TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 1, 10:00 AM EST
Kalshi
This event tracks the number of presidential pardons, sentence commutations, and reprieves issued during July 2026. Each market corresponds to a specific range of clemency actions, allowing traders to bet on the volume of executive clemency granted in that month.
This event measures the total number of persons who receive presidential clemency in July 2026, defined as pardons, commutations of sentence, or reprieves granted by the sitting President. Clemency actions are counted individually by person, regardless of whether multiple actions are granted to the same individual. The resolution is determined by the total count falling within one of eight defined ranges: zero persons, exactly one person, exactly two persons, three to nine persons, ten to twenty-four persons, twenty-five to ninety-nine persons, one hundred to two hundred forty-nine persons, or two hundred fifty or more persons. Each range corresponds to a separate market outcome. The count includes all official clemency grants announced or effective during the calendar month of July 2026, based on official White House records or announcements.
Prediction markets and traditional polls measure different things: polls capture public opinion at a snapshot in time, while this market aggregates real-money bets on an actual outcome. Market participants often incorporate insider knowledge, historical patterns, and breaking news faster than surveys can update. Comparing the odds here to published analyst expectations or historical pardon rates offers insight into whether traders are pricing in a higher or lower volume than conventional forecasts suggest.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different pardon-count ranges. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current odds reflect the last executed trade and standing bids and asks, updating in real time as new positions are entered. Wider bid-ask spreads typically indicate lower liquidity or higher uncertainty around specific outcomes, while tighter spreads suggest strong consensus among active traders.
This market resolves around Aug 1, 2026, once July 2026 concludes and the final pardon count becomes verifiable from credible public sources. The outcome is determined by the total number of pardons formally issued during that calendar month, confirmed through official government announcements and reputable news reporting. Resolution occurs after the data is finalized and the platform's settlement process is complete.
Major political developments—such as shifts in congressional dynamics, high-profile legal cases, or changes in executive priorities—can significantly influence pardon expectations. Media coverage of potential candidates for clemency, statements from the White House, and historical precedent from previous administrations all serve as price catalysts. Additionally, unexpected legal or political crises could prompt sudden changes in pardon strategy, causing sharp moves in the odds as traders reassess the likely July 2026 total.