Andy Burnham out as Mayor of Greater Manchester by May 31?
June 1, 2026 · $133k volume
Why it resolved
Josh Simons resigned on May 14, 2026, triggering a Makerfield by-election intended to allow Burnham to return to Parliament and eventually step down as mayor. The market spiked +40pp to 55¢ on this news (14¢ → 55¢ at 17:00 UTC), anticipating Burnham would exit the mayoralty. However, Burnham did not immediately resign — he remained mayor while campaigning for the June 18 by-election. The market then collapsed from 55¢ to 14¢ over May 15 as traders recognized he was still in post by the May 31 deadline.
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