Pete Hegseth out as Secretary of Defense by December 31?

Polymarket Politics › Trump administration Closes Dec 31 · $11.3K today · $587K traded · $236K at stake · prices read 4 min ago

The odds

28%chance▲ 3

How the odds have moved

Not enough history yet.

Each outcome's chance over time on Polymarket. The dots along the bottom are headlines about its subject: point at one to read it.

Every outcome

Outcome	Chance	Day	Bid	Ask	Pays	Traded
Yes	28%	▲ 3	27¢	28¢	$3.57	$587K

"Pays" is what a $1 stake returns if that outcome happens, at the price shown (before any fees). Bid and ask are the best prices to sell and buy "Yes".

The news: Secretary of Defense, Pete Hegseth

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No recent headlines name this market's subject.

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Odds are traders' prices on Kalshi, Polymarket, ForecastEx and Crypto.com, not forecasts by 4Search. Prices read from the venues 4 min ago. Prices may be delayed. Money traded on Kalshi and ForecastEx is estimated from contracts. Not betting or investment advice.

About this market

VenuePolymarket

Trading closesDec 31, 2026 11:59 PM ET

Traded$587K

Today$11.3K

This week$587K

At stake$236K

In the news16 headlines today, 160 this week

Followed here sinceOct 19, 2026

The rules

This market will resolve to “Yes” if Pete Hegseth ceases to be U.S. Secretary of Defense for any period of time between market creation and the specified date (ET). Otherwise, this market will resolve to “No”. An announcement of Pete Hegseth's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect. The resolution source for this market will be official information from Pete Hegseth and the U.S. government; however, a consensus of credible reporting may also be used.

The full rules are on the market's page at Polymarket.

Reading the odds

A prediction market trades contracts that pay $1 if something happens. Its price is the market's chance: a contract at 62¢ means traders give it 62%. Each number here is the midpoint between the best bid and offer, or the last trade when they are more than ten cents apart.

For a question with many answers (who wins, which range a number lands in), the chances are scaled to add up to 100%. A price ladder ("above 4.25%, above 4.50% ...") gives a whole distribution: its median is where traders see an even chance either way.

Kalshi is a U.S. exchange regulated by the CFTC; its money is counted in contracts, shown here as dollars at their price. Polymarket counts dollars. ForecastEx is Interactive Brokers' exchange, regulated by the CFTC; its contracts too are shown as dollars at their price. Crypto.com lists its markets on Crypto.com | Derivatives North America, a U.S. exchange regulated by the CFTC; it reports the dollars traded. Where more than one asks the same question, each is shown, never averaged.

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Prediction-market prices are what traders pay for each outcome on Kalshi, Polymarket, ForecastEx and Crypto.com, read as the market's implied chance. They are not forecasts by 4Search, can move fast and can be wrong; they are read every few minutes and may be delayed. Money traded on Kalshi and ForecastEx is estimated from contracts at their price. News comes from the 4Search index; prices of stocks, rates and coins from 4Search Finance. Nothing here is betting, financial or investment advice. Terms of use.