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Will the Democrats win the Vermont governor race in 2026?

6 of 15 top Polymarket traders hold No (40%) · No at 77¢ · $16K held · ends Nov 4

Yes23¢No77¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

No

Consensus Traders

15

No 40%

Total Value

$15.6K

Combined PnL

$881.87

Smart Money Entry

73.9¢ → 77¢

+4% since entry · 6 traders

Research grade

NeutralNo at 77%

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

6 of 15 top traders (40%)9 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes23%
No77%

Smart Money Breakdown by Outcome

No6 traders
Total Value$12.7K
Total Shares16,447
Combined PnL+$515.45
Yes9 traders
Total Value$3.0K
Total Shares12,861
Combined PnL+$366.41
No — 40%Yes — 60%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

6 traders

Top 2 hold 85%

Freshness

Late

727h old

Flip Quality

Choppy

8 consensus flips

Breadth vs concentrationCrowded

40% of non-arb traders are on No. Concentration is driven by the top two positions owning 85% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
The hand-picked list (6 on No) and the top 1000 (12 on Yes) disagree here.
whaleYes 71% · 7
Diverging
sharpNo 100% · 2
Aligned
ctrYes 60% · 10
Diverging
Hand-pickedNo 50% · 6
Aligned
Top 1000Yes 58% · 12
Diverging

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EV Calculator

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

Break-even chance78.7%

77.0¢ price + 1.0¢ spread + 0.7¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$27.01
Max Loss
-$100.00
Shares
127.0

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
0x5dacb391...269233
Slug
will-the-democrats-win-the-vermont-governor-race-in-2026
Trade on Polymarket