Palace Sentinels

• WWizards of the Coast2016-08-23
  Official Ruling
  The game starts with no monarch. Once an effect makes one player the monarch, the game will have exactly one monarch from that point forward.
• WWizards of the Coast2016-08-23
  Official Ruling
  Being the monarch carries two inherent triggered abilities. "At the beginning of the monarch's end step, that player draws a card" and "Whenever a creature deals combat damage to the monarch, its controller becomes the monarch."
• WWizards of the Coast2016-08-23
  Official Ruling
  If the triggered ability that causes the monarch to draw a card goes on the stack, and a different player becomes the monarch before that ability resolves, the first player will still draw the card.
• WWizards of the Coast2016-08-23
  Official Ruling
  Abilities that trigger whenever you "become the monarch" trigger only if you aren't already the monarch. For example, if you are already the monarch as Custodi Lich enters the battlefield, its last ability won't trigger.
• WWizards of the Coast2020-11-10
  Official Ruling
  If combat damage dealt to the monarch causes that player to lose the game, the triggered ability that causes the controller of the attacking creature to become the monarch doesn't resolve. In most cases, the controller of the attacking creature will still become the monarch as it is likely their turn.
• WWizards of the Coast2020-11-10
  Official Ruling
  There are two inherent triggered abilities associated with being the monarch. These triggered abilities have no source and are controlled by the player who was the monarch at the time the abilities triggered. The full texts of these abilities are "At the beginning of the monarch's end step, that player draws a card" and "Whenever a creature deals combat damage to the monarch, its controller becomes the monarch."
• WWizards of the Coast2020-11-10
  Official Ruling
  If the triggered ability that causes the monarch to draw a card goes on the stack and a different player becomes the monarch before that ability resolves, the first player will still draw the card.
• WWizards of the Coast2020-11-10
  Official Ruling
  If the monarch leaves the game during another player's turn, that player becomes the monarch. If the monarch leaves the game during their turn, the next player in turn order becomes the monarch.
• WWizards of the Coast2020-11-10
  Official Ruling
  The game starts with no monarch. Once an effect makes one player the monarch, the game will have exactly one monarch from that point forward. As a player becomes the monarch, the current monarch (if any) ceases being the monarch.

Rulings via Scryfall