
Will the Democratic Party candidate win the 2026 Wisconsin gubernatorial election by 12% or more?
5 of 11 top Polymarket traders hold No (45%) · No at 98¢ · $1K held · ended Nov 4
⚖️
Neutral
No
11
No 45%
1 arb excluded
$1.0K
$163.51
82.4¢ → 98.2¢
+19% since entry · 5 traders
Research grade
NeutralNo at 98%
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.
- 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
5 of 11 top traders (45%)1 arbitrage trader dimmed6 hold an outcome priced under 50%8 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Surging
+0 pts consensus
Breadth
5 traders
Top 2 hold 87%
Freshness
Late
62h old
Flip Quality
Clean
0 consensus flips
50% of non-arb traders are on No. Concentration is driven by the top two positions owning 87% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() balthazar | Noavg 70.6¢ | $496.27 | $426.13 | +$84.31 | 53% 29191-26096 (55287) |
0X 0x66E7ce01C6831B8A2503D09eDD6167152Ee68BcD-1771870353938 | Noavg 95.8¢ | $328.2 | $323.47 | -$4.73 | 45% 2784-3336 (6120) |
XT xtxpleasecallmeARB<$100 | Noavg 72.9¢ | $68.57 | $105.16 | +$36.6 | 35% 18059-33813 (51872) |
| └ No leg | Noavg 72.9¢ | $48.33 | $56.15 | +$7.82 | |
| └ Yes leg | Yesavg 6.3¢ | $20.23 | $49.02 | +$28.78 | |
CI cigarettes<$100 | Noavg 94.2¢ | $56.5 | $57.99 | -$2.61 | 53% 22496-19712 (42208) |
AN AnonymousUsernameCTR<$100 | Yesavg 5.1¢ | $16.15 | $48.46 | +$32.3 | 71% 7095-2847 (9942) |
QW qwen300.fund<$100 | Noavg 94.7¢ | $52.55 | $46.59 | -$5.8 | 59% 11786-8040 (19826) |
![]() thanksforplayinCTR<$100 | Yesavg 1.8¢ | $3.02 | $13.34 | +$10.32 | 56% 444-352 (796) |
GO godblessme2026<$100 | Noavg 11.3¢ | $9.61 | $8.47 | +$59.55 | 42% 6979-9779 (16758) |
0X 0xc8b9a30184244d427169cf62485dde6041b2b836CTR<$100 | Yesavg 1.2¢ | $0.5 | $6.43 | +$2.37 | 65% 265-142 (407) |
SH shiifooCTR<$100 | Yesavg 7.8¢ | $28.51 | $6.17 | -$11.84 | 59% 3711-2576 (6287) |
DO donthackmeCTR<$100 | Yes | $4.59 | $4.59 | +$0 | 73% 12849-4764 (17613) |
![]() LucerysCTR | Yesavg 5.9¢ | $164.89 | $0.34 | -$0.37 | 78% 12472-3601 (16073) |
balthazarInvested
$496.27
Value
$426.13
PnL
+$84.31
Record
53%
29191-26096 (55287)
Invested
$328.2
Value
$323.47
PnL
-$4.73
Record
45%
2784-3336 (6120)
Invested
$68.57
Value
$105.16
PnL
+$36.6
Record
35%
18059-33813 (51872)
Both legs:
Invested
$56.5
Value
$57.99
PnL
-$2.61
Record
53%
22496-19712 (42208)
Invested
$16.15
Value
$48.46
PnL
+$32.3
Record
71%
7095-2847 (9942)
Invested
$52.55
Value
$46.59
PnL
-$5.8
Record
59%
11786-8040 (19826)
thanksforplayinCTR<$100Invested
$3.02
Value
$13.34
PnL
+$10.32
Record
56%
444-352 (796)
Invested
$9.61
Value
$8.47
PnL
+$59.55
Record
42%
6979-9779 (16758)
Invested
$0.5
Value
$6.43
PnL
+$2.37
Record
65%
265-142 (407)
Invested
$28.51
Value
$6.17
PnL
-$11.84
Record
59%
3711-2576 (6287)
Invested
$4.59
Value
$4.59
PnL
+$0
Record
73%
12849-4764 (17613)
LucerysCTRInvested
$164.89
Value
$0.34
PnL
-$0.37
Record
78%
12472-3601 (16073)
Chat
EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
98.2¢ price + 1.0¢ spread + 0.0¢ 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.
Market Info
Traders in this Market

balthazar
No — $426.13
0x66E7ce01C6831B8A2503D09eDD6167152Ee68BcD-1771870353938
No — $323.47
xtxpleasecallme
ARBArbitrage — excluded
cigarettes
No — $57.99
AnonymousUsername
CTRYes — $48.46
qwen300.fund
No — $46.59

thanksforplayin
CTRYes — $13.34
godblessme2026
No — $8.47
0xc8b9a30184244d427169cf62485dde6041b2b836
CTRYes — $6.43
shiifoo
CTRYes — $6.17