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Republican Party
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AI Insights:
03.08 12:27 UpdatedFair Value Reasoning:
On March 3, 2026 (5 days ago), North Carolina held its primary elections. Incumbent Democrat Alma Adams easily secured the nomination and will face Republican Jack Codiga in November. Following the October 2025 redistricting, NC-12 was designed as a 'Democratic vote sink' to shore up GOP advantages elsewhere, making it a heavily safe blue district (D+20+). Given Adams' incumbency and the district's structural partisan lean, a Democratic victory is a virtual certainty (~99%). The current market price of 90.5c significantly undervalues this outcome.
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Divergence
There is a significant divergence between market pricing (90.5% Dem) and political reality (>99% Dem). Mainstream outlets (e.g., Cook Political Report) rate NC-12 as 'Solid Democratic,' and the 2025 redistricting map further entrenched its partisan lean. The market's implied ~10% risk premium is irrational, representing clear inefficiency given the absence of any viable third-party challenger or incumbent health crisis.