KalshiPoliticsActive

Will the bear case for Trump occur in 2026?

4.2¢+2281

last trade · closes 2027-12-31

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24h volume$87
Open interest$93.0K
Lifetime volume$257.5K

Odds history

Implied odds over timebid/askmidyesno16%8%0%Sep 20 06:32 UTCSep 22 03:25 UTC

How this market settles

Pays Yes when
If ALL of the following occur: Trump's VoteHub approval rating drops below 35% in 2026 AND Democrats win control of the House of Representatives after the midterms AND the U.S. enters a recession between Q4 2025 and Q4 2026 (inclusive)…
Who decides
If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: - "Trump's VoteHub approval rating drops below 35%"…
When
Closes 2027-12-31.
Read the full rules Kalshi publishes

If ALL of the following occur: Trump's VoteHub approval rating drops below 35% in 2026 AND Democrats win control of the House of Representatives after the midterms AND the U.S. enters a recession between Q4 2025 and Q4 2026 (inclusive) AND the U.S. unemployment rate (U-3) is at least 5% in any month in 2026, then the market resolves to Yes.

This is a combination market requiring **ALL** specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: - "Trump's VoteHub approval rating drops below 35%" uses POLLINGAPPROVALINPERIOD - "Will Democrats win control of the House of Representatives?" uses CONTROL - "Will the U.S. enter a recession?" uses NBERRECSS - "Will the U.S. unemployment rate (U-3) be at least 5%?" uses ECONSTAT For economic data releases, resolution uses the first officially released value (not preliminary or revised estimates unless specified). All conditions must be satisfied within the specified time period. Additional specifications: - POLLINGAPPROVALINPERIOD - the threshold need only be met once during the period - CONTROL - based on the Speaker of the House on Feb 1, 2027 - NBERRECSS - requires two consecutive quarters in which the the most recent estimates of seasonally adjusted annualized percent changes of quarterly US real GDP are negative

What this bet really costs you

  • On $100 at 4¢ you pay $6.73 in fees on Kalshi

    0.27¢ per contract · 2500 contracts

  • On $100 at 4¢ you pay $5.76 in fees on Polymarket US

    0.23¢ per contract · 2500 contracts

Exchange-side taker fees per each venue's published formula (rate × contracts × price × (1 − price)); contracts = stake ÷ price, rounded down to whole contracts. Fees peak at 50¢ and shrink toward the extremes. Most quoted cross-venue “arbs” are negative-EV after these fees; the taker-fee breakeven on a Kalshi/Polymarket pair is roughly 3.5–4¢.

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Polymarket moved 8¢ on US recession in 2026? in the last 60 minutes (12¢ → 20¢). Kalshi hasn't caught up — still sitting at 14¢.

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Data: Kalshi id KXTRUMPBEARCASECOMBO-27DEC-26 · ← All tracked markets