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PolyConsensus
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Spread: Oregon (-10.5)

2 of 11 top Polymarket traders hold Michigan (18%) · Michigan at 54¢ · $9K held · ends Nov 14

Oregon47¢Michigan53¢Ends Sat, Nov 14, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Michigan

Consensus Traders

11

Michigan 18%

Total Value

$9.5K

Combined PnL

$124.47

Smart Money Entry

52.8¢ → 53.5¢

+1% since entry · 2 traders

Research grade

NeutralMichigan at 54%

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 %).

  • Spread or totalOct 22 backtest: spreads and totals −14.5 % a trade in spring (95 % CI −27 to −1), +1.5 % in October: no edge.
  • Consensus under 60 %Every backtest started at 60 %+ of the holders; below that nothing was measured.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

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

Michigan

2 of 11 top traders (18%)9 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Oregon47%
Michigan54%

Smart Money Breakdown by Outcome

Michigan2 traders
Total Value$5.0K
Total Shares9,444
Combined PnL+$38.89
Oregon9 traders
Total Value$4.5K
Total Shares9,305
Combined PnL+$85.58
Michigan — 18%Oregon — 82%

Signal Intelligence

Momentum

Flat

-3 pts consensus

Breadth

1 traders

Top 2 hold 100%

Freshness

Fresh

3h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

14% of non-arb traders are on Michigan. Concentration is driven by the top two positions owning 100% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrOregon 75% · 4
Diverging
Top 1000Oregon 86% · 7
Diverging

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EV Calculator

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

Break-even chance55.7%

53.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$79.40
Max Loss
-$100.00
Shares
179.4

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
0x7e6479e1...b4ea0b
Slug
cfb-mich-ore-2026-11-14-spread-home-10pt5
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