Will One Nation win the most seats in the next Victorian Legislative Council election?

The 2026 Victorian state election is currently scheduled to be held on 28 November 2026 to elect members of the 61st Parliament of Victoria. This market will resolve to "Yes" according to which party or coalition wins the most seats in the Legislative Council (Victoria's upper house) as a result of the next Victorian state election. If the results of this election are not known definitively by March 31, 2027, 11:59 PM ET, this market will resolve to "Other". Liberal–National refers to the Liberal–National Coalition. Liberal–National will include all Legislative Council seats won by both the Liberal Party and the Nationals, including members elected from joint Liberal–National groups, regardless of their parliamentary coalition behaviour, and its first-preference vote total will include the votes received by both parties. Each Legislative Council seat will be attributed to the party under whose name the elected candidate, or the elected candidate's group, appeared on the ballot paper. Parties and coalitions will be primarily ranked by the total number of Legislative Council seats won across all eight electoral regions. If two or more are tied on seats, ties will be broken by the total number of formal first-preference votes received in the Legislative Council election across all eight electoral regions, counting both above-the-line votes for the party's group and below-the-line first-preference votes for its candidates, with higher vote totals ranking higher. If they remain tied, ties will be broken by alphabetical order of the listed names. This market will resolve to the party or coalition that occupies the highest finishing position after applying this ranking. This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the Victorian government, including the Victorian Electoral Commission (VEC) (https://www.vec.vic.gov.au/).

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