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
Winner: Nacional
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
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.
Cluster 1
Copa Libertadores: Winner
Copa Libertadores: Winner: Palmeiras
0xdb8e90…8848
Copa Libertadores: Winner: Corinthians
0x25ba1f…c600
Copa Libertadores: Winner: Mirassol
0xde98de…7e88
Copa Libertadores: Winner: Estudiantes LP
0x728bcf…382b
Copa Libertadores: Winner: Independiente Rivadavia
0x7ab21f…89f8
Copa Libertadores: Winner: Platense
0x53abb3…4b40
Copa Libertadores: Winner: Libertad
0xd8dd51…aa4b
Copa Libertadores: Winner: Lanús
0xaeb591…cc29
Copa Libertadores: Winner: LDU Quito
0x9fc621…6e6f
Copa Libertadores: Winner: Always Ready
0xd58e7b…7f39
Copa Libertadores: Winner: Nacional
0xf8c717…5933
Copa Libertadores: Winner: Santa Fe
0x94c49b…62ec
Copa Libertadores: Winner: Peñarol
0x6cff84…5a94
Copa Libertadores: Winner: Rosario Central
0x975c5b…c5ff
Copa Libertadores: Winner: Boca Juniors
0xb9154c…39b9
Copa Libertadores: Winner: Junior
0xa045c3…0805
Copa Libertadores: Winner: Flamengo
0x5290ac…1d81
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 Ready↓25pp46→21¢ · Polymarket
- May 6Winner: Lanús↓25pp47→22¢ · Polymarket
- May 8Winner: Rosario Central↑18pp23→41¢ · Polymarket
- May 6Winner: Peñarol↓18pp42→24¢ · Polymarket
- May 7Winner: Always Ready↑18pp21→39¢ · Polymarket
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These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.
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In general
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.