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Will the Republicans win the Arizona governor race in 2026?

14 of 18 top Polymarket traders hold No (78%) · No at 92¢ · $61K held · ends Nov 4

Yes9¢No91¢Ends Wed, Nov 4, 2026View on Polymarket
SIGNAL

🔬

Research candidate

No

Consensus Traders

18

No 78%

Total Value

$61.0K

Combined PnL

$1.8K

Smart Money Entry

89.5¢ → 91.5¢

+2% since entry · 14 traders

Research grade

Research candidateNo at 92%

Matches a rule that looked positive after costs in the short windows of our Oct 22 2026 backtest. The full-year test without hindsight (Oct 26 2026) found no evidence for any of these rules: out of sample they lost money or were noise. A label for a pattern that once looked good, not an edge and not a recommendation.

  • 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).
  • 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

14 of 18 top traders (78%)4 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes9%
No92%

Smart Money Breakdown by Outcome

No14 traders
Total Value$59.4K
Total Shares65,182
Combined PnL+$2.0K
Yes4 traders
Total Value$1.6K
Total Shares22,481
Combined PnL-$221.88
No — 78%Yes — 22%

Signal Intelligence

Momentum

Flat

+4 pts consensus

Breadth

14 traders

Top 2 hold 58%

Freshness

Late

4825h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationBalanced

78% of non-arb traders are on No. Concentration is driven by the top two positions owning 58% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleNo 100% · 5
Aligned
sharpNo 100% · 9
Aligned
ctrYes 80% · 5
Diverging
Hand-pickedNo 100% · 6
Aligned
Top 1000No 73% · 15
Aligned

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EV Calculator

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

Break-even chance92.8%

91.5¢ price + 1.0¢ spread + 0.3¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$7.78
Max Loss
-$100.00
Shares
107.8

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
0x8ccbfc87...8f8e69
Slug
will-the-republican-win-the-arizona-governor-race-in-2026
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