized.
What does the Swiss Federal Council by-election winner prediction market track?
The outcomes listed above show how traders are pricing this question. Compare outcome prices from Kalshi, Polymarket in one place. Each price reflects the market’s implied probability, not a guaranteed result.
What are the latest Swiss Federal Council by-election winner odds?
The latest available prices are Pierre Alain Schnegg: 21.0¢ on Kalshi, 44.0¢ on Polymarket; Céline Amaudruz: 15.5¢ on Kalshi, 34.0¢ on Polymarket; Thomas Aeschi: 20.0¢ on Kalshi, 23.5¢ on Polymarket; Jean-Pierre Gallati: 9.0¢ on Kalshi, 8.0¢ on Polymarket. Prices are quoted in cents per $1 share. Check the venue for executable prices and available liquidity.