TOTAL VOLUME:
$124b
24H VOL:
$82,345,145
24H TRANSACTIONS:
2,121,338,658
OPEN INTEREST:
$1,285,568,173
364,467
Markets across
33,191
events
MATCHED EVENTS:
3,073
PLATFORM COVERAGE:
5
Polymarket:
41%
VS.
Kalshi:
59%
Rate: 25bp hike, Dissents: >0
- Kalshi
Rate: 25bp hike, Dissents: >0 - Kalshi
1W
News
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Vol.
·
Resolves Sep 16, 2026
Time left: 06d:13h:54m
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This market tracks potential outcomes of the Federal Reserve's September 2026 monetary policy meeting, focusing on both the direction of the federal funds rate and the level of disagreement among policymakers. Participants assess the likelihood of various combinations of rate changes and dissent counts among Federal Reserve members.
The event consists of six distinct markets, each requiring the simultaneous occurrence of two specific outcomes for the September 2026 Federal Open Market Committee (FOMC) meeting: a particular federal funds rate decision and an exact dissent count. A contract resolves to Yes only if both components match the specified conditions exactly. The federal funds rate decision component evaluates whether the rate remains unchanged, decreases by 25 basis points, or increases by 25 basis points, based on the official FOMC announcement. The dissent count component evaluates whether zero members or more than zero members dissented from the policy decision, determined by the official FOMC dissent count. Resolution relies on the first officially released values for both components. If either component fails to meet the required condition, or if the outcome becomes impossible, the contract immediately resolves to No. Each component is resolved according to its respective Kalshi ruleset—FEDDECISION for rate decisions and FOMCDISSENTCOUNT for dissent counts. All conditions must be satisfied within the specified time period for the contract to pay out.
Compared to traditional analyst forecasts, prediction market odds often reflect a broader range of expectations and can react faster to new economic data or Fed communication. While analysts may publish detailed reports with central tendencies, this market aggregates trader assessments continuously, potentially highlighting tail risks or rapid shifts in sentiment that aren't yet captured in mainstream forecasts.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, traders set prices through a continuous order book where buyers and sellers post bids and asks for different possible outcomes. The current implied probability reflects the balance of orders and recent trading activity. Market depth and liquidity can shift quickly based on new economic indicators, Fed speeches, or broader market movements.
This market resolves around Sep 16, 2026, with the outcome confirmed once official Federal Reserve records are published and become verifiable from credible public reporting. The final rate decision and exact number of dissents will be drawn from the Fed's public meeting minutes and announcements, providing a clear, objective basis for settlement.
Key signals include Federal Open Market Committee meeting minutes, speeches by Fed officials, U.S. employment and inflation data, and unexpected economic shocks. Each release can shift expectations about the likely rate path or governance dynamics, prompting traders to adjust positions. Global economic developments and market volatility may also influence pricing as they affect the Fed's policy outlook.