
Will there be exactly 6 UK parliamentary by-elections in 2026?
4 of 8 top Polymarket traders hold Yes (50%) · Yes at 76¢ · $2K held · ends Jan 1, 2027
⚖️
Neutral
Yes
8
Yes 50%
2 arb excluded
$2.4K
$186.37
62.5¢ → 76¢
+22% since entry · 3 traders
Research grade
NeutralYes at 76%
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.
- 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
4 of 8 top traders (50%)2 arbitrage traders dimmed4 hold an outcome priced under 50%4 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
-7 pts consensus
Breadth
4 traders
Top 2 hold 80%
Freshness
Late
783h old
Flip Quality
Choppy
4 consensus flips
50% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 80% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
![]() IstarothARB<$100 | Yesavg 65.6¢ | $922.11 | $895.7 | -$23.78 | 15% 435-2445 (2880) |
| └ Yes leg | Yesavg 65.6¢ | $587.96 | $622.51 | +$34.53 | |
| └ No leg | Noavg 37¢ | $330.97 | $273.18 | -$58.31 | |
![]() clazzy1 | Yesavg 62.7¢ | $514.46 | $569.94 | +$88.29 | 64% 479-265 (744) |
XT xtxpleasecallmeCTR | Noavg 38.5¢ | $784.8 | $357.35 | +$5.15 | 35% 17632-33001 (50633) |
![]() cambridgeisaac | Yesavg 62¢ | $230.6 | $258.5 | +$42.77 | 57% 1119-850 (1969) |
![]() musicenthusiast | Yes | $199.56 | $199.56 | +$50.26 | 59% 413-291 (704) |
WA WarriorHARB<$100 | Yesavg 71.6¢ | $159.6 | $105.17 | -$0.44 | 17% 1079-5368 (6447) |
| └ Yes leg | Yesavg 71.6¢ | $64.18 | $62.28 | -$13.58 | |
| └ No leg | Noavg 29.2¢ | $41 | $42.89 | +$13.14 | |
0X 0x43cb4Ae1f4dDC9E671486C79c9F40A6fd98B84Df-1761656284271<$100 | Yesavg 59¢ | $11.8 | $13.9 | +$3 | 27% 6761-18637 (25398) |
SM smallreceiptCTR<$100 | Noavg 51.1¢ | $23.52 | $9.15 | -$6.19 | 48% 8595-9145 (17740) |
QU quietparcelCTR<$100 | Noavg 19.2¢ | $5 | $7.93 | +$2.93 | 50% 9541-9557 (19098) |
LP lpgbCTR<$100 | Noavg 26¢ | $0.9 | $1.05 | +$0.16 | 25% 327-975 (1302) |
IstarothARB<$100Invested
$922.11
Value
$895.7
PnL
-$23.78
Record
15%
435-2445 (2880)
Both legs:
clazzy1Invested
$514.46
Value
$569.94
PnL
+$88.29
Record
64%
479-265 (744)
Invested
$784.8
Value
$357.35
PnL
+$5.15
Record
35%
17632-33001 (50633)
cambridgeisaacInvested
$230.6
Value
$258.5
PnL
+$42.77
Record
57%
1119-850 (1969)
musicenthusiastInvested
$199.56
Value
$199.56
PnL
+$50.26
Record
59%
413-291 (704)
Invested
$159.6
Value
$105.17
PnL
-$0.44
Record
17%
1079-5368 (6447)
Both legs:
Invested
$11.8
Value
$13.9
PnL
+$3
Record
27%
6761-18637 (25398)
Invested
$23.52
Value
$9.15
PnL
-$6.19
Record
48%
8595-9145 (17740)
Invested
$5
Value
$7.93
PnL
+$2.93
Record
50%
9541-9557 (19098)
Invested
$0.9
Value
$1.05
PnL
+$0.16
Record
25%
327-975 (1302)
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
76.0¢ price + 1.0¢ spread + 0.7¢ 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

Istaroth
ARBArbitrage — excluded

clazzy1
Yes — $569.94
xtxpleasecallme
CTRNo — $357.35

cambridgeisaac
Yes — $258.5

musicenthusiast
Yes — $199.56
WarriorH
ARBArbitrage — excluded
0x43cb4Ae1f4dDC9E671486C79c9F40A6fd98B84Df-1761656284271
Yes — $13.9
smallreceipt
CTRNo — $9.15
quietparcel
CTRNo — $7.93
lpgb
CTRNo — $1.05