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AI Insights:
03.12 18:11 UpdatedFair Value Reasoning:
Based on the November 2025 redistricting context, UT-02 has been redrawn as a 'Solid Republican' district. In standard US political forecasting models, the GOP win probability for such seats typically exceeds 99%. The current market price (~74c) implies a ~26% chance for Democrats, which severely contradicts the 'deep red' fundamentals and represents significant pricing inefficiency. The fair value assessment of 96c is maintained.
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Divergence
Significant divergence exists. The prediction market currently prices UT-02 as a competitive district (~74% GOP), whereas political fundamentals (a post-redistricting deep red seat) indicate a GOP win probability near 100%. This divergence likely stems from persistent confusion or information lag among market participants regarding the specific details of Utah's redistricting (UT-02 becoming red vs. UT-01 becoming swing).