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Micah Insights

ISSUE OF SUN, OCT 25, 2026

One week of prediction-market readings, and what moved them. This is a past issue, kept as published.

THE LEAD · 2026 BALANCE OF POWER

11.0 points separate the House and the Governor.

The House index reads 51.4 and the Governor 40.4, 11.0 points apart (near the top of its range; over 4 weeks on record the gap has run 8.1–11.7).

11.0SPREAD · PTS
51.4HOUSE
40.4GOVERNOR

The spread has run 8.1–11.7 over 4 weeks on record. Index levels on a 0–100 scale, not the probability of any single outcome.

WHERE THE EXCHANGES DISAGREE
Will France declare a state of emergency before Nov 1, 2026?Kalshi 7.0% · Polymarket 6.6% · 0.4 pt gap
SETTLING THAT WEEK · OCT 25 – NOV 1
Oct 26Will Bitcoin dip to $78,000 October 19-25?Polymarket · Bitcoin Index5%
Oct 26S&P 500 (SPY) closes above $735 on October 26?Polymarket · S&P 500 Index100%
Oct 26S&P 500 (SPX) Up or Down on October 26?Polymarket · S&P 500 Index56%
Oct 27Saudi Arabia military action against Yemen on October 26?Polymarket · Global War Index90%
Oct 31Israel x Iran ceasefire continues through October 31?Polymarket · Global War Index88%
Oct 31Will Iran target Jordan by October 31, 2026?Polymarket · Global War Index24%
Oct 31US x Yemen ceasefire continues through October 31?Polymarket · Global War Index94%
Nov 1France declares state of emergency by October 31, 2026?Polymarket · Global War Index7%
Nov 1Will S&P 500 (SPY) hit (LOW) $750 in October?Polymarket · S&P 500 Index48%
Nov 1Will Bitcoin reach $87,500 in October?Polymarket · Bitcoin Index10%
Nov 1Will Bitcoin dip to $70,000 in October?Polymarket · Bitcoin Index3%
Nov 1Will Bitcoin reach $82,500 in October?Polymarket · Bitcoin Index64%
Nov 1Will Bitcoin reach $90,000 in October?Polymarket · Bitcoin Index5%
OTHER ISSUES