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AI Insights:
03.12 14:45 UpdatedFair Value Reasoning:
With the March 10 candidate filing deadline now passed, the landscape for PA-17 is settled. The confirmed absence of a credible Republican challenger effectively locks this race as a 'Safe Democratic' hold for incumbent Chris Deluzio. In a 2026 midterm environment (historically hostile to the GOP under a Republican presidency), a Cook PVI D+3 district is virtually impossible for the GOP to flip without a top-tier recruit. The current market price of 73c reflects poor liquidity rather than true probability; fair value should be closer to 96c-99c.
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Divergence
Significant divergence exists. Fundamentals (D+3 district, midterm tailwinds, no GOP challenger) point to a Democratic win probability of >95% (Safe D), yet the Polymarket price implies only ~73%. This discrepancy is primarily driven by extremely low volume (~$76) and lack of participation, preventing the price from efficiently updating to reflect the certainty following the March 10 deadline.