As a result of the first round of the Romanian presidential election on May 4, two candidates who receive the highest number of votes will advance to the second round.

The market for each candidate will resolve as "Yes" if that candidate is confirmed by the Permanent Electoral Authority of Romania as a participant in the second round of the presidential election on May 4, 2025,23:59 UTC. Otherwise, the market will resolve as "No."

The primary source for market resolution is the official website of the Permanent Electoral Authority of Romania (Autoritatea Electorală Permanentă) at www.roaep.ro/. Additionally, reports from global and Romanian news agencies and major media outlets may be used.