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 / Politics

Will the margin of victory for Ralph Norman in the 2026 South Carolina Republican Senate s

Ralph Norman, 0-3%

10%

implied chance of YES▼ 4 today

Recorded price path

This is a live Kalshi event contract. The price, 10 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

13¢

MARKETS LIKE THIS SETTLED AT

13¢

Contracts like this one have settled YES 13.3% of the time against a 13c price, which is close enough to fair that the 1c fee eats whatever is left. Based on 905 settled markets across all categories in the 10-19c band (we do not yet hold enough politics 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 politics 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 13% of the time (n=905). The price implies 10%, 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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