Smart money holds the underdog side
Most tracked traders hold Yes, while the market favors No (100%). 8 of 9 traders hold an outcome priced under 50%.
Historically, consensus on sides priced under 40¢ lost money after costs.

Will Vox win the most seats in the 2026 Spanish general election?
8 of 9 top Polymarket traders hold Yes (89%) · Yes at 0.4¢ · $150 held · ends Nov 30
⚠️
Avoid
Yes
9
Yes 89%
$149.97
-$244.51
3¢ → 0.4¢
-88% since entry · 8 traders
Research grade
AvoidYes at 0%
Matches a pattern that lost clearly more than the plain consensus in our tests.
- Consensus side under 30¢Full year, out of sample: 0.05–0.30 lost −8.1 % a trade (n 11,568), under 0.20 −20.5 % (n 3,615). Oct 22 backtest: −29.5 % (n 1,625). The strongest effect in every test.
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
8 of 9 top traders (89%)Underdog side (market favors No 100%)8 hold an outcome priced under 50%7 small positions dimmed (<$100 invested)
Outcome Probabilities
Smart Money Breakdown by Outcome
Signal Intelligence
Momentum
Flat
+0 pts consensus
Breadth
8 traders
Top 2 hold 72%
Freshness
Late
407h old
Flip Quality
Clean
0 consensus flips
89% of non-arb traders are on Yes. Concentration is driven by the top two positions owning 72% of that side's value.
| Trader | Position | Invested | Value | PnL | Record |
|---|---|---|---|---|---|
0X 0x66E7ce01C6831B8A2503D09eDD6167152Ee68BcD-1771870353938 | Noavg 99.7¢ | $117.65 | $117.59 | -$0.05 | — 3-5 (8) |
0X 0x3653235d75A0d5969C42f7514d4Df8eA5F8CEF74-1778811817579CTR | Yesavg 3¢ | $128.39 | $14.83 | -$113.56 | 44% 46-59 (105) |
![]() balthazarCTR<$100 | Yesavg 3¢ | $74.54 | $8.61 | -$65.93 | 56% 47-37 (84) |
DO donthackmeCTR<$100 | Yesavg 3¢ | $42.61 | $4.92 | -$37.69 | — 4-3 (7) |
12 123987456CTR<$100 | Yesavg 3¢ | $21.68 | $2.59 | -$19.09 | — 8-2 (10) |
![]() UbuntuTradingCTR<$100 | Yesavg 3¢ | $7.32 | $0.85 | -$6.47 | — 0-2 (2) |
JO JordanMooneyCTR<$100 | Yesavg 0.7¢ | $0.63 | $0.36 | -$0.27 | — 2-0 (2) |
0X 0x43cb4Ae1f4dDC9E671486C79c9F40A6fd98B84Df-1761656284271CTR<$100 | Yesavg 2.4¢ | $1.03 | $0.15 | -$0.87 | 54% 19-16 (35) |
![]() broskyeCTR<$100 | Yesavg 3¢ | $0.64 | $0.07 | -$0.56 | — |
Invested
$117.65
Value
$117.59
PnL
-$0.05
Record
—
3-5 (8)
Invested
$128.39
Value
$14.83
PnL
-$113.56
Record
44%
46-59 (105)
balthazarCTR<$100Invested
$74.54
Value
$8.61
PnL
-$65.93
Record
56%
47-37 (84)
Invested
$42.61
Value
$4.92
PnL
-$37.69
Record
—
4-3 (7)
Invested
$21.68
Value
$2.59
PnL
-$19.09
Record
—
8-2 (10)
UbuntuTradingCTR<$100Invested
$7.32
Value
$0.85
PnL
-$6.47
Record
—
0-2 (2)
Invested
$0.63
Value
$0.36
PnL
-$0.27
Record
—
2-0 (2)
Invested
$1.03
Value
$0.15
PnL
-$0.87
Record
54%
19-16 (35)
broskyeCTR<$100Invested
$0.64
Value
$0.07
PnL
-$0.56
Record
—
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EV Calculator
Consensus % is how many tracked traders hold a side, not a win probability.
0.4¢ price + 1.0¢ spread + 0.1¢ 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
0x66E7ce01C6831B8A2503D09eDD6167152Ee68BcD-1771870353938
No — $117.59
0x3653235d75A0d5969C42f7514d4Df8eA5F8CEF74-1778811817579
CTRYes — $14.83

balthazar
CTRYes — $8.61
donthackme
CTRYes — $4.92
123987456
CTRYes — $2.59

UbuntuTrading
CTRYes — $0.85
JordanMooney
CTRYes — $0.36
0x43cb4Ae1f4dDC9E671486C79c9F40A6fd98B84Df-1761656284271
CTRYes — $0.15

broskye
CTRYes — $0.07