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Will the Democratic Party win the NJ-02 House seat?

3 of 6 top Polymarket traders hold No (50%) · No at 69¢ · $8K held · ends Nov 4

Yes32¢No68¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

No

Consensus Traders

6

No 50%

Total Value

$7.7K

Combined PnL

-$31.91

Smart Money Entry

70.5¢ → 68.5¢

-3% since entry · 3 traders

Research grade

NeutralNo at 69%

No measured edge, which here means a loss: the plain consensus (5+ holders, 60 %+, held to resolution) lost −3.0 % a trade after costs out of sample in the full-year test (n 86,296, 95 % CI −3.6 to −2.4 %).

  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Favourite (60–95¢)Full year, out of sample: 0.70–0.90 lost −0.9 % a trade (n 26,050, 95 % CI −1.5 to −0.3): the least bad band, still a loss. The Oct 22 backtest's +0.4 % (n 4,327) was not confirmed.

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

No

3 of 6 top traders (50%)3 hold an outcome priced under 50%1 small position dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes32%
No69%

Smart Money Breakdown by Outcome

No3 traders
Total Value$6.6K
Total Shares9,603
Combined PnL-$140.31
Yes3 traders
Total Value$1.1K
Total Shares3,524
Combined PnL+$108.39
No — 50%Yes — 50%

Signal Intelligence

Momentum

Fading

-7 pts consensus

Breadth

3 traders

Top 2 hold 96%

Freshness

Late

709h old

Flip Quality

Choppy

8 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on No. Concentration is driven by the top two positions owning 96% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (1 on Yes) and the top 1000 (5 on No) disagree here.
whaleNo 100% · 2
Aligned
sharpNo 100% · 1
Aligned
ctrYes 50% · 2
Diverging
Hand-pickedYes 100% · 1
Diverging
Top 1000No 60% · 5
Aligned

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EV Calculator

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

Break-even chance70.3%

68.5¢ price + 1.0¢ spread + 0.8¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$42.15
Max Loss
-$100.00
Shares
142.2

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
0xda6443c4...127b58
Slug
will-the-democratic-party-win-the-nj-02-house-seat
Trade on Polymarket