The election of a House Speaker requires a majority of votes from members present and voting. In January 2023, Kevin McCarthy's election required a historic 15 ballots over multiple days. The last time a Speaker election went beyond one ballot was in 1923, which took 9 ballots. The longest Speaker election in history occurred in 1855-56, lasting 133 ballots over two months.

This market will resolve based on the number of roll call votes (ballots) required to elect the next permanent Speaker of the House. The count begins with the first ballot and includes all subsequent ballots until a Speaker is elected by receiving a majority of votes cast.