Will Kent Benham win the Republican Primary for U.S. Senate in Michigan?

Prediction markets currently give a 4% probability that Will Kent Benham win the Republican Primary for U.S. Senate in Michigan?. This contract trades at 4¢ on Polymarket, closing August 4, 2026. Kent Benham's 3¢ price reflects an extremely illiquid market with zero 24-hour volume despite $3.6M open interest, suggesting the quoted price may not reflect genuine trading demand.

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4¢
Bid/Ask 1/6¢·Spread 5¢·Vol $0·OI $3,364.151·Closes Aug 4, 2026·104d remaining
0xe835154859611ad7d0ddc48f6a0ce1f7b7349bbbc95253921a7d3fe7ae0db410
7-day price23 snapshots · 2 regime
4¢4¢ current
Apr 92¢Apr 21

Analysis

4d ago

Kent Benham's 3¢ price reflects an extremely illiquid market with zero 24-hour volume despite $3.6M open interest, suggesting the quoted price may not reflect genuine trading demand. The astronomical 10,829% implied yield on the Yes side is a classic illiquidity artifact—the 4¢ spread and recent price decline from 4¢ to 3¢ indicate this is a thin, potentially stale market where small trades could move prices dramatically. With 109 days to the August 2026 primary and a moderate 32 Cliff Risk Index, traders should be cautious about the reliability of this price as a true probability estimate.

Cross-venue

Also on kalshi at ¢

View counterpart →Match confidence 0.95Close-time delta 2199h

Resolution rules

This market will resolve according to the winner of the Republican Primary for United States Senator from Michigan. If no 2026 Michigan Republican Senate Primary takes place, this market will resolve to "Other". The resolution source for this market will be the first announcement of the results from the Michigan Republican Party, however an overwhelming consensus of credible reporting may suffice.

Indicators

IY (Yes) 8410.9%
IY (No) 14.6%
Adj IY 4205%
CRI 24
▶ Full indicator table (4)
IndicatorValue
IY (Yes)8410.9%
IY (No)14.6%
Adj IY4205%
CRI24

Regime

Label
neutral
Score
0.5
Spread
5¢
Computed
4/21/2026, 8:27:54 PM
Indicators computed 4/21/2026, 8:23:18 PM

Trade

View on polymarketsf trade 0xe835154859611ad7d0ddc48f6a0ce1f7b7349bbbc95253921a7d3fe7ae0db410 yes 100

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