Trade: AZ-05 Republican Primary Winner
Resolution criteria on PolyGram: This market will resolve according to the candidate who wins the nomination for the Republican Party to contest the AZ-05 congressional district seat in the U.S. House of Representatives in the 2026 midterm elections. The Republican primary will take place on August 4, 2026. If no nominee is announced by November 3, 2026, 11:59PM ET, this market will resolve to "Other". The resolution source for this market will be a consensus of official Republican sources, including https://www.rnc.org/. Any replacement of the nominee before election day will not change the resolution of the market.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
- Liquidity
- $13K
- Total Volume
- $47K
- 24h Volume
- —
- Open Interest
- $2K
Market outcomes
| Jay Feely | 0% YES | 100% NO |
| Candidate C | — | |
| Candidate G | — | |
| Candidate K | — | |
| Candidate O | — | |
| Mark Lamb | 95% YES | 5% NO |
| Candidate B | — | |
| Candidate F | — | |
Market context
Arizona's 5th congressional district will hold a Republican primary on 4 August 2026 to select the party's nominee for the U.S. House seat in that year's midterm elections. The current order book on Polymarket shows a 0% implied probability for a Republican nominee being announced by the settlement deadline of 3 November 2026, suggesting traders assess near-certainty that some candidate will secure the nomination through the primary process.
Historical precedent indicates Republican primaries in competitive Arizona districts typically produce clear nominees well ahead of the general election. The 2024 cycle saw Arizona's congressional primaries resolve decisively, with winners announced shortly after primary day. The 0% probability reflects the baseline expectation that the August primary will function as designed, with a winner emerging through standard nomination procedures rather than the market resolving to "Other" due to failed nomination processes.
Key catalysts for traders include candidate announcements and filing deadlines in the months preceding the primary, which typically occur in spring 2026. The Arizona Secretary of State's office will establish formal filing periods and candidate lists. Any unexpected developments—such as frontrunner withdrawals, party dysfunction, or procedural complications—could alter the current probability assessment. Traders should monitor Arizona Republican Party communications and candidate positioning through mid-2026, as these will signal whether the primary remains on track for a conventional outcome.
Wikipedia Context
-
Azat Republican Party of KazakhstanThe Azat Republican Party of Kazakhstan is an unregistered political party in Kazakhstan that is led by Chairman Toleubek Karamendin. It was one of the most active of the political movements during the struggle for Kazakhstan's independence. However, once this was achieved, its membership reduced considerably with some going to the Azamat movement and others
How this market resolves
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a two-hour dispute window opens, and if no one stakes a counter-claim the payout is final. Contested outcomes escalate to UMA token-holder voting. Payouts clear in USDC to the winning side.
How to trade this market step by step
The mechanics for trading "AZ-05 Republican Primary Winner" are the same as any other PolyGram political event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
- Sign in on polygram.ink with your email — no full KYC under $1,500 lifetime trading volume.
- Deposit USDC on Polygon (lowest fees, ~$0.01 per transaction) or Ethereum. Funds credit after 12 confirmations.
- Pick a side. Buy YES if you believe the event will happen; buy NO if you think it won't. The current YES price reflects the market's collective probability.
- Size your position. If you stake 100 USDC at 50% YES, you'll receive shares that pay $200 if YES resolves true — a 100% gross return. If NO resolves, your shares are worth $0.
- Set risk controls (optional). Stop-loss, take-profit, and limit-order types all supported. Use the trade ticket's slippage box to cap your maximum entry price.
- Wait for resolution. When the event resolves on-chain via the UMA optimistic oracle, the winning side settles to 100¢ automatically and USDC hits your balance within seconds. Withdrawable to any wallet you control.
How active is this market?
$47K in lifetime turnover and $13K of resting liquidity puts this market in the below the median by volume for politics contracts on PolyGram. Order-book depth is thin — large orders may need to be split across the book or executed as limit orders.
The market has been open for 6 months — the price has had time to stabilise as new information arrived.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
Key terms
- YES / NO share
- A binary outcome token that pays $1.00 if the underlying claim resolves true (YES) or false (NO), and $0 otherwise. The market price between 0¢ and 100¢ is the implied probability.
- CLOB
- Central limit order book. The matching engine that pairs YES buyers with NO buyers (effectively the same trade). Polymarket's CLOB on Polygon executes trades on-chain via the conditional-tokens framework.
- Liquidity
- USDC capital sitting in resting limit orders inside the order book. Deeper liquidity means smaller slippage on large trades and a tighter bid-ask spread.
- UMA optimistic oracle
- The on-chain dispute system that settles each Polymarket market. A proposer submits the outcome, a two-hour challenge window opens, and unchallenged proposals finalise the resolution.
- Slippage
- The difference between the displayed mid-price and your fill price. Affects market orders most; limit orders avoid slippage but may take time to fill.
- Conditional token
- ERC-1155 outcome share issued by Gnosis Conditional Tokens on Polygon. The token type that resolves to $1.00 or $0.00 at settlement.
Frequently asked questions
How does this market resolve?
Resolution is handled by the UMA optimistic oracle on Polygon. A proposer submits the outcome, a 2-hour dispute window opens, and if uncontested the payout is final. Contested outcomes escalate to UMA token holders.
When does this market close?
This prediction market is scheduled to close on 4 August 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
How can I trade on "AZ-05 Republican Primary Winner"?
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
What happens when the market resolves?
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Risk and regulatory note
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
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