VARY

TORONTO MAYORAL ELECTION WINNER

Will Olivia Chow win the 2026 Toronto mayoral election?

LIVE5D REMAININGVOL $251K · LIQ $93K · SPREAD 1.0%

VARY CALL

NO
61%
MARKET
54%
DIFFERENCE
+7pts
CONFIDENCE
MEDIUMMEDIUM confidence

MARKET VS VARY

NOYES
Market 46 percentVARY 39 percent
MARKET 46%VARY 39%
24H VOLUME
$20K
LIQUIDITY
$93K
CLOSES
5D REMAINING
CATEGORY
ELECTIONS

OUR TAKE

We read this 6.6 points lower than the market, based on market structure.

WHY NO?

  • MARKET MOMENTUM (24H)NEGATIVE
  • MARKET MOMENTUM (7D)NEGATIVE
  • VOLUME CONCENTRATIONNEGATIVE

SIGNAL LEDGER · EXPERIMENTAL MODEL

  • Market Momentum (24h)
    NEGATIVE
    -10
  • Market Momentum (7d)
    NEGATIVE
    -10
  • Volume Concentration
    NEGATIVE
    -2

Polymarket currently prices YES at 46% with $93K of live liquidity and $20K traded in the last 24 hours.

The market has moved down 19 points over the last 24 hours, so pricing is still adjusting rather than settled.

Our signals shift the estimate down 6.6 points from the market price. Adjustments are capped, experimental and not calibrated.

We start from the market price, then apply a bounded adjustment from our own signals — market structure, momentum and, for crypto markets, live spot data. The adjustment can never exceed 15 percentage points. The model is experimental and not yet calibrated.

EXPERIMENTAL MODEL

  • Price Momentum25%
  • Prediction Market Momentum20%
  • Volume15%
  • Volatility15%
  • Order Book Imbalance15%
  • News Sentiment10%

WEIGHTS ARE ILLUSTRATIVE AND NOT VALIDATED

OUR ESTIMATE vs MARKET

OUR MODEL MARKET

MARKET PATH FROM POLYMARKET · OUR PATH APPLIES THE CURRENT BOUNDED ADJUSTMENT

WHAT CHANGED?

  1. LAST 24HMARKET 64% → 46%

    Polymarket mid-price movement over the last day.

  2. LAST 7DMARKET 69% → 46%
  3. NOWMARKET MOMENTUM (24H) NEGATIVE (-10)
  4. NOWOUR ESTIMATE 39%

    Market 46% · bounded adjustment -7 pts.

VIEW ON THE MARKET

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EXPERIMENTAL PROBABILITY ESTIMATES · VARY IS READ-ONLY · NOT FINANCIAL ADVICE