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AI Insights:
03.07 23:08 UpdatedFair Value Reasoning:
IL-04 remains a deep blue stronghold (Cook PVI D+16/17). Although incumbent Jesús 'Chuy' García reti...
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Divergence
Significant divergence exists. Fundamental data implies a >99% Democratic win probability in IL-04, yet the market prices it at ~94%. This 5-6% spread likely stems from two misconceptions: overestimating the GOP's chance to win on a plurality split (the GOP base is too small), and overlooking the market's 'Caucus Rule,' which ensures that a victory by an Independent Democrat would still resolve as a win for the Democratic Party option.