
Will the Democrats win the Minnesota governor race in 2026?
6 of 11 top Polymarket traders hold Yes (55%) · Yes at 98¢ · $20K held · ends Nov 4
⚖️
Neutral
Yes
11
Yes 55%
$19.7K
$66.11
97.4¢ → 98¢
+1% since entry · 6 traders
Research grade
NeutralYes at 98%
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 %).
- Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
- Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
- Quality net +3 or moreNot confirmed. Oct 22 backtest: net +3 when the consensus formed made +7.2 % a trade (n 358), with 5 events giving two thirds of it. Full year, out of sample, the closest rule (3+ proven winners, two thirds on the side) lost −1.9 % a trade (n 49,161, 95 % CI −2.6 to −1.1).
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
6 of 11 top traders (55%)5 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Cooling
-3 pts consensus
Breadth
6 traders
Top 2 hold 90%
Freshness
Late
4825h old
Flip Quality
Choppy
20 consensus flips
55% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 90% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() elmcap2 | Yesavg 97.7¢ | $14.5K | $14.3K | +$54.99 | 89% 1665-205 (1870) |
VI Vilgefortz | Yesavg 97.5¢ | $3.3K | $3.3K | +$15.42 | 71% 196-82 (278) |
IN insidero | Yesavg 98.2¢ | $1.2K | $1.2K | -$2.4 | 76% 291-93 (384) |
![]() AngryRhino | Yesavg 94¢ | $328.08 | $342.04 | +$13.96 | 69% 133-59 (192) |
HO HotDogs | Yesavg 78.9¢ | $217.56 | $255.1 | +$37.54 | 94% 442-28 (470) |
EL Elias.Thornwell | Yesavg 98¢ | $245 | $245 | +$0 | 76% 11352-3524 (14876) |
0X 0x7e1f9c90800E42806e242ABC5fcf26B571c79C27-1775842903107CTR | Noavg 2.8¢ | $167.87 | $121.96 | -$42.59 | 50% 2582-2633 (5215) |
AB ABC12345654321CTR<$100 | Noavg 2.3¢ | $12.05 | $10.18 | -$0.84 | 50% 1658-1652 (3310) |
![]() probabilityCTR<$100 | Noavg 4¢ | $10.94 | $5.49 | -$5.58 | 42% 1368-1924 (3292) |
WO wokerjoesleeperCTR<$100 | Noavg 22.3¢ | $4.67 | $0.42 | -$4.25 | 33% 6263-12990 (19253) |
HO HourglassCTR<$100 | Noavg 5¢ | $0.23 | $0.09 | -$0.14 | 77% 8889-2658 (11547) |
elmcap2Invested
$14,537.01
Value
$14.3K
PnL
+$54.99
Record
89%
1665-205 (1870)
Invested
$3,314.91
Value
$3.3K
PnL
+$15.42
Record
71%
196-82 (278)
Invested
$1,178.4
Value
$1.2K
PnL
-$2.4
Record
76%
291-93 (384)
AngryRhinoInvested
$328.08
Value
$342.04
PnL
+$13.96
Record
69%
133-59 (192)
Invested
$217.56
Value
$255.1
PnL
+$37.54
Record
94%
442-28 (470)
Invested
$245
Value
$245
PnL
+$0
Record
76%
11352-3524 (14876)
Invested
$167.87
Value
$121.96
PnL
-$42.59
Record
50%
2582-2633 (5215)
Invested
$12.05
Value
$10.18
PnL
-$0.84
Record
50%
1658-1652 (3310)
probabilityCTR<$100Invested
$10.94
Value
$5.49
PnL
-$5.58
Record
42%
1368-1924 (3292)
Invested
$4.67
Value
$0.42
PnL
-$4.25
Record
33%
6263-12990 (19253)
Invested
$0.23
Value
$0.09
PnL
-$0.14
Record
77%
8889-2658 (11547)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
98.0¢ price + 1.0¢ spread + 0.0¢ fee (Politics 4%). Win more often than this and the bet pays.
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
Traders in this Market

elmcap2
Yes — $14.3K
Vilgefortz
Yes — $3.3K
insidero
Yes — $1.2K

AngryRhino
Yes — $342.04
HotDogs
Yes — $255.1
Elias.Thornwell
Yes — $245
0x7e1f9c90800E42806e242ABC5fcf26B571c79C27-1775842903107
CTRNo — $121.96
ABC12345654321
CTRNo — $10.18

probability
CTRNo — $5.49
wokerjoesleeper
CTRNo — $0.42