TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
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2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 5, 3:49 AM EST
Polymarket
This market will resolve according to the candidate who wins the nomination for the Republican Party to contest the MI-03 congressional district seat in the U.S. House of Representatives in the 2026 midterm elections. The Republican primary will take place on August 4, 2026. If no nominee is announced by November 3, 2026, 11:59PM ET, this market will resolve to "Other". The resolution source for this market will be a consensus of official Republican sources, including https://www.rnc.org/. Any replacement of the nominee before election day will not change the resolution of the market.
This market will resolve according to the candidate who wins the nomination for the Republican Party to contest the MI-03 congressional district seat in the U.S. House of Representatives in the 2026 midterm elections. The Republican primary will take place on August 4, 2026. If no nominee is announced by November 3, 2026, 11:59PM ET, this market will resolve to "Other". The resolution source for this market will be a consensus of official Republican sources, including https://www.rnc.org/. Any replacement of the nominee before election day will not change the resolution of the market.
Prediction market odds and traditional polling often diverge because they measure different things. Polls capture voter sentiment at a single moment, while this market aggregates real-money bets from traders who have financial incentives to forecast accurately over time. Markets typically incorporate polling data alongside campaign developments, fundraising reports, and endorsements, sometimes moving ahead of or behind public surveys. If a candidate's market odds are significantly higher or lower than their polling average, it may signal that traders see information or momentum that surveys have not yet captured. Comparing the two can reveal where expert opinion and market expectations align or conflict.
On Polymarket, this market is priced through an automated market maker that converts trader activity into real-time contract prices between 0 and 100 cents, where each cent represents a 1% implied probability. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. When you buy a share for a candidate, you are betting that candidate will win the primary; if they do, your share settles at $1.00. The spread between bid and ask prices reflects current liquidity and trader conviction. Higher prices indicate stronger market confidence in a candidate's chances, while lower prices suggest longer odds. Volume and price history on the chart help you assess whether moves are driven by sustained conviction or brief trading activity.
This market resolves around Aug 4, 2026, after the Michigan 3rd District Republican primary election takes place. The outcome is determined by identifying which candidate wins the most votes in the official primary results. Once the election is held and results are verified against credible public reporting, the market settles automatically, paying out $1.00 per share to holders of the winning candidate's contract and $0.00 to all others. Early or mail-in voting may produce results before election day, potentially triggering earlier settlement if the outcome becomes mathematically certain.
Several catalysts can shift odds in this market. Major endorsements from party leaders, elected officials, or influential figures often trigger sharp price moves. Campaign announcements, debate performances, and media coverage of candidate gaffes or achievements reshape trader expectations. Fundraising reports and spending data signal candidate viability and resources. Polling releases—especially from high-quality firms—frequently correlate with market repricing. Unexpected candidate withdrawals or entries can redistribute probability across remaining contenders. Local news coverage of district-specific issues, voter registration trends, and turnout models also influence trading. As the primary date approaches, each of these signals typically compounds, creating larger swings in candidate odds.