Pope Francis passed away on April 21, 2025, initiating the process to elect his successor. According to Vatican protocols, a conclave is expected to begin between 16 and 21 days after the pope's death, suggesting a start date between May 7 and May 12, 2025. This market resolves to 'Yes' if a new pope is elected before May 18, 2025, and 'No' otherwise. Resolution will be based on official Vatican announcements.