There is a severe logical fallacy in the market pricing. Minor parties (Greens, ACT, NZ First, Te Pāti Māori) not only lag far behind the two major parties in polls, but under New Zealand's MMP system and political history, they have virtually zero chance of winning the 'most seats' in parliament. However, the market assigns them a roughly 26% probability each. This massive divergence is likely due to low liquidity or irrational baseline pricing.