The collapse of the French government sparked a wave of bets as to who will replace Prime Minister François Bayrou, who was ousted on Monday in a 364-194 vote.

Why It Matters

The government of Bayrou, appointed to the position by French President Emanuel Macron last December, must now resign after fewer than nine months in office. The collapse has fueled uncertainty at a time when France was already facing fiscal challenges, including a growing budget deficit. The new prime minister will be tasked with addressing those fiscal challenges.

What To Know

Betting odds that Minister of the Armed Forces Sébastien Lecornu would become the new prime minister surged following Bayrou's ouster on Monday on Polymarket. The online betting market gave him a 31 percent chance of succeeding Bayrou by 5

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