All
Outcomes
Market
Price
AI Fair
Value
Value
Edge
Democratic Party
YesNo
Republican Party
YesNo
AI Insights:
03.08 16:18 UpdatedFair Value Reasoning:
NY-13 is one of the safest Democratic strongholds in the nation (Cook PVI D+40+), covering Upper Manhattan and parts of the Bronx. Incumbent Democrat Adriano Espaillat is deeply entrenched, and the district's demographics make a Republican victory virtually impossible (Democrats historically win >85-90% of the vote). Barring an extremely rare force majeure event, a Democratic victory is a near-certainty. Thus, the current price of 92 cents is significantly undervalued relative to a fair value near 99 cents.
Sign up to view more information
Divergence
Mainstream political consensus (e.g., Cook Political Report) rates NY-13 as 'Solid Democrat,' implying a near 100% win probability. However, Polymarket's pricing implies only a 92% chance. This ~8% divergence indicates market inefficiency, likely due to a lack of liquidity or excessive hedging against negligible tail risks.