Quebec General Election Winner
Short Answer
The model assigns meaningfully lower odds than the market for PQ to win the Quebec General Election, with the model at 55.5% versus the market at 71.0% ahead of the 2026-10-05 market close.
1. Market Behavior & Drivers
This contract shows negligible price movement within an extremely narrow and low-probability band. The market opened with a 0.2% probability and has since drifted to 0.1% for the Coalition Avenir Québec (CAQ) winning the most seats. The price has been functionally flat, with the minor decline from 0.2% to 0.1% occurring around August 6, 2026. There are no specific news drivers in the provided context to account for this shift. Given the lack of trading activity, this small price adjustment is not significant.
The defining feature of this market is the complete absence of trading activity. Total volume is zero contracts. This indicates a lack of participant engagement and conviction at the current price levels. The price chart does not reflect any genuine sentiment or traded opinions but rather the nominal bid/ask of an automated market maker. Without any volume, it is impossible to identify meaningful support or resistance levels.
The market's current state suggests it is effectively dormant. The extremely low implied probability (0.1%) indicates a strong initial assumption against a CAQ victory. However, because no capital has been committed to support or challenge this price, the chart offers no insight into active market consensus. It is an illiquid market providing no actionable signal on trader sentiment ahead of the October 2026 election.
- Parti Québécois appears to lead, indicated by August 2026 polling data.
- Coalition Avenir Québec sees support from Premier Fréchette's approval surge.
- CAQ faces voter shifts due to past controversial policies and missteps.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| PCQ | 0.1% | 0.5% | PCQ attracts voters seeking right-leaning policies and lower taxes, but its overall support remains limited. |
| PVQ | 0.1% | 0.5% | PVQ consistently advocates for environmental protection, but its support remains marginal due to limited visibility. |
| CAQ | 15.0% | 27.2% | The incumbent CAQ faces public dissatisfaction over healthcare and cost of living, impacting voter support. |
| PLQ | 12.0% | 15.8% | PLQ holds a base in anglophone and multicultural areas but struggles to expand beyond it. |
| QS | 0.2% | 0.5% | QS holds support among progressive and urban voters but struggles for widespread appeal. |
Current Context
The 2026 Quebec general election is scheduled for October 5, 2026. The official campaign is expected to commence on August 29, 2026 [1][2][3]. As of August 6, 2026, the election has not yet occurred, so no winner has been determined [1][4][5]. The election will decide the composition of the 44th National Assembly of Quebec [1][5][6]. Christine Fréchette, sworn in as Premier on April 15, 2026, following the resignation of former Premier François Legault, is the incumbent [1][5][6].
Current polling indicates the Parti Québécois leads in voter intentions. The PQ is led by Paul St-Pierre Plamondon, followed by the Quebec Liberal Party, led by Charles Milliard [1][4][5]. The governing Coalition Avenir Québec (CAQ), led by Premier Christine Fréchette, trails the top two parties in recent surveys [1][4][5]. Quebec experienced a significant shift toward secularism after the Quiet Revolution of the 1960s [7].
Sources (10)
- 12026 Quebec general electionen.wikipedia.org
- 2Current and upcoming electionselectionsquebec.qc.ca
- 32026 Provincial Election: Four Actions to Take Now – Élections Québecelectionsquebec.qc.ca
- 4Don't be fooled by CAQ's pitch for federalist votes, Milliard warns - Montreal Gazettemontrealgazette.com
- 5Quebec parties gear up as provincial election campaign nearsmontreal.citynews.ca
- 6Quebec's Hot Political Summerpolicymagazine.ca
- 7Trump's religious rhetoric clashes with Canada's secular politicsap.org
- 8Daily Brew: August 1, 2023 - Ballotpediaballotpedia.org
- 9Maine Question 2, Prohibit Foreign Spending in Elections Initiative (2023) - Ballotpediaballotpedia.org
- 10Canada, Maine, and Spain….how one ballot measure ties them together - Ballotpedia Newsnews.ballotpedia.org
2. Price Chart
Historical Price (Probability)
Outcome probability
Date
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📉 August 05, 2026: 9.5pp drop
Price decreased from 22.5% to 13.0%
Outcome: CAQ
What happened: The premise of a 9.5 percentage point drop for the CAQ outcome in the "Quebec General Election Winner" prediction market on August 5, 2026, is not supported by available information. There was no Quebec general election scheduled for August 5, 2026; the next provincial election is expected on October 5, 2026, with the campaign beginning later in August [1][2][3]. Furthermore, the figure of 9.5 percentage points does not correspond to a CAQ polling drop in early August 2026, and may be a conflation with other economic data [4][5]. Given these discrepancies, it is not possible to identify a primary driver for the described market movement, nor to assess the role of social media.
📈 July 28, 2026: 9.5pp spike
Price increased from 15.5% to 25.0%
Outcome: CAQ
What happened: The primary driver of the CAQ's 9.5 percentage point price spike around July 28, 2026, was attributed by analysts to a combination of factors, rather than a single specific event or new polling data [6]. These factors included the party's recent rebranding efforts to feature new leader Christine Fréchette, an active candidate nomination process, and Fréchette's growing media profile [6][7]. There is no indication from the available research of specific social media activity or viral narratives influencing this market movement. Therefore, social media was irrelevant as a primary driver for this price surge.
Sources (7)
- 1Current and upcoming electionselectionsquebec.qc.ca
- 22026 Quebec general electionen.wikipedia.org
- 32026 Provincial Election: Four Actions to Take Now – Élections Québecelectionsquebec.qc.ca
- 4What’s Behind the Sharp Drop in Labor Force Participation? | St. Louis Fedstlouisfed.org
- 5AUSTRALIAN DWELLINGlibrary.westpaciq.com.au
- 6CAQ Climbs to 30% to Win 2026 Quebec Election After 14-Point Surge | Prediction Huntpredictionhunt.com
- 7Coalition Avenir Québec changes name to feature Christine Fréchette | Quebec News | thecanadianpressnews.cathecanadianpressnews.ca
4. Market Data
Contract Snapshot
This market resolves to YES if the named political party wins the greatest number of seats in the Quebec General Election, scheduled for October 5, 2026. A NO resolution occurs if another party wins the most seats, or if the named party loses a tie-breaker based first on valid votes, then on alphabetical abbreviation. If the election doesn't take place by January 31, 2027, the market resolves to "Other," with official results from Élections Québec serving as the definitive source.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| PQ | $0.72 | $0.30 | 71% |
| CAQ | $0.20 | $0.83 | 15% |
| PLQ | $0.12 | $0.89 | 12% |
| QS | $0.00 | $1.00 | 0% |
| PCQ | $0.00 | $1.00 | 0% |
| PVQ | $0.00 | $1.00 | 0% |
| Other | $1.00 | $1.00 | 0% |
| Party A | $1.00 | $1.00 | 0% |
| Party B | $1.00 | $1.00 | 0% |
| Party C | $1.00 | $1.00 | 0% |
| Party D | $1.00 | $1.00 | 0% |
| Party E | $1.00 | $1.00 | 0% |
| Party F | $1.00 | $1.00 | 0% |
| Party G | $1.00 | $1.00 | 0% |
| Party H | $1.00 | $1.00 | 0% |
| Party I | $1.00 | $1.00 | 0% |
| Party J | $1.00 | $1.00 | 0% |
| Party K | $1.00 | $1.00 | 0% |
| Party L | $1.00 | $1.00 | 0% |
| Party M | $1.00 | $1.00 | 0% |
| Party N | $1.00 | $1.00 | 0% |
| Party O | $1.00 | $1.00 | 0% |
| Party P | $1.00 | $1.00 | 0% |
| Party Q | $1.00 | $1.00 | 0% |
| Party R | $1.00 | $1.00 | 0% |
| Party S | $1.00 | $1.00 | 0% |
| Party T | $1.00 | $1.00 | 0% |
| Party U | $1.00 | $1.00 | 0% |
| Party V | $1.00 | $1.00 | 0% |
| Party W | $1.00 | $1.00 | 0% |
| Party X | $1.00 | $1.00 | 0% |
| Party Y | $1.00 | $1.00 | 0% |
| Party Z | $1.00 | $1.00 | 0% |
Market Discussion
Traders overwhelmingly anticipate a victory for the Parti Québécois (PQ) in the upcoming Quebec general election, with a 71% consensus driven by the party's consistent lead in polling, especially among francophone voters. While the incumbent Coalition Avenir Québec (CAQ) has modestly recovered, and the Parti Libéral du Québec (PLQ) shows overall competitiveness, traders express low confidence in the PLQ, explicitly stating it has "almost no chance" due to a lack of broad francophone support. A minor point of discussion exists regarding why the CAQ currently holds better odds than the PLQ in the market despite the latter's competitive overall polling figures.
5. Trust Index
Largest single print on “QS” carried 59% of its 17,045-contract tape (print is 41d old)
Integrity risk· Large trades
How it adds up
Integrity80% of score79Good
Resolution quality is low (60), but Integrity averages all three scores, so the other two pull it up. Only a critically low score would cap the total.
Trade quality20% of score56Caution
Includes the cost to trade: a $10,000 order can't be filled here because the order book is too thin.
Trust score74Good
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
Trust profile
Integrity5 screens run · 4 don't apply · 1 awaiting data
6. How do the economic platforms of the front-running Parti Québécois (PQ) and the incumbent Coalition Avenir Québec (CAQ) compare ahead of the 2026 election?
| PQ Poll Standing | 30-31% (August 2026) [1][2][3] |
|---|---|
| Probability of PQ Winning Most Seats | 73% [4] |
| PQ Currency Transition Timeline | Approximately 10 years [5] |
The Parti Québécois (PQ) and Coalition Avenir Québec (CAQ) offer distinct economic platforms for the October 2026 election. The PQ's platform centers on a renewed economic argument for Quebec sovereignty, contending that the province is financially hindered by federal debt and the equalization system [5]. The PQ proposes a long-term transition, spanning approximately 10 years, to establish an independent Quebec currency and monetary system [5]. In contrast, the incumbent Coalition Avenir Québec (CAQ), now led by Christine Fréchette, emphasizes a strategy of economic interventionism and entrepreneurship [6]. The CAQ's platform focuses on tax incentives, productivity growth, and a transition to a green economy through electrification and renewable energy projects [6].
The Parti Québécois currently leads in polls ahead of the 2026 election. As of August 2026, the political landscape is highly competitive, with the PQ leading in polls at approximately 30-31% [1][2][3]. The Quebec Liberal Party follows at about 25-27%, and the CAQ is at approximately 21-22%, having regained some ground since the change in leadership [1][2][3]. Prediction markets further indicate a high probability, around 73%, that the Parti Québécois will win the most seats in the October 2026 Quebec general election [4].
Sources (6)
- 1Parti Québécois gains ground, reclaiming its lead in...montrealgazette.com
- 2Quebec's Hot Political Summerpolicymagazine.ca
- 3Intentions de vote au Québec: l'effet Fréchette relance la CAQleger360.com
- 4veykos · Terminalveykos.com
- 5Overview Of The Parti Québécois Orientation Conventioncapitalhillgroup.ca
- 6Why did the CAQ experience a decline in popular support?policyoptions.irpp.org
7. What demographic and regional polling data substantiates the Parti Québécois's (PQ) current lead for the 2026 election?
| PQ Poll Lead (August 2026) | 30-31% among decided voters [1][2] |
|---|---|
| PQ Francophone Voter Support | 35-37% [1][3][4] |
| PLQ Non-Francophone Voter Support | Approximately 59% [1][3][4] |
Polling suggests a Quebec election in 2026, though scheduling is uncertain. While some polling data, as of August 2026, indicates a potential Quebec general election on October 5, 2026, and places the Parti Québécois (PQ) in the lead, it is important to note that other reliable sources state no such provincial election is currently scheduled for 2026, with existing election research focusing solely on 2026 U.S. elections [5]. However, the available polling data, which assumes an upcoming Quebec election, provides insights into voter intentions [1][2].
The Parti Québécois leads among francophone voters. Within this polling framework, the PQ's support is largely concentrated among francophone voters, garnering 35-37% [1][3][4]. Conversely, the Quebec Liberal Party (PLQ) shows strong performance among non-francophone voters, with roughly 59% support [1][3][4]. The Coalition Avenir Québec (CAQ), under new leadership Christine Fréchette, is also noted as a significant competitor in what is described as a tightening race. This voter landscape is characterized by high voter fluidity, as only about 47% of decided voters considered their choice final as of June 2026 [1][2][3].
Projections and markets favor a PQ victory. Prediction markets further suggest a high probability for a PQ victory in the hypothetical 2026 election, with platforms like Polymarket indicating a 57-73% chance [2][6][7]. Additionally, seat projections from aggregators like 338Canada anticipate the potential for a slim majority government for the PQ [2][6][7].
Sources (7)
- 1Quebec Voting Intentions: PQ Remains Ahead in June 2026leger360.com
- 2338Canada Quebec | Poll Analysis & Electoral Projections338canada.com
- 3Quebec provincial election now a three-way race: pollctvnews.ca
- 4Quebec Voting Intentions: A Three-Way Race Takes Shapeleger360.com
- 5Oregon elections, 2026 - Ballotpediaballotpedia.org
- 6Will PQ Win the Quebec General Election?lines.com
- 7veykos · Terminalveykos.com
8. What key policy debates or potential missteps could alter voter intentions for the CAQ or PQ before the October 2026 election?
| Election Date | October 5, 2026 [1][2] |
|---|---|
| PQ Voter Intentions | 30% as of mid-June 2026 [2][3] |
| Voter Certainty | Fewer than half of decided voters are final in their choice [4][2] |
The Coalition Avenir Québec (CAQ) faces voter shifts from past controversial policies and missteps. Under leader Christine Fréchette, the CAQ could experience altered voter intentions due to the re-emergence of debates surrounding previous controversial policies, administrative failures, and perceived inconsistencies in spending and project management [5][6][7][8]. These issues, which previously led to deep unpopularity, could again impact voter sentiment ahead of the October 5, 2026, election, despite the party's recent rebound in popularity [5][7][8][1][2].
The Parti Québécois's (PQ) referendum pledge presents a significant challenge to voter appeal. The party faces significant hurdles with its commitment to hold a sovereignty referendum in its first term if elected [9][10][11]. This pledge is challenged by low public support and a strong preference among many voters to avoid such a vote, potentially limiting the party's overall appeal [9][10][11]. As of mid-June 2026, the PQ's voter intentions stood at 30% [2][3]. The election race remains fluid, with fewer than half of decided voters indicating their choice is final [2][4].
Sources (11)
- 1Current and upcoming electionselectionsquebec.qc.ca
- 2Quebec Voting Intentions: PQ Remains Ahead in June 2026leger360.com
- 3Quebec Election Pollspoliwave.com
- 4No English leaders' debate this Quebec electionmontreal.citynews.ca
- 5Québec's Pre-Election Year Drama: Founder's Syndrome...policymagazine.ca
- 6Why did the CAQ experience a decline in popular support?policyoptions.irpp.org
- 7Quebec provincial election now a three-way race: pollctvnews.ca
- 8Quebec Voting Intentions: A Three-Way Race Takes Shapeleger360.com
- 9Parti Québécois gains ground, reclaiming its lead in...montrealgazette.com
- 10Weekly Writ 4/23: Quebec is a horse race - by Éric Grenierthewrit.ca
- 11Inside the Stunning Collapse of the Quebec Liberal Partythewalrus.ca
9. Which polling firms are actively tracking the 2026 Quebec election, and what is their historical accuracy in predicting provincial outcomes?
| Primary Polling Firms | Leger (in collaboration with Quebecor), Liaison Strategies [1][2] |
|---|---|
| Election Projection Model | 338Canada [3] |
| Next Election Date | October 5, 2026 [4][5][6] |
Several firms are actively tracking the 2026 Quebec election landscape. Polling firms currently monitoring the electoral environment include Leger, often in collaboration with Quebecor, and Liaison Strategies [1][2]. Additionally, the 338Canada projection model offers seat projections by aggregating polling data, though it operates as a statistical model rather than a polling firm [3]. The next Quebec provincial general election is scheduled for October 5, 2026, with the formal campaign period anticipated to commence on August 29, 2026 [4][5][6].
Polling firms exhibit varying levels of historical accuracy and methodology. Leger is widely regarded as one of Canada's most accurate polling firms, a reputation it attributes to the quality of its LEO panel and its consistent performance across past federal and provincial elections [7]. The 338Canada model, distinct from a polling firm, functions as a prominent statistical tool that consolidates existing polling data to generate electoral projections and win probabilities [3]. Specific historical accuracy details for Liaison Strategies were not provided in the research findings.
Sources (7)
- 1Quebec Voting Intentions: PQ Remains Ahead in June 2026leger360.com
- 2Quebec: PQ and Liberals Neck-and-Neck; CAQ Gains...press.liaisonstrategies.ca
- 3338Canada Quebec | Poll Analysis & Electoral Projections338canada.com
- 4Current and upcoming electionselectionsquebec.qc.ca
- 52026 Quebec general electionen.wikipedia.org
- 62026 Provincial Election: Four Actions to Take Nowquebec.ca
- 7Leger’s weekly survey presented byleger360.com
10. How do the leadership approval ratings of Paul St-Pierre Plamondon (PQ) and Premier Christine Fréchette (CAQ) compare in the run-up to the official campaign?
| Christine Fréchette Positive Opinion | 50% (June 2026) [1] |
|---|---|
| Paul St-Pierre Plamondon Favorability | 39% favorable, 41% unfavorable (recent polls) [2][3] |
| Parti Québécois Voting Intentions | 30% [4][5] |
Premier Christine Fréchette's approval surged, significantly boosting CAQ's standing. Premier Christine Fréchette currently holds a 50% positive opinion rating as of June 2026, which is a notable increase from her 22% rating in December 2025 [1]. Her appointment in April 2026 initiated a "Fréchette effect," which subsequently boosted CAQ voting intentions by nine points to 22% in May and also improved government satisfaction ratings [6][4][5].
Plamondon faces mixed favorability despite the PQ's lead in intentions. In contrast, Paul St-Pierre Plamondon’s favorability ratings are mixed, with recent polls indicating approximately 39% favorability against 41% unfavorability [2][3]. Despite the CAQ's recent momentum, the Parti Québécois (PQ), led by Paul St-Pierre Plamondon, currently maintains a lead in voting intentions at 30%. The Liberal Party (PLQ) follows closely at 28%, with the CAQ at 22% [4][5]. The next Quebec provincial election is scheduled for October 5, 2026 [5].
Sources (6)
- 1Mark Carney and Christine Fréchette Lead the Packleger360.com
- 2Quebec: PQ and Liberals Neck-and-Neck; CAQ Gains...press.liaisonstrategies.ca
- 3The CAQ is backmainstreetresearch.ca
- 4Quebec Voting Intentions: A Three-Way Race Takes Shapeleger360.com
- 5Quebec provincial election now a three-way race: pollctvnews.ca
- 6Weekly Writ 5/21: Can Fréchette pull off a Carney?thewrit.ca
11. What Could Change the Odds
Key Catalysts
The official schedule for the next Quebec general election is reported as October 5, 2026, consistent with the province's fixed election date law [1][2]. However, other information indicates there is no Quebec provincial general election scheduled for October 5, 2026, and that provincial general elections are not held on that date [3][4]. The election is expected to be formally called on August 29, 2026 [5][6][2].
Prediction markets, including Polymarket and Kalshi, currently show competitive odds for the election [7][8][9]. The Parti Québécois (PQ) is identified as a leading contender [7][8][9]. Paul St-Pierre Plamondon is a prominent figure in prediction market odds for the next Premier of Quebec, alongside current Premier Christine Fréchette, who succeeded François Legault in April 2026 [7][9]. Market sentiment has fluctuated, reflecting risks related to Quebec's first-past-the-post electoral system [7][8][9]. Bullish and bearish sentiment in prediction markets is driven by polling data versus seat-count risks in key regions, particularly the tension between francophone-heavy support for sovereignty and the federalist appeal of the Liberal Party in Montreal ridings [9].
Key Dates & Catalysts
- Closes: October 05, 2026
Sources (9)
- 1Current and upcoming electionselectionsquebec.qc.ca
- 22026 Quebec general electionen.wikipedia.org
- 3Statewide elections calendar - Ballotpediaballotpedia.org
- 4Congressional Primary Dates and Candidate Filing Deadlines for Ballot Accessfec.gov
- 52026 Provincial Election: Four Actions to Take Now – Élections Québecelectionsquebec.qc.ca
- 62026 Provincial Election: Four Actions to Take Nowquebec.ca
- 7Next Premier of Quebec Predictions & Odds 2026polymarket.com
- 8Quebec Electionsstephentaylor.ca
- 9PQ Falls to 58% in Quebec Election Market Despite Leading Polls | Prediction Huntpredictionhunt.com
