The nominations are in and there are six candidates in the running to the next leader of the Conservative Party.
The remaining steps of the contest are planned to be:
MPs will vote in multiple rounds. In each round, the candidate with the least votes is eliminated (candidates who were close to losing quite often drop out at this point as well) and the others go through to the next round of voting
If there are more than four nominees, MPs will vote on candidates to whittle them down to the final four in time for Conservative Party conference
The final four candidates will give their pitch at the conference (29th Sep to 2nd Oct)
MPs will continue voting to get down to the final two candidates
The Conservative Party membership will vote on the final two candidates
The new leader will be announced on 2nd November
The first vote among MPs is expected in a few weeks. Who will get the most votes in the first round?
(If two candidates are tied, the market will resolve 50/50)
Related markets:
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/SimonGrayson/conservative-party-leadership-conte-t74g95grt5
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/SimonGrayson/conservative-party-leadership-conte-rnej14zwod
1,000
1.00🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ3,682 | |
| 2 | Ṁ1,813 | |
| 3 | Ṁ1,338 | |
| 4 | Ṁ830 | |
| 5 | Ṁ327 |
The votes are in and Robert Jenrick won the most votes in the first round with 28 to Badenoch's 22 votes.
Robert Jenrick: 28
Kemi Badenoch: 22
James Cleverly: 21
Tom Tugendhat: 17
Mel Stride: 16
Priti Patel: 14
This came as an enormous shock to the market. Robert Jenrick was trading at just 0.7% yesterday morning!
I'm proud to say I thought that was crazily good value and managed to get some shares in him at that price... As well as betting NO on Badenoch when she was trading at 91% yesterday and 90% today!
With Patel's votes up for grabs and both Stride and Tugendhat looking like they're on thin ice, who will top the second vote? And who will be out next?
/SimonGrayson/conservative-party-leadership-conte-7w541i7h36
/SimonGrayson/conservative-party-leadership-conte-iuax32jnea
The first ballot is taking place today. The Guardian reports that we could have results in the next hour: