Will the Democratic Party win the MI-13 House seat?

The market is pricing in an extremely high probability (93%) for Democratic retention of MI-13, yet shows zero 24-hour volume despite $20k in open interest, suggesting this consensus view may lack active price discovery. The asymmetric implied yields—13.7% for Yes versus 2,424.5% for No—indicate severe illiquidity on the Republican side, where a small contrarian bet could yield outsized returns if the seat flips. With 200 days to expiry and only a 1¢ spread, this appears to be a one-sided market where the Democratic outcome is heavily favored but potentially mispriced due to thin order books on the downside.

Resolution rules

This market will resolve according to the party of the candidate who wins the MI-13 congressional district seat in the U.S. House of Representatives in the 2026 midterm elections. The midterm elections will take place on November 4, 2026. ​A candidate's party will be determined by their ballot-listed or otherwise identifiable affiliation with that party at the time all of the 2026 House elections are conclusively called by this market's resolution sources. A candidate without a ballot-listed affiliation to either the Democrat or Republican parties will be considered a member of one of these parties based on the party with which they most recently expressed their intent to caucus at the time all of the House elections are conclusively called by this market's resolution sources. This market will resolve based on the result of the election as indicated by a consensus of credible reporting. If there is ambiguity, this market will resolve based solely on the official results as reported by the United States government, specifically the Federal Election Commission (https://www.fec.gov/).

Indicators

Regime

Trade