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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

Yes98¢No2¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Yes

Consensus Traders

11

Yes 55%

Total Value

$19.7K

Combined PnL

$66.11

Smart Money Entry

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

Yes

6 of 11 top traders (55%)5 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes98%
No2%

Smart Money Breakdown by Outcome

Yes6 traders
Total Value$19.6K
Total Shares19,996
Combined PnL+$119.51
No5 traders
Total Value$138.14
Total Shares6,907
Combined PnL-$53.4
Yes — 55%No — 45%

Signal Intelligence

Momentum

Cooling

-3 pts consensus

Breadth

6 traders

Top 2 hold 90%

Freshness

Late

4825h old

Flip Quality

Choppy

20 consensus flips

Breadth vs concentrationCrowded

55% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 90% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleYes 67% · 3
Aligned
sharpYes 86% · 7
Aligned
ctrNo 100% · 5
Diverging
Hand-pickedYes 60% · 5
Aligned
Top 1000Yes 57% · 7
Aligned

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EV Calculator

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

Break-even chance99.1%

98.0¢ price + 1.0¢ spread + 0.0¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.92
Max Loss
-$100.00
Shares
100.9

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
0x086445ea...11966f
Slug
will-the-democrats-win-the-minnesota-governor-race-in-2026
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