SimpleFunctions
Winner-take-all · 17 outcomes17 contractsPolymarketrefreshed 3 min agoCloses Dec 12, 2026 · 217d

Copa Libertadores

Leader sits at 48% across 17 bound outcomes, runner-up at 48%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

48%

Winner: Nacional

runner-up 48¢leader 48¢

Outcomes

17

winner-take-all

Runner-up

48¢

Winner: Always Ready

Spread

0pp

contested

24h volume

$11

thin orderbook

Closes

Dec 12, 2026

217 days

Venue

Polymarket

17 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayWinner: Nacional: 45% (12 days, 12 points)Winner: Nacional: 45% on 2026-05-08Winner: Always Ready: 48% (12 days, 10 points)Winner: Always Ready: 48% on 2026-05-08Winner: Libertad: 45% (12 days, 12 points)Winner: Libertad: 45% on 2026-05-08
Winner: Nacional45¢Winner: Always Ready48¢Winner: Libertad45¢
Top 3 candidates by current price · 12d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

The 48% probability represents the market's current assessment that one specific team (tracked by contract ID) will win the 2026 Copa Libertadores tournament. The cluster of individual team contracts priced between 45-47 cents suggests the field is fragmented among roughly 6-8 viable contenders, with no dominant favorite emerging. The probability level reflects uncertainty about both the tournament's competitive balance and the strength of top clubs' current form heading into the competition. Factors likely driving this mid-range assessment include the recent performance records of traditional powerhouses like Flamengo and regional challengers, squad depth and recent transfers, and historical Copa Libertadores outcomes. The key catalyst for movement would be official tournament seeding, playoff results if applicable, or major roster news affecting top contenders in the coming weeks.

  • Individual team contracts (Flamengo, Independiente Medellín, Cerro Porteño, etc.) are clustered within 2 cents of each other, indicating no clear consensus favorite rather than a strong consensus prediction
  • Zero 24-hour trading volume across all listed contracts suggests minimal recent market activity and potential liquidity constraints
  • The leading contract at 48% and runner-up at 47% are separated by only 1 percentage point, indicating statistical noise or a genuinely tight race among top contenders
  • Tournament format, scheduling, and any playoff structure details would directly influence perceived advantage for teams with specific strengths (e.g., altitude, travel distance)
  • Recent domestic league performance and squad stability of the six tracked teams in the 2-3 months prior to Copa Libertadores kickoff would be concrete indicators of form

What moved the line

  • May 6Winner: Always Ready25pp4621¢ · Polymarket
  • May 6Winner: Lanús25pp4722¢ · Polymarket
  • May 8Winner: Rosario Central18pp2341¢ · Polymarket
  • May 6Winner: Peñarol18pp4224¢ · Polymarket
  • May 7Winner: Always Ready18pp2139¢ · Polymarket

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

More like this

Adjacent prediction questions.

How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

Last updated on this page: 3 min ago.