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 Mike Mazzei in the 2026 Oklahoma Republican Governor runoff

Mike Mazzei, ≥9%

21%

implied chance of YES▼ 2 today

Recorded price path

This is a live Kalshi event contract. The price, 21 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.

The crowd may be underpricing this

KALSHI CHARGES

22¢

MARKETS LIKE THIS SETTLED AT

25¢

AFTER THE 2¢ FEE

+1¢

Contracts like this one have settled YES 25.1% of the time, and the crowd is charging 22c. Based on 1,028 settled markets across all categories in the 20-29c 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). After the 2c taker fee, that leaves about 1c of edge per contract, if this market behaves like the ones we measured.

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 20–29¢ have gone on to settle YES 25% of the time (n=1,028). The price implies 21%, so historically this band has come in about 4 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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Odds reflect the live Kalshi market and move continuously. Educational only, not financial advice. Not affiliated with Kalshi.