One of the founding states of the United Sword Coast States, and a prominent member of the Lords’ Alliance before that. Historical evidence suggests Waterdeep has been a site for metahuman habitation for at least 3000 years. Approximately 6 million people call Waterdeep home, either within the city itself or it’s surrounding urban sprawl.
The Masked Council governs the state of Waterdeep, though they haven’t worn masks beyond ceremonial purposes since 1564 DR. Each district has two seats on the council, with councillors serving 6 year terms. Every 3 years, ten councillors are replaced. In addition, there is a 21st councillor, the Open Councillor, who serves as chairperson, who is voted on by the state as a whole. The Open Councillor is elected every three years.