Will the Republican Party win the NJ-11 House seat?

This market shows extreme illiquidity with zero 24-hour volume despite $26k open interest, suggesting the 10¢ price may not reflect genuine market consensus but rather stale positioning. The 1,637% implied yield on the Yes side is extraordinarily high and likely a mispricing artifact caused by the thin liquidity and low absolute price, indicating traders should be cautious about the reliability of this quote. With a Cliff Risk Index of 9 (very high) and 201 days to expiry, this market is vulnerable to sharp repricing once meaningful volume returns, particularly if Republican polling in this Democratic-leaning district shifts materially.

Resolution rules

This market will resolve according to the party of the candidate who wins the NJ-11 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/).

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