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PolyConsensus
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Spread: France (-3.5)

5 of 10 top Polymarket traders hold Italy (50%) · Italy at 99¢ · $2K held · ended Nov 12

France1¢Italy99¢Ended Thu, Nov 12, 2026View on Polymarket
SIGNAL

⚖️

Neutral

Italy

Consensus Traders

10

Italy 50%

Total Value

$2.0K

Combined PnL

$33.74

Smart Money Entry

92.8¢ → 98.6¢

+6% since entry · 5 traders

Research grade

NeutralItaly at 99%

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 %).

  • Side priced over 95¢Full year, out of sample: 0.90–0.95 −0.2 % a trade (n 12,989, 95 % CI −0.6 to +0.3); above 95¢ little is left to win and the tests stop at 0.95.
  • 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.

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

Italy

5 of 10 top traders (50%)5 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

France1%
Italy99%

Smart Money Breakdown by Outcome

Italy5 traders
Total Value$2.0K
Total Shares1,997
Combined PnL+$107.74
France5 traders
Total Value$17.59
Total Shares963
Combined PnL-$73.99
Italy — 50%France — 50%

Signal Intelligence

Momentum

Surging

-7 pts consensus

Breadth

5 traders

Top 2 hold 92%

Freshness

Mature

18h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Italy. Concentration is driven by the top two positions owning 92% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
ctrFrance 100% · 4
Diverging
Top 1000Italy 50% · 10
Aligned

Chat

EV Calculator

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

Break-even chance99.6%

98.6¢ price + 1.0¢ spread + 0.0¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.43
Max Loss
-$100.00
Shares
100.4

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
0x15a45140...233248
Slug
unl-ita-fra-2026-11-12-spread-away-3pt5
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