Where does this number come from?

It's the live price of the Kalshi event contract, which trades between 1 and 99 cents. A price of 60 cents implies a 60% chance. ContractTax reads the public market price and adds price history and context.

Live odds / Economics

Will the Federal Reserve Hike rates by 25bps at their October 2026 meeting?

Hike 25bps

16%

implied chance of YES▲ 1 today

Recorded price path

This is a live Kalshi event contract. The price, 16 cents, is the market’s implied probability of YES. Whether that number is well-calibrated is its own question: our Truth Machine measures how often markets at each price level actually settle YES. Confirm live prices on Kalshi before trading.

Priced about right

KALSHI CHARGES

16¢

MARKETS LIKE THIS SETTLED AT

15¢

Contracts like this one have settled YES 14.6% of the time against a 16c price, which is close enough to fair that the 1c fee eats whatever is left. Based on 2,443 settled markets across all categories in the 10-19c band (we do not yet hold enough economics history to price this by category, so this is the market-wide curve and is weaker evidence).

This is what this kind of contract has been worth, not a forecast for this one: a band average does not know what is happening in the news. See the Fair Value Board for every market scored this way, or the economics curve it came from.

What history says about this price

Across our settled record, markets priced near 10–19¢ have gone on to settle YES 15% of the time (n=2,443). That is history, not a forecast for this specific market. See the Truth Machine for the full curve.

See the full field for this event →

More live Economics markets

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Odds reflect the live Kalshi market and move continuously. Educational only, not financial advice. Not affiliated with Kalshi.