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Will Steve Scalise be the first House Minority Leader after the 2026 midterms?

8 of 10 top Polymarket traders hold No (80%) · No at 99¢ · $4K held · ended Nov 4

Yes<1¢No>99¢Ended Wed, Nov 4, 2026View on Polymarket
SIGNAL

⚖️

Neutral

No

Consensus Traders

10

No 80%

Total Value

$3.7K

Combined PnL

$47.65

Smart Money Entry

96¢ → 99.5¢

+4% since entry · 8 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

8 of 10 top traders (80%)2 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Yes1%
No99%

Smart Money Breakdown by Outcome

No8 traders
Total Value$3.7K
Total Shares3,743
Combined PnL+$130.94
Yes2 traders
Total Value$18.5
Total Shares3,363
Combined PnL-$83.29
No — 80%Yes — 20%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

8 traders

Top 2 hold 86%

Freshness

Fresh

7h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

80% of non-arb traders are on No. Concentration is driven by the top two positions owning 86% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
sharpNo 100% · 4
Aligned
ctrNo 50% · 2
Aligned
Top 1000No 80% · 10
Aligned

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EV Calculator

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

Break-even chance99.9%

99.5¢ price + 1.0¢ spread + 0.0¢ fee (Other / General 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$0.10
Max Loss
-$100.00
Shares
100.1

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
0x1f90288d...3524c6
Slug
will-steve-scalise-be-the-first-house-minority-leader-after-the-2026-midterms
Trade on Polymarket