
Newsom's Democratic nomination odds hit 20% by December 31?
2 of 4 top Polymarket traders hold No (50%) · No at 91¢ · $1K held · ends Jan 1, 2027
⚖️
Neutral
No
4
No 50%
$1.1K
$56.6
85.2¢ → 91¢
+7% since entry · 2 traders
Research grade
NeutralNo at 91%
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.
- Fewer than 5 holdersEvery backtest needed 5+ holders; with fewer 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
2 of 4 top traders (50%)2 hold an outcome priced under 50%3 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() Tenebrus7 | Noavg 85.3¢ | $1.0K | $1.1K | +$67.47 | 0% 0-41 (41) |
XT xtxpleasecallme<$100 | Noavg 77¢ | $26.6 | $22.46 | -$4.14 | 41% 3022-4424 (7446) |
0X 0x9495d622aB74a6O1AD1668D3DD4F7A2E68C3468FCTR<$100 | Yesavg 14¢ | $31.52 | $9.72 | -$5.4 | — 1-10 (11) |
SU SulkingCryptoCTR<$100 | Yesavg 15.3¢ | $12 | $3.46 | -$1.34 | — 1-9 (10) |
Tenebrus7Invested
$1,014.29
Value
$1.1K
PnL
+$67.47
Record
0%
0-41 (41)
Invested
$26.6
Value
$22.46
PnL
-$4.14
Record
41%
3022-4424 (7446)
Invested
$31.52
Value
$9.72
PnL
-$5.4
Record
—
1-10 (11)
Invested
$12
Value
$3.46
PnL
-$1.34
Record
—
1-9 (10)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
91.0¢ price + 1.0¢ spread + 0.3¢ fee (Politics 4%). Win more often than this and the bet pays.
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.