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 / Other

Will the margin of victory for Republicans in the U.S. Senate election in Texas be at leas

Ken Paxton, 0.5+ pts

32%

implied chance of YES

Recorded price path

This is a live Kalshi event contract. The price, 32 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

32¢

MARKETS LIKE THIS SETTLED AT

30¢

Contracts like this one have settled YES 29.8% of the time against a 32c price, which is close enough to fair that the 2c fee eats whatever is left. Based on 208 settled other markets in the 30-39c band, priced about a day before their events.

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 other curve it came from.

What history says about this price

Across our settled record, markets priced near 30–39¢ have gone on to settle YES 35% of the time (n=3,454). The price implies 32%, so historically this band has come in about 3 points higher than the sticker. 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 →

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