Juan Carlos I abdicated the Spanish throne in June 2014 in favor of his son, King Felipe VI, after a nearly 39-year reign. In August 2020, facing multiple investigations into alleged financial wrongdoing, Juan Carlos left Spain. He is currently living in self-imposed exile in the capital of the United Arab Emirates, where he has established wealth management structures, indicating plans for long-term residence. However, Juan Carlos has made multiple short visits to Spain, and his December 2025 memoir could be interpreted as an attempt to pave the way for a permanent return to Spain.

This market resolves YES if Juan Carlos I dies while in the United Arab Emirates. Resolves NO otherwise.