- Will Turkey Move on a New Constitution in 2026?15¢15%
Recent parliamentary rhetoric and preparatory steps have not shifted expectations for concrete constitutional action in 2026. President Erdoğan’s October 1 address renewed calls for a civilian constitution to replace the 1982 charter, and adviser Mehmet Uçum identified that date as the formal start of groundwork focused on principles and consensus. However, ruling-party officials and advisers have framed realistic drafting and adoption for after the 2028 elections in the next parliamentary term, stressing the need for broad cross-party agreement and a required referendum. AK Party preparatory work concluded earlier in the year without advancing to parliamentary votes or public ballots. With the ruling alliance lacking the supermajority for passage and no scheduled votes or referendums imminent before year-end, traders assign an 86% probability to no meaningful movement occurring in 2026.
Rules
This market will resolve to “Yes” if a referendum to adopt a new constitution in Turkey is officially announced by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. A qualifying referendum refers to any nationwide vote in Turkey to adopt a new constitution. Referenda to approve one or more amendments to the Constitution will not qualify. Qualifying announcements must specify a date for the referendum or definitively announce that a referendum will be held. An announcement by the specified date will qualify regardless of when the referendum is scheduled to be held. If a new constitution is officially adopted within the specified timeframe without a referendum (e.g., via the required parliamentary supermajority), this market will immediately resolve this market to “Yes.” The primary resolution source for this market will be official information from the government of Turkey; however, a consensus of credible reporting may also be used.