What are the odds of "Will Brian Schatz win the next Senate Democratic Leader election?"?

The live Kalshi market currently prices this at 1%, meaning traders collectively imply about a 1% chance of YES. Prices move continuously as new information arrives.

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 Brian Schatz win the next Senate Democratic Leader election?

Brian Schatz

1%

implied chance of YES

Price history builds as our scanner records this market. Check back soon for the path.

This is a live Kalshi event contract. The price, 1 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

2¢

MARKETS LIKE THIS SETTLED AT

6¢

AFTER THE 1¢ FEE

+3¢

Contracts like this one have settled YES 6.5% of the time, and the crowd is charging 2c. Based on 2,304 settled markets across all categories in the 0-9c 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 1c taker fee, that leaves about 3c 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 0–9¢ have gone on to settle YES 6% of the time (n=2,304). The price implies 1%, so historically this band has come in about 5 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 →

More live Politics markets

What will Donald Trump say during CBS: 60 Minutes originally scheduled for November 8, 2021%What will Donald Trump say during CBS: 60 Minutes originally scheduled for November 8, 2027%What will Donald Trump say during CBS: 60 Minutes originally scheduled for November 8, 2021%What will Donald Trump say during CBS: 60 Minutes originally scheduled for November 8, 2022%What will Donald Trump say during CBS: 60 Minutes originally scheduled for November 8, 2021%

Embed this on your site

<iframe src="https://www.contracttax.com/embed/odds/KXSENATEDEMLEAD-28JAN01-BSCH" width="340" height="160" style="border:0;overflow:hidden" title="Will Brian Schatz win the next Senate Democratic Leader election? - live odds"></iframe>
<a href="https://www.contracttax.com/odds/KXSENATEDEMLEAD-28JAN01-BSCH">Live odds by ContractTax</a>

Live-updating, free to use. The widget refreshes on its own; the caption link is appreciated and helps others find the source.

Vet this trade →More live odds

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