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Spread: Indiana (-17.5)

3 of 6 top Polymarket traders hold Minnesota (50%) · Minnesota at 88¢ · $2K held · ended Oct 31

Indiana12¢Minnesota88¢Ended Sat, Oct 31, 2026View on Polymarket
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Neutral

Minnesota

Consensus Traders

6

Minnesota 50%

Total Value

$2.3K

Combined PnL

$40.56

Smart Money Entry

49.7¢ → 88¢

+77% since entry · 3 traders

Research grade

NeutralMinnesota at 88%

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.
  • 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

Minnesota

3 of 6 top traders (50%)3 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)

Market Activity
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Outcome Probabilities

Indiana12%
Minnesota88%

Smart Money Breakdown by Outcome

Indiana3 traders
Total Value$1.2K
Total Shares2,067
Combined PnL+$174.27
Minnesota3 traders
Total Value$1.1K
Total Shares2,438
Combined PnL-$133.72
Indiana — 50%Minnesota — 50%

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EV Calculator

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

Break-even chance89.5%

88.0¢ price + 1.0¢ spread + 0.5¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$11.74
Max Loss
-$100.00
Shares
111.7

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
0x793ffd02...813c23
Slug
cfb-minnst-ind-2026-10-31-spread-home-17pt5
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