Seoul Mayor Market Prices PPP Surge; Chong Crashes to 43.8%
Chong Won-oh's Seoul mayoral win contract fell to 43.8% as of 18:57 UTC Wednesday — down 54pp from the 0.9805 session peak — as traders price PPP over exit-poll projections.
The contract pricing Chong Won-oh's Seoul mayoral win stood at 43.8% as of 18:57 UTC Wednesday — down 54.25 percentage points from the 0.9805 session peak — as traders across a three-market cluster infer a vote distribution more favorable to PPP than exit polls projected. Oh Se-hoon's mirror contract has simultaneously surged to 59.6%, and Park Wan-soo's Gyeongsangnam gubernatorial bid has rocketed to 92.6% — a coordinated PPP repricing across South Korea's June 3 local elections on combined 24h volume exceeding $2.52 million.
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