Former Israeli premiers form new party to challenge Netanyahu in 2026 elections

Former Israeli Prime Ministers Naftali Bennett and Yair Lapid have announced a new party, Yachad, to challenge Benjamin Netanyahu in the 2026 elections. The market for Netanyahu’s departure by June 30 sits at 5.5% YES.

Yachad creates a unified opposition bloc aimed at exploiting coalition weaknesses and public discontent with Netanyahu’s government. The June 30 departure odds sit at 5.5% YES, unchanged from 24 hours ago but down from 6% a week ago. The April 30 market remains negligible at 0.2% YES, meaning traders see almost no chance of immediate change.

Volume in these markets shows moderate interest, with $1,423 in USDC traded daily for the June 30 contract. Order book depth requires $9,495 to move the price by 5 percentage points, a thicker market than many Polymarket contracts but still vulnerable to large single trades. The biggest price movement in the past 24 hours was a 1-point drop, consistent with a stable outlook on Netanyahu’s near-term tenure.

Bennett and Lapid together pose a real problem for Netanyahu, whose coalition depends on far-right partners. The opposition’s ability to form a viable government without Arab parties makes their pitch easier to sell to the broader Israeli electorate. A YES share at 5.5¢ pays $1 if Netanyahu is out by June 30, an 18x return. That bet only makes sense if you believe a coalition breakdown or major scandal is imminent.

## What to watch

Polling trends over the coming months and any shifts in coalition dynamics matter most here, particularly announcements from coalition partners or security incidents that could move public opinion. Whether Yachad can attract defectors from Netanyahu’s base will determine if these odds start climbing.

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