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AI Insights:
03.12 12:56 UpdatedFair Value Reasoning:
Although OH-01 was redistricted to lean slightly Republican in 2025, incumbent Democrat Greg Landsman demonstrated significant resilience by winning by 9 points in 2024, a year Trump won the presidency. Heading into the 2026 midterm cycle, the party in power (Republicans/Trump) typically suffers from a 'midterm penalty'. Combining Landsman's incumbency advantage with a macro environment favorable to the opposition party, the probability of Democrats holding the seat is very high. The recent sharp downward correction in Republican pricing validates this fundamental assessment.
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Divergence
Divergence exists. While recent price adjustments have narrowed the gap, given Landsman's 9-point defiance of the top-of-ticket trend in 2024 and historical midterm trends favoring the opposition party, this seat should be rated 'Likely Democratic' (typically implying >75% probability). Current market pricing (implied ~66% win rate after arb adjustment) remains conservative and underestimates the Democratic advantage.