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Outcomes
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AI Fair
Value
Value
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Democratic Party
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Republican Party
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AI Insights:
03.16 10:07 UpdatedFair Value Reasoning:
While IA-01 is an R+3 swing district with incumbent Miller-Meeks, the 2026 midterm environment (D+14 generic ballot polls, low Trump approval) heavily favors Democrats. However, with 8 months to go, the market's 79% Dem implied probability overreacts to early polls, discounting incumbency advantage and mean regression. Fair value reflects a 'Lean Dem' status rather than the market's 'Safe Dem' pricing.
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Movers
2026-03-09 to 2026-03-13, Republican Party price surged from 19c to 34.5c, likely a correction of previously distressed pricing (implied 19% win prob) to better align with incumbent fundamentals in a swing district, despite the bearish macro environment.
Divergence
Market pricing implies a near 80% certainty for Democrats, treating it as a safe seat. This significantly diverges from mainstream ratings (e.g., Cook Political Report) which categorize it as a 'Toss-up' or only slightly tilting Democrat, a discrepancy driven largely by market illiquidity.