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Will Iowa be the closest Senate race in 2026?

11 of 12 top Polymarket traders hold No (92%) · No at 99¢ · $2K held · ended Nov 4

Yes1¢No99¢Ended Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

No

Consensus Traders

12

No 92%

Total Value

$1.6K

Combined PnL

-$65.02

Smart Money Entry

81.5¢ → 98.7¢

+21% since entry · 11 traders

Research grade

NeutralNo 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.

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

No

11 of 12 top traders (92%)1 holds an outcome priced under 50%9 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes1%
No99%

Smart Money Breakdown by Outcome

No11 traders
Total Value$1.6K
Total Shares1,644
Combined PnL-$57.99
Yes1 trader
Total Value$1.95
Total Shares39
Combined PnL-$7.03
No — 92%Yes — 8%

Signal Intelligence

Momentum

Surging

+64 pts consensus

Breadth

8 traders

Top 2 hold 75%

Freshness

Mature

32h old

Flip Quality

Watch

1 consensus flip

Breadth vs concentrationCrowded

89% of non-arb traders are on No. Concentration is driven by the top two positions owning 75% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleNo 100% · 4
Aligned
ctrNo 75% · 4
Aligned
Hand-pickedNo 100% · 3
Aligned
Top 1000No 88% · 8
Aligned

Chat

EV Calculator

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

Break-even chance99.7%

98.7¢ price + 1.0¢ spread + 0.0¢ fee (Politics 4%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.34
Max Loss
-$100.00
Shares
100.3

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
0x474eb13e...ebb754
Slug
will-iowa-be-the-closest-senate-race-in-2026
Trade on Polymarket