TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 23, 4:00 PM EST
Kalshi
This event tracks the performance of a major stock market index on a specific date, allowing participants to assess where the index will fall within predefined ranges. The outcome depends solely on the index's closing value at the specified time, making it a straightforward test of market expectations for that moment.
Each market resolves based on the end-of-day value of the Nasdaq 100 index on October 23, 2026, at 4pm EDT, falling into one of several defined price ranges. If the index closes within a specific range, the corresponding market resolves to Yes; otherwise, it resolves to No. All markets close on October 23, 2026, and expire either when the index value is officially released or one week after the close date, whichever occurs first. The Exchange has modified the Source Agency and Underlying for indices markets per the Kalshi Rulebook.
Currently, it’s difficult to make a direct comparison between the predictions reflected in this market and traditional analyst forecasts. While analysts often provide point estimates or ranges for the Nasdaq-100, this market aggregates the wisdom of the crowd, representing a probability distribution across potential outcomes. To assess how prediction market odds compare to analyst forecasts, one would need to examine the range of analyst expectations and compare the implied probabilities in this market to the likelihood they assign to similar outcomes. It's important to note that analysts may have different time horizons and methodologies.
On Kalshi, this market is priced through a continuous double auction, meaning traders buy and sell contracts representing different price ranges for the Nasdaq-100. The prices of these contracts reflect the market’s collective belief about the probability of the Nasdaq-100 falling within that range at the specified time. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate and new information becomes available, the prices adjust, providing a dynamic and real-time assessment of future expectations. The market depth shows the available liquidity at different price points, indicating the strength of conviction behind those predictions.
This market resolves around Oct 23, 2026, with the outcome determined by verifying the Nasdaq-100’s closing price at 4:00 PM EDT on that date against credible public reporting. The market will settle based on which price range the actual closing price falls into. The resolution process relies on publicly available data to ensure an objective and transparent outcome. Traders will be able to view the final settlement price and the corresponding winning contract once the resolution is complete, confirming the market’s prediction.
Numerous economic and geopolitical events could significantly impact this market. Major macroeconomic data releases, such as inflation reports, GDP growth figures, and employment numbers, will likely influence investor sentiment and, consequently, the price range predictions. Unexpected shifts in Federal Reserve policy, including interest rate changes or quantitative easing measures, could also drive substantial movement. Geopolitical events, like international conflicts or trade disputes, and major company-specific news within the Nasdaq-100 constituents, could also cause shifts in expectations reflected in this market.