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Smart money holds the underdog side

Most tracked traders hold Yes, while the market favors No (85%). 4 of 7 traders hold an outcome priced under 50%.

Historically, consensus on sides priced under 40¢ lost money after costs.

Will FISA Section 702 reauthorization become law this year?

4 of 7 top Polymarket traders hold Yes (57%) · Yes at 16¢ · $8K held · ends Jan 1, 2027

Yes16¢No84¢Ends Fri, Jan 1, 2027View on Polymarket
SIGNAL

⚠️

Avoid

Yes

Consensus Traders

7

Yes 57%

Total Value

$8.1K

Combined PnL

$-5.0K

Smart Money Entry

42.4¢ → 15.5¢

-63% since entry · 4 traders

Research grade

AvoidYes at 16%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.

The rules come from our Oct 22 2026 backtest (one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees). Our full-year test without hindsight (Oct 26 2026) found none of them profitable out of sample, and the plain consensus lost −3.0 % a trade. The grade describes the market; it is not a forecast, not an edge and not advice.

Smart Money Signal

Yes

4 of 7 top traders (57%)Underdog side (market favors No 85%)4 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes16%
No85%

Smart Money Breakdown by Outcome

Yes4 traders
Total Value$4.1K
Total Shares26,138
Combined PnL$-6.7K
No3 traders
Total Value$4.1K
Total Shares4,812
Combined PnL+$1.7K
Yes — 57%No — 43%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

4 traders

Top 2 hold 98%

Freshness

Late

4729h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

57% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 98% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (3 on Yes) and the top 1000 (4 on No) disagree here.
whaleYes 100% · 1
Aligned
ctrNo 50% · 6
Diverging
Hand-pickedYes 100% · 3
Aligned
Top 1000No 75% · 4
Diverging

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EV Calculator

Consensus % is how many tracked traders hold a side, not a win probability.

Break-even chance17.2%

15.5¢ price + 1.0¢ spread + 0.7¢ fee (Other / General 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$481.77
Max Loss
-$100.00
Shares
581.8

A market order pays the taker fee and crosses the spread (assumed 1.0¢); a limit order pays no fee but may not fill. The fee category is a guess from the title.

Market Info

Condition ID
0x61212670...6433e5
Slug
will-fisa-section-702-reauthorization-become-law-this-year
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