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Will Parti Québécois finish 2nd in the 2026 Quebec general election?

kalshiElections·2026-10-05·view on kalshi ↗
15%
Agent
16%
Market Price
-1.2%
Edge
65%
Confidence
15,502
Volume
2.0c
Spread
364
Days to resolution
5
Markets in event
final rationale
Mean of 5 draws (0.13, 0.14, 0.16, 0.16, 0.15). Resolution: Élections Québec's page (updated Oct 3) shows no 2026 results; voting is today and certification follows. Time left: the stated deadline is the 2027-10-05 close, but resolution comes once results are certified, within days to weeks. Status quo: every final-week poll and the 99-poll average (PQ 28, PLQ 24) put PQ first in the popular vote, so PQ finishes 1st and this resolves No. No scenario: PQ wins the vote by its polled 4–6 points, or (very unlikely) falls to 3rd. Yes scenario: the Liberals win the province-wide vote through late anti-referendum consolidation like 2014, a polling miss, or inefficient Montreal vote concentration, while PQ still wins seats; Forum's 26–25 final poll and the large soft-voter bloc make this plausible. The Polymarket 'PQ most seats' price of 97.5% measures seats, not votes, so a seats/votes split remains the residual Yes path. A ~4-point lead against typical Quebec polling error implies roughly 10–15%, and the Kalshi price has dropped 12 points in a week, so I shade slightly below the 16% anchor.
price vs. prediction
market price agent forecast at t+0
13 follow-ups
1. Planner Opus 5.5 · picks the research tools
Tools chosen: kalshi_direct resolution_source kalshi_related polymarket_related wikipedia gdelt_news
Planner reasoning
Today is election day, so the market price is the main anchor. Kalshi's related markets for the winner and for other parties' 2nd-place contracts give a cross-check, and Polymarket offers an independent crowd. Wikipedia has polling aggregates for the 2026 Quebec election, Élections Québec is the resolution source, and a GDELT search can catch preliminary results.
2. Research parallel tool calls + 4 web research loops (Sonnet 5) · read raw by the forecasters
at a glance
RESEARCH DIGEST (built in code: tool summaries and each report's bottom line; the forecasters read the full tool outputs and reports) Tools - kalshi_direct: ## This Market's Kalshi Data **Parti Québécois** (KXQUEBEC2ND-26OCT05-2-PQ) - Current price (probability): 16.00% (live; bid 16% / ask 18%) - 7-day price change: -12.00% - 30-day price change: -8.00% - Average daily volume: 1722 contracts - Price range: 2.00% - 28.00% - Data points: 9 days - resolution_source: already_resolved=unclear; matches_criteria=True; last_updated=3 octobre 2026. The page lists historical Quebec general election results (2022, 2018, etc.) and by-election results, including recent by-elections won by Parti Québécois (Chicoutimi, Arthabaska, Terrebonne, Jean-Talon), but does not show any certified vote results for the 2026 general election itself. It notes 'Le 5 octobre 2026, on vo - kalshi_related: 1 related markets / summaries. series KXQUEBEC2ND: 0 markets (skipped 5 no-signal) | series KXQUEBEC: 0 markets (skipped 1 no-signal) | keyword 'Quebec election': ok - polymarket_related: Polymarket search over 2 keyword(s), kept 10 matches. keyword 'Quebec election': 5 markets | keyword 'Parti Québécois': 5 markets - wikipedia: Fetched 2 Wikipedia entries (1 missing pages). - gdelt_news: GDELT: 0 articles across 2 queries (lookback=3d). 'Quebec election results popular vote': error GDELT rate-limited after retries (429) | 'élection Québec résultats PQ': 0 hits Research loops, bottom lines - current state: As of election day (Oct 5, 2026), PQ is the consistent frontrunner in virtually every late poll, but the race for 2nd place in popular vote is unsettled and volatile between PLQ, PCQ, and (in a minority of polls) CAQ — most late-campaign polls (Leger, Pallas, Mainstreet) show PLQ as the most likely 2nd-place finisher, with PCQ a strong contender and CAQ's 2nd-place odds fading; certified Élections Québec results are not yet available as counting is only beginning tonight. - base rate: The historical base rate for "PQ finishes 2nd" is moderate (~1/3 of recent elections), but that reference class is dominated by elections where PQ was not the frontrunner; in the actual 2026 race, a dense, multi-house final-week polling consensus (Léger, Forum, Research Co., Mainstreet, Pallas, Liaison, Synopsis) and seat-projection models unanimously place PQ in first place with a mid-to-high-single-digit lead over the second-place Liberals, implying this specific dimension points toward NO (PQ - yes case: The strongest case for YES rests on the unusually large (~40%) undecided/soft bloc, the tightest final polls showing only a 1-point PQ edge (Forum), explicit multi-party campaigns in the final 48 hours to consolidate anti-referendum voters, and the direct 2014 precedent in which a PQ frontrunner's lead fully reversed once sovereignty dominated the final stretch — meaning a late anti-referendum consolidation around the Liberals (or, less likely, the Conservatives/CAQ) remains a live, evidence-bac - no case: Every available seat-projection model and final-week poll aggregator gives PQ a 90–99%+ probability of finishing first in the certified vote count, which mechanically caps the probability that PQ finishes second at roughly single digits absent an unprecedented polling-to-results miss; this dimension strongly favors NO.
tools
toolstatustimeitemssummary
kalshi_direct OK 0.2s 1 ## This Market's Kalshi Data **Parti Québécois** (KXQUEBEC2ND-26OCT05-2-PQ) - Current price (probability): 16.00% (live; bid 16% / ask 18%) - 7-day price change: -12.00% - 30-day price change: -8.00% - Average daily volume: 1722 contracts - Price range: 2.00% - 28.00% - Data points: 9 days
resolution_source OK 5.1s 1 already_resolved=unclear; matches_criteria=True; last_updated=3 octobre 2026. The page lists historical Quebec general election results (2022, 2018, etc.) and by-election results, including recent by-elections won by Parti Québécois (Chicoutimi, Arthabaska, Terrebonne, Jean-Talon), but does not show
kalshi_related OK 1.0s 1 1 related markets / summaries. series KXQUEBEC2ND: 0 markets (skipped 5 no-signal) | series KXQUEBEC: 0 markets (skipped 1 no-signal) | keyword 'Quebec election': ok
polymarket_related OK 0.5s 10 Polymarket search over 2 keyword(s), kept 10 matches. keyword 'Quebec election': 5 markets | keyword 'Parti Québécois': 5 markets
wikipedia OK 0.3s 2 Fetched 2 Wikipedia entries (1 missing pages).
gdelt_news OK 99.7s 0 GDELT: 0 articles across 2 queries (lookback=3d). 'Quebec election results popular vote': error GDELT rate-limited after retries (429) | 'élection Québec résultats PQ': 0 hits
research loops · 4/4 ok · 16 searches · 3 page reads
dimensionstatustimesearchespage readsreport
current state OK 30s 4 2 4172 chars
base rate SNIPPETS 46s 4 0 4899 chars · no page read; snippets only
yes case SNIPPETS 72s 5 0 4733 chars · no page read; snippets only
no case OK 32s 3 1 5000 chars
report: current state
- [2026-10-05] Election day itself: Quebec's 127 ridings are voting today under the province's fixed election date law; polls close at 8:00 p.m. EDT with preliminary results expected shortly after. https://www.ctvnews.ca/montreal/article/quebec-voters-heading-to-the-polls-for-provincial-general-election/ - [2026-10-05] CTV's pollster Nanos Research reported that polling from recent days has indicated the Parti Québécois is either first or second "basically in every region" of the province , underscoring PQ's lead but leaving the runner-up spot contested. https://www.bnnbloomberg.ca/business/politics/2026/10/05/quebec-voters-heading-to-the-polls-for-provincial-general-election/ - [2026-10-05] "As it stands, the Parti Québécois (PQ) is in the driver's seat as the election threatens to end two straight Coalition Avenir Québec (CAQ) majority governments." https://www.ctvnews.ca/montreal/article/quebec-voters-heading-to-the-polls-for-provincial-general-election/ - [2026-10-03] Final pre-election Leger poll (fielded Sep 30–Oct 1) had the Parti Québécois in the lead with 29% of voting intentions, ahead of the Quebec Liberal Party at 25% and the Conservative Party of Quebec at 20% , placing PLQ 2nd and PCQ 3rd. https://leger360.com/quebec-voting-intentions-a-close-race/ - [2026-10-04] Forum Research's final poll (Oct 3–4) had PQ 26.0% and PLQ 25.0% virtually tied for first/second, with PCQ 21.0%, QS 13.0% and CAQ a distant 13.0%. https://www.poliwave.com/ca/qc/polls - [2026-10-03] Mainstreet Research's final poll had PQ 27.0%, PLQ 22.9%, CAQ 20.3%, PCQ 19.3% — PLQ in 2nd, but CAQ and PCQ within range. https://www.poliwave.com/ca/qc/polls - [2026-10-03] Pallas Data's final poll had PQ 29.0%, PLQ 24.4%, PCQ 20.4%, CAQ only 14.6% — PLQ clearly 2nd in this poll. https://www.poliwave.com/ca/qc/polls - [2026-09-20] A Segma–Radio-Canada–Le Soleil poll placed the Parti québécois (PQ) and the Parti conservateur du Québec (PCQ) tied at 27% in Quebec City region , showing PCQ remains competitive for 2nd regionally even as PLQ leads nationally in other polls. https://ici.radio-canada.ca/nouvelle/2285281/sondage-region-quebec-elections-2026 - [2026-09-16] A Mainstreet Research poll commissioned by the CAQ found a poll placing CAQ ahead of PQ, while PQ arrived at 22.8%, PLQ at 18.2%, PCQ at 14.6% and QS at 5% — an outlier showing CAQ, not PLQ or PCQ, in 2nd. https://www.noovo.info/nouvelles/politique/elections-quebec/article/la-caq-passe-devant-le-pq-dans-un-sondage-mainstreet-obtenu-par-noovo-info/ - [2026-08-27] Lieutenant Governor Manon Jeannotte dropped the writs of election on August 27, 2026, after Premier Christine Fréchette advised her to dissolve the legislature , formally launching the campaign. https://en.wikipedia.org/wiki/2026_Quebec_general_election - [2026-10-05] Official/certified results from Élections Québec are not yet available as voting and counting are only just underway; the resolution source (Élections Québec certified results) will not be final until after election night counting and any official certification process. https://www.ledevoir.com/interactif/2026-10-02/resultats-elections-quebec-2026-vote/index.html - [2022-10-03] For context, in the prior (2022) election PQ finished 4th in votes (14.61%), behind CAQ, PLQ, and QS — illustrating how dramatically PQ's position has shifted heading into 2026. https://en.wikipedia.org/wiki/2022_Quebec_general_election BOTTOM LINE: As of election day (Oct 5, 2026), PQ is the consistent frontrunner in virtually every late poll, but the race for 2nd place in popular vote is unsettled and volatile between PLQ, PCQ, and (in a minority of polls) CAQ — most late-campaign polls (Leger, Pallas, Mainstreet) show PLQ as the most likely 2nd-place finisher, with PCQ a strong contender and CAQ's 2nd-place odds fading; certified Élections Québec results are not yet available as counting is only beginning tonight. NOT FOUND: No certified or even preliminary vote-count results from Élections Québec were available at time of research (results were expected to begin emerging after 8:00 p.m. EDT tonight, Oct 5, 2026); exact seat/vote outcome unknown.
report: base rate
- [2026-10-03] Aggregated Quebec polls (99 polls across 13 pollsters) in the final days before the Oct 5 vote show the Parti Québécois consistently in **first** place, not second: a Writ tracker average has PQ favoured to win the most seats, with the party "projected to be leading in 68" ridings. For now, the PQ remains the heavy favourite to win the most seats and is projected to be leading in 68. (thewrit.ca) - [2026-10-04] A late Forum Research poll put Parti Québécois 26.0%, Parti libéral du Québec 25.0% , while the broader aggregate average showed Parti Québécois 28%, PLQ 24% in the latest Quebec polling average, based on 99 polls, updated Oct 4. (poliwave.com) - [2026-10-03] Léger's final tracking poll, two days before the vote, still had the Parti Québécois remains in the lead with 29% of voting intentions, ahead of the Quebec Liberal Party at 25% and the Conservative Party of Quebec at 20% . (leger360.com) - [2026-10-04] Multiple independent houses in the campaign's final 72 hours (Research Co., Liaison Strategies, Mainstreet, Pallas Data, Leger, Synopsis) all placed PQ first and PLQ second by margins of roughly 4-8 points, per the poliwave.com polling table compiled from these firms (poliwave.com). - [2026-10-05 historical reference] In the 2014 general election — the only recent precedent of a sitting PQ government collapsing in campaign — the incumbent PQ still ended up in outright **second place** in the popular vote (25.38%), behind the Liberals' 41.52%, after entering the campaign with a lead; the incumbent Parti Québécois which had won a minority government in 2012 was defeated by the Quebec Liberal Party under Philippe Couillard who won a majority government of 70 seats. (en.wikipedia.org) - [2026-10-05 historical reference] In 2007, PQ fell to third place for the first time since 1973: the Parti Québécois was relegated to third-party status for the first time since the 1973 election... the PQ with their 28.35% of the votes cast won their lowest share since 1973 . (en.wikipedia.org) - [2026-10-05 historical reference] In 2018, PQ fell further, finishing tied for third in vote share with Québec solidaire, per the Canadian Encyclopedia: the PQ was reduced to third place alongside Québec solidaire who also won 10 seats. (thecanadianencyclopedia.ca) - [2026-10-05 historical reference] In 2022, PQ finished fourth in popular vote behind QS, even though it will remain in the current 2026 race as the frontrunner: The Liberals, despite finishing fourth in the popular vote behind Québec solidaire and the Parti Québécois, remained the official opposition, winning 21 seats. (en.wikipedia.org, 2026 article recapping standings) - [2026-10-05] Reviewing PQ's rank in its last six general elections (2007 3rd, 2008 2nd, 2012 1st, 2014 2nd, 2018 3rd(tied), 2022 4th) gives a rough historical base rate of PQ finishing 2nd in roughly 2 of 6 (~33%) recent elections — but none of those prior elections had PQ polling as the clear frontrunner entering election day, as it does in 2026. - [2026-10-05] Seat/vote projection models built on the final polling (e.g., vote-scope.com) assign PQ a very high probability of finishing first in the popular vote, not second: Median of the 50,000 simulations: Parti Quebecois 66, Quebec Liberals 35 , with a modeled P(largest): 99% for PQ. (vote-scope.com) - [2026-10-04] Mainstream press coverage on election day corroborates the polling consensus, describing a likely PQ-led outcome: The Parti Québécois is poised to bring the party back to power on Oct. 5, setting the table for a third referendum on independence in Quebec. (ctvnews.ca) - [2026-10-05] The Globe and Mail's election-day summary likewise frames PQ as the likely winner rather than runner-up: the Parti Québécois now appears likely to form government – and potentially even a majority – despite a promise of a sovereignty referendum most Quebeckers don't want. (theglobeandmail.com) BOTTOM LINE: The historical base rate for "PQ finishes 2nd" is moderate (~1/3 of recent elections), but that reference class is dominated by elections where PQ was not the frontrunner; in the actual 2026 race, a dense, multi-house final-week polling consensus (Léger, Forum, Research Co., Mainstreet, Pallas, Liaison, Synopsis) and seat-projection models unanimously place PQ in first place with a mid-to-high-single-digit lead over the second-place Liberals, implying this specific dimension points toward NO (PQ likely finishes 1st, not 2nd) absent a historically unusual late collapse comparable to 2014. NOT FOUND: No Kalshi-independent betting-market or prediction-market odds specifically for "PQ finishes 2nd" were found (other than the one excluded per instructions); no official Élections Québec certified results were available since the vote is occurring today (Oct 5, 2026) and counting had not concluded as of the research cutoff.
report: yes case
YES means: Parti Québécois finishes in 2nd place by province-wide popular-vote share (not seats) in the certified Élections Québec results, i.e., some other party (most plausibly Quebec Liberal Party, but possibly CAQ or PCQ) overtakes PQ to finish 1st. - [2026-10-02] A late-campaign analysis found that despite PQ's lead, roughly 40% of Quebec voters told pollsters they were "either undecided or said they could still change their minds," which the piece called a sign the race is "more volatile than the topline numbers suggest" — a bloc large enough to flip the top two spots if it breaks against PQ. https://www.westmountmag.ca/quebec-elections-2026-voters-confront-consequential-electoral-choices/ - [2026-09-28] A Synopsis/La Presse poll found that a majority of decided respondents expect a PQ-triggered referendum to actually happen (19% "very sure," 33% "mostly sure" it would occur), and separately 63% of Quebecers said they don't want a referendum — a direct fear mechanism that could trigger last-minute tactical flight from PQ. https://www.cp24.com/news/canada/2026/09/28/quebec-election-campaign-entering-final-week-as-voters-start-to-cast-early-ballots/ - [2026-10-04] Forum Research's final poll — the single closest major house — put PQ at only 26.0% to PLQ's 25.0%, a 1-point margin within normal polling error, the tightest first/second gap of any late survey reviewed. https://www.poliwave.com/ca/qc/polls - [2026-10-04] CAQ Leader Christine Fréchette explicitly argued in the campaign's final two days that "there are still two days, and for many Quebecers, those are two days for reflection," openly courting the large late-deciding bloc against PQ. https://www.ctvnews.ca/montreal/article/quebec-political-leaders-make-final-pitch-as-election-campaign-nears-end/ - [2026-09-29] Liberal Leader Charles Milliard spent the campaign's closing days warning undecided voters tempted by PQ against entering a "spiral" comparable to Brexit, an explicit attempt to consolidate the anti-referendum vote behind the Liberals as the clear alternative. https://www.ctvnews.ca/montreal/article/quebec-political-leaders-make-final-pitch-as-election-campaign-nears-end/ - [2014-04-07 historical precedent] In the closest structural parallel, PQ Premier Pauline Marois "began the campaign leading in the polls" with a lead that one tracker had at two points, but the campaign became a referendum on sovereignty and the gap "revers[ed]" into "as much as a nine-point lead" for the Liberals by the final weekend — showing a PQ frontrunner position of several points can evaporate entirely within a single campaign once the referendum question dominates. https://www.cbc.ca/news/canada/montreal/quebecvotes2018/quebec-election-2014-pauline-marois-loses-electoral-hail-mary-1.2601935, https://www.dianaswednesday.com/2014/05/quebec-elections-2014/ - [2026-10-04] Even a Research Co. poll showing PQ comfortably ahead (31%) also showed the Liberals in solid second (25%) with the Conservatives close behind at 20%, and "support has dropped markedly for both the governing party and leader Christine Fréchette" — confirming three parties are bunched close enough that a modest additional PQ slippage plus any one rival's late surge could produce a 2nd-place PQ outcome. https://researchco.ca/2026/10/04/quebec-2026-final/amp/ - [2026-09-20] Regionally, PQ's support is not uniform: a Segma poll found PQ and PCQ "both of which are polling at 29 per cent" in the Eastern Townships, with Liberals pushed to third there, illustrating that PQ's province-wide lead is a composite of uneven regional strength that a geographically concentrated late swing (e.g., anglophone/allophone or Quebec City consolidation) could erode disproportionately. https://www.cbc.ca/news/canada/montreal/polls-quebec-election-9.7352162 BOTTOM LINE: The strongest case for YES rests on the unusually large (~40%) undecided/soft bloc, the tightest final polls showing only a 1-point PQ edge (Forum), explicit multi-party campaigns in the final 48 hours to consolidate anti-referendum voters, and the direct 2014 precedent in which a PQ frontrunner's lead fully reversed once sovereignty dominated the final stretch — meaning a late anti-referendum consolidation around the Liberals (or, less likely, the Conservatives/CAQ) remains a live, evidence-backed mechanism for PQ to fall to 2nd, even though it is not the modal outcome in available polling averages. NOT FOUND: No certified or preliminary Élections Québec vote totals were available at research time (counting was only beginning); no poll or model found gave PQ less than a ~1-point lead for 1st place, and no source quantified the probability of a 2014-style late swing occurring in 2026.
report: no case
YES means: the Parti Québécois places second (by province-wide valid-vote share) in the certified Élections Québec results for the October 5, 2026 general election — i.e., PQ does NOT win the most votes, and instead some other listed party (PLQ, CAQ, PCQ, QS) edges them out for first while another party is third or lower. - [2026-10-03] 338Canada's projection, built by combining polls, electoral history and demographics, gave PQ a seat projection of 62 (range 52–73) against PLQ's 39, and assigned PQ odds of winning the most seats of " Odds of winning the most seats >99% PQ <1% Tie <1% LIB " — a near-certainty of first place, not second. https://338canada.com/quebec/ - [2026-10-04] The 127QC riding-by-riding simulation model's final (release 2) projection had PQ " leading 65 ridings of 127... Estimated vote 28.8%+14.2 pts since 2022 ," with PQ winning the most seats in " 93% of simulations " — leaving at most a single-digit chance PQ fails to finish first. - [2026-10-04] Poliwave's aggregator of 99 polls across 13 pollsters likewise modeled PQ as modal seat winner with " Parti Québécois projected to win the most seats ," seat median 63 vs PLQ's 37, implying the "PQ finishes 2nd" scenario requires a seat/vote outcome far outside the simulated distribution. https://www.poliwave.com/ca/qc - [2026-10-04] Even the tightest final poll (Forum Research, Oct 3–4) had PQ still nominally ahead, " Parti Québécois 26.0%. Parti libéral du Québec 25.0% ," a 1-point gap within the margin of error but still showing PQ first, not second, on the raw topline. https://www.poliwave.com/ca/qc/polls - [2026-10-04] Research Co.'s final poll (Oct 2–4) had the widest PQ lead of the final week, " Research Co... 31.0 | 25.0 " (PQ vs PLQ), reinforcing that no late-campaign pollster showed PQ actually trailing into second. - [2026-10-04] Mainstream coverage on the eve of voting reinforced the first-place framing rather than any runner-up narrative: " The Parti Québécois is poised to bring the party back to power on Oct. 5, setting the table for a third referendum on independence in Quebec. " https://www.ctvnews.ca/montreal/article/parti-quebecois-leader-still-top-of-polls-as-election-day-nears/ - [2026-10-05] Élections Québec's own release schedule confirms that only preliminary, not certified, results will exist on election night: " The preliminary results will be updated as they come in after the closing of the polling stations at 8:00 p.m... The first results should be released between 8:30 and 9:00 p.m. " and will not be officially certified for days. https://www.electionsquebec.qc.ca/en/homepage/ - [2026-10-02] Élections Québec's media advisory specifies that official (certified) results require a vote census process the morning after and a four-day window for judicial recount requests before being finalized: " Le soir des élections, les résultats sont préliminaires. Ils seront confirmés lors du recensement des votes, qui a généralement lieu le lendemain matin " — meaning any apparent close finish for 2nd on election night could still be reordered by certification, but the gap between PQ and the rest is currently too large (4-8 points in most final polls) for recounts to flip PQ out of first. https://www.newswire.ca/fr/news-releases/avis-aux-medias-elections-provinciales-de-2026-information-pratique-sur-le-taux-de-participation-le-depouillement-des-votes-et-la-diffusion-des-resultats-830442179.html - [2025-04-28 historical reference] Quebec's own recent electoral history shows polling-implied front-runners rarely lose first place by election day without a late, visible campaign collapse (e.g., CAQ's 2026 slide was visible for months, unlike a sudden overnight reversal), underscoring that PQ's consistent, multi-week, multi-house lead is a far more stable signal than the single 2014 PQ-collapse precedent cited elsewhere. - [2026-10-04] No independent pollster, seat model, or betting aggregator found in this research period shows PQ trailing into second place; every seat-projection tool (338Canada, 127QC, poliwave) assigns PQ a >90% (and often >99%) probability of finishing first, which directly implies a probability on the order of a few percent or less that PQ finishes second rather than first. BOTTOM LINE: Every available seat-projection model and final-week poll aggregator gives PQ a 90–99%+ probability of finishing first in the certified vote count, which mechanically caps the probability that PQ finishes second at roughly single digits absent an unprecedented polling-to-results miss; this dimension strongly favors NO. NOT FOUND: No certified Élections Québec results were available at research time (counting was only beginning the evening of Oct 5, 2026); no polling-aggregator or model gives an explicit numeric probability for "PQ finishes exactly 2nd" (as opposed to "wins the most seats/votes"), so the NO case here is inferred from the complement of PQ's near-certain first-place probability rather than a direct "P(2nd)" figure.
3. Forecasters 5 draws · Opus 5.5 + GPT-6 Astra + GPT-5.6 Sol · plain mean
claude-opus-5-5 · high effort
60% conf
Yes 13%
No 87%
Resolution: Élections Québec's page (updated Oct 3) shows no 2026 results; voting is today and certification follows. Time left: the stated deadline is the 2027-10-05 close, but resolution comes once results are certified, within days to weeks. Status quo: every final-week poll and the 99-poll average (PQ 28, PLQ 24) put PQ first in the popular vote, so PQ finishes 1st and this resolves No. No scenario: PQ wins the vote by its polled 4–6 points, or (very unlikely) falls to 3rd. Yes scenario: the Liberals win the province-wide vote through late anti-referendum consolidation like 2014, a polling miss, or inefficient Montreal vote concentration, while PQ still wins seats; Forum's 26–25 final poll and the large soft-voter bloc make this plausible. The Polymarket 'PQ most seats' price of 97.5% measures seats, not votes, so a seats/votes split remains the residual Yes path. A ~4-point lead against typical Quebec polling error implies roughly 10–15%, and the Kalshi price has dropped 12 points in a week, so I shade slightly below the 16% anchor.
claude-opus-5-5 · high effort
60% conf
Yes 14%
No 86%
(0) Not resolved yet. Élections Québec's results page showed no 2026 tallies as of the snapshot, voting is happening today (Oct 5, 2026), and certification follows the official vote count and the recount window. (a) Preliminary results arrive tonight and certified results within days, well before the Oct 2027 close. (b) Status quo is PQ finishing 1st in the popular vote, which resolves NO. Every final poll had PQ ahead: Leger 29–25, Pallas 29–24.4, Mainstreet 27–22.9, Research Co. 31–25 and Forum 26–25, with the 99-poll average at 28–24. 338Canada and other models give PQ >90–99% to win the most seats, and Polymarket's seats market sits at 97.5% for PQ. (c) NO: PQ holds a roughly 4-point vote lead, or falls to 3rd behind both PLQ and PCQ (unlikely). (d) YES: soft voters (about 40% said they could still change their minds) consolidate behind the Liberals to stop a referendum, as in 2014. Quebec polls have historically underestimated the PLQ, so a 4-point lead with a lead-error spread of about 4–5 points leaves a real chance PLQ wins the popular vote. That could happen even if PQ wins more seats, since PLQ support is concentrated in anglophone and allophone ridings. The Kalshi anchor is 16% and fell 12 points this week. I shade slightly below it to about 14%, given model consensus and the high Polymarket seat odds, which may reflect early information.
gpt-6-astra · high effort
69% conf
Yes 16%
No 84%
Élections Québec’s October 3 snapshot contains no certified 2026 totals, so neither outcome is documented; YES still requires PQ to finish exactly second in province-wide certified valid votes, not seats. Voting is today, October 5, with polls closing at 8 p.m. EDT and certification following counting and recount procedures; the contractual outer deadline is October 5, 2027, at 14:00 UTC, approximately one year away. If current support holds, NO is the modal outcome: Léger’s September 30–October 1 poll puts PQ ahead of PLQ 29%–25%, while the October 4 polling aggregate shows 28%–24%. YES could occur if correlated polling error, differential turnout, or late anti-referendum tactical voting allows PLQ to overtake PQ while other parties remain behind; Forum’s October 3–4 result of 26%–25% makes this a credible scenario. I retain Kalshi’s 16% YES anchor, quoted at 16% bid and 18% ask, because the research establishes both a consistent PQ lead and meaningful reversal risk without identifying a clear unpriced edge. Polymarket’s 97.5% probability of PQ winning the most seats and similarly strong seat-model projections do not cap its probability of finishing second in votes, contrary to the NO report’s inference. I discount the historical base-rate calculation because its vote-versus-seat rankings are internally inconsistent, and give limited weight to the single-source claim that roughly 40% of voters remain persuadable. Official-source publication lag leaves settlement pending, and a very close popular-vote ordering could change during certification or recounts, so preliminary results would not alone establish resolution.
gpt-6-astra · high effort
67% conf
Yes 16%
No 84%
Élections Québec's October 3 snapshot contains no certified 2026 totals, so neither outcome is already established. Voting occurs today, October 5, with polls closing at 8 p.m. EDT and certification afterward; the contractual deadline is October 5, 2027 at 14:00 UTC, roughly one year away. I retain Kalshi's 16% YES anchor (16% bid/18% ask), finding no sufficiently robust unpriced evidence to justify a departure. The status-quo scenario is NO: PQ maintains its province-wide vote lead through counting, consistent with Léger's October 3 figures of 29% versus PLQ's 25% and the October 4 polling average of approximately 28% versus 24%. YES requires exactly one party to overtake PQ in certified valid votes, most plausibly through Liberal turnout strength or anti-referendum consolidation; Forum's October 3–4 poll showing 26% versus 25% makes that a credible polling-error scenario. Polymarket's 97.5% probability of PQ winning the most seats and similarly strong seat projections do not establish its popular-vote rank and cannot mechanically cap this market's YES probability. I downweight the historical base-rate calculation because the report inconsistently describes past vote rankings, while the roughly 40% soft-or-undecided claim lacks independent corroboration. Certification delays should mainly affect settlement timing given the long deadline, but preliminary results are insufficient, and a very narrow vote-ranking margin would retain recount and certification risk.
gpt-5.6-sol · high effort
71% conf
Yes 15%
No 85%
(0) The condition is not already met or impossible: Élections Québec showed no certified 2026 general-election totals as of its October 3 update, so PQ must finish exactly second in the province-wide certified valid-vote count. (a) Voting ends at 8:00 p.m. EDT today, October 5, with preliminary results expected shortly afterward and certification following the next-day census and recount-request period; although trading formally closes October 5, 2027, the substantive outcome should become known within days. (b) If the final polling status quo holds, PQ finishes first rather than second: the aggregate placed it near 28% versus 24% for the Liberals, and every cited final poll still had PQ narrowly or clearly ahead. (c) NO results if PQ retains that lead and wins the popular vote, or falls below second, with the first-place scenario strongly supported by the multi-poll consensus and projection models. (d) YES results if late anti-referendum tactical voting consolidates behind the Liberals enough to erase PQ's lead, a credible possibility given Forum's 26%-25% result and the reportedly large soft-voter bloc. I anchor near Kalshi's 16% YES price and move only slightly lower to 15%, because the broad first-place consensus outweighs the close Forum poll, while the related 97.5% Polymarket price concerns most seats rather than the required popular-vote ranking.
4. Final plain mean of 5 draws
15% (65% confidence)
Yes: 15% No: 85%
Mean of 5 draws (0.13, 0.14, 0.16, 0.16, 0.15). Resolution: Élections Québec's page (updated Oct 3) shows no 2026 results; voting is today and certification follows. Time left: the stated deadline is the 2027-10-05 close, but resolution comes once results are certified, within days to weeks. Status quo: every final-week poll and the 99-poll average (PQ 28, PLQ 24) put PQ first in the popular vote, so PQ finishes 1st and this resolves No. No scenario: PQ wins the vote by its polled 4–6 points, or (very unlikely) falls to 3rd. Yes scenario: the Liberals win the province-wide vote through late anti-referendum consolidation like 2014, a polling miss, or inefficient Montreal vote concentration, while PQ still wins seats; Forum's 26–25 final poll and the large soft-voter bloc make this plausible. The Polymarket 'PQ most seats' price of 97.5% measures seats, not votes, so a seats/votes split remains the residual Yes path. A ~4-point lead against typical Quebec polling error implies roughly 10–15%, and the Kalshi price has dropped 12 points in a week, so I shade slightly below the 16% anchor.
Pipeline Timing
Total pipeline time: 153.9s
Per-tool research timings shown in the Research section above.