The market has delivered a brutal verdict on Yoav Gallant's political future, with his odds of becoming Israel's next Prime Minister collapsing from 77¢ to just 7¢ — a devastating 70-cent plunge. This represents one of the most dramatic political repricing on record. The former defense minister, who was fired by Netanyahu in November 2024 amid disagreements over the Gaza war and military conscription policies, recently announced he won't run in upcoming elections and is "taking a break" from politics. The timing couldn't be worse for his backers: with Gallant resigning from the Knesset in January 2025 and Likud moving to expel him from party ranks, traders are pricing in his effective exit from Israeli politics. The 70-point collapse suggests the market believes Gallant's window for a political comeback has permanently closed.