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Will the Democrats win the Oregon governor race in 2026?

6 of 12 top Polymarket traders hold Yes (50%) · Yes at 85¢ · $11K held · ends Nov 4

Yes85¢No15¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Yes

Consensus Traders

12

Yes 50%

Total Value

$10.5K

Combined PnL

$183.33

Smart Money Entry

82.5¢ → 84.5¢

+2% since entry · 6 traders

Research grade

NeutralYes at 85%

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

Yes

6 of 12 top traders (50%)6 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes85%
No16%

Smart Money Breakdown by Outcome

Yes6 traders
Total Value$10.3K
Total Shares12,135
Combined PnL+$196.78
No6 traders
Total Value$283.33
Total Shares1,828
Combined PnL-$13.45
Yes — 50%No — 50%

Signal Intelligence

Momentum

Flat

+4 pts consensus

Breadth

6 traders

Top 2 hold 76%

Freshness

Late

4464h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 76% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (5 on Yes) and the top 1000 (8 on No) disagree here.
whaleYes 67% · 3
Aligned
sharpYes 75% · 4
Aligned
ctrNo 67% · 6
Diverging
Hand-pickedYes 80% · 5
Aligned
Top 1000No 63% · 8
Diverging

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EV Calculator

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

Break-even chance86.0%

84.5¢ price + 1.0¢ spread + 0.5¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$16.28
Max Loss
-$100.00
Shares
116.3

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
0x8d65ff57...ee0b36
Slug
will-the-democrats-win-the-oregon-governor-race-in-2026
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