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Spread: North Dakota State (-8.5)

4 of 10 top Polymarket traders hold Hawai'i (40%) · Hawai'i at 56¢ · $2K held · ended Nov 15

North Dakota State44¢Hawai'i56¢Ended Sun, Nov 15, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Hawai'i

Consensus Traders

10

Hawai'i 40%

1 arb excluded

Total Value

$1.8K

Combined PnL

$56.62

Smart Money Entry

51.4¢ → 56.5¢

+10% since entry · 4 traders

Research grade

NeutralHawai'i at 56%

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

Hawai'i

4 of 10 top traders (40%)1 arbitrage trader dimmed6 hold an outcome priced under 50%5 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

North Dakota State44%
Hawai'i56%

Smart Money Breakdown by Outcome

Hawai'i4 traders
Total Value$1.0K
Total Shares1,903
Combined PnL+$53.42
North Dakota State6 traders
Total Value$546.58
Total Shares1,194
Combined PnL+$3.2
Hawai'i — 40%North Dakota State — 60%

Signal Intelligence

Momentum

Cooling

-42 pts consensus

Breadth

3 traders

Top 2 hold 96%

Freshness

Fresh

2h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationCrowded

33% of non-arb traders are on Hawai'i. Concentration is driven by the top two positions owning 96% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleNorth Dakota State 100% · 1
Diverging
ctrNorth Dakota State 83% · 6
Diverging
Top 1000North Dakota State 67% · 9
Diverging

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EV Calculator

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

Break-even chance58.7%

56.5¢ 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
+$70.29
Max Loss
-$100.00
Shares
170.3

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
0x0116f719...09d080
Slug
cfb-ndkst-hawaii-2026-11-14-spread-away-8pt5
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