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Will the Republicans win the Nevada governor race in 2026?

17 of 33 top Polymarket traders hold No (52%) · No at 78¢ · $107K held · ends Nov 4

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

⚖️

Neutral

No

Consensus Traders

33

No 52%

Total Value

$107.2K

Combined PnL

$-3.5K

Smart Money Entry

68.3¢ → 77.5¢

+13% since entry · 17 traders

Research grade

NeutralNo at 78%

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

17 of 33 top traders (52%)16 hold an outcome priced under 50%6 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes23%
No78%

Smart Money Breakdown by Outcome

No17 traders
Total Value$86.5K
Total Shares110,938
Combined PnL+$11.3K
Yes16 traders
Total Value$20.6K
Total Shares93,855
Combined PnL$-14.8K
No — 52%Yes — 48%

Signal Intelligence

Momentum

Building

-1 pts consensus

Breadth

17 traders

Top 2 hold 55%

Freshness

Late

4874h old

Flip Quality

Choppy

32 consensus flips

Breadth vs concentrationBalanced

52% of non-arb traders are on No. Concentration is driven by the top two positions owning 55% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleNo 64% · 11
Aligned
sharpNo 63% · 8
Aligned
ctrYes 65% · 17
Diverging
Hand-pickedNo 56% · 9
Aligned
Top 1000No 50% · 30
Aligned
CO
Contestable-Parfait
No

Invested

$28,210.9

Value

$31.3K

PnL

+$417.89

Record

38%

20-32 (52)

FL
flawfence
No

Invested

$9,161.75

Value

$15.9K

PnL

+$6.7K

Record

46%

271-319 (590)

mrworldwide
No

Invested

$9,547.2

Value

$11.3K

PnL

+$1.8K

Record

69%

804-359 (1163)

ME
Melody626
No

Invested

$9,847.96

Value

$9.8K

PnL

-$0

Record

58%

705-521 (1226)

AN
AnonymousUsernameCTR
Yes

Invested

$6,221.1

Value

$8.0K

PnL

$-5.4K

Record

72%

6827-2621 (9448)

Ryxon21
No

Invested

$5,797

Value

$6.5K

PnL

+$703.92

Record

71%

318-130 (448)

BiDiFakePolls
No

Invested

$3,978.51

Value

$4.4K

PnL

+$462.73

Record

58%

182-132 (314)

CL
ClickKlackClickCTR
Yes

Invested

$6,908.07

Value

$3.2K

PnL

$-3.7K

Record

99%

174-1 (175)

PU
purplegattoCTR
Yes

Invested

$3,180.46

Value

$2.7K

PnL

-$527.72

Record

50%

5949-6040 (11989)

IC
ic4creamCTR
Yes

Invested

$2,270.55

Value

$2.4K

PnL

+$98.9

Record

59%

2660-1871 (4531)

BR
brte
No

Invested

$1,617.3

Value

$2.3K

PnL

+$735

Record

—

10-6 (16)

CO
cowcatCTR
Yes

Invested

$4,386.27

Value

$1.9K

PnL

$-2.4K

Record

53%

1560-1362 (2922)

FU
Fulgurator
No

Invested

$1,786.4

Value

$1.7K

PnL

-$44.66

Record

92%

61-5 (66)

ImJustKenCTR
Yes

Invested

$3,255.39

Value

$1.2K

PnL

$-2.0K

Record

53%

3036-2716 (5752)

EL
Elias.Thornwell
No

Invested

$1,080.51

Value

$1.1K

PnL

+$29.55

Record

76%

11352-3524 (14876)

mountaindewd
No

Invested

$510

Value

$780

PnL

+$275

Record

54%

344-290 (634)

AB
ABC12345654321CTR
Yes

Invested

$332.52

Value

$342.09

PnL

-$32.94

Record

50%

1658-1652 (3310)

0X
0xa2dCcd83971D56fb4e7cE45C491a968b29a249f9-1771568307503CTR
Yes

Invested

$605.92

Value

$299.64

PnL

-$306.28

Record

70%

31-13 (44)

SL
SlavaUkraini
No

Invested

$194.4

Value

$276.12

PnL

+$65.49

Record

71%

160-66 (226)

GH
ghorrock
No

Invested

$371.44

Value

$265.39

PnL

+$39.52

Record

56%

14224-11030 (25254)

0xa7517ed74c6b07843946e0e69cad10a9fa94e05
No

Invested

$264.74

Value

$259.74

PnL

-$4.99

Record

36%

190-333 (523)

RO
rocky42019
No

Invested

$242.29

Value

$245.38

PnL

+$3.09

Record

42%

1725-2358 (4083)

88
881112CTR
Yes

Invested

$209.12

Value

$211.73

PnL

-$2.2

Record

37%

566-944 (1510)

BI
BikesAreTheBikesCTR
Yes

Invested

$444.02

Value

$168.68

PnL

-$246.04

Record

39%

1780-2832 (4612)

probabilityCTR
Yes

Invested

$209.75

Value

$113.74

PnL

-$96.01

Record

42%

1368-1924 (3292)

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EV Calculator

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

Break-even chance79.2%

77.5¢ 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
+$26.30
Max Loss
-$100.00
Shares
126.3

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
0xb63fbd77...1f95c5
Slug
will-the-republicans-win-the-nevada-governor-race-in-2026
Trade on Polymarket