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 29, 7:59 AM EST
Kalshi
The Secured Overnight Financing Rate (SOFR) is a benchmark interest rate used widely in financial markets as a reference for various loans and securities. Predicting its level on a specific future date helps market participants gauge future monetary policy impacts and economic conditions. These markets allow stakeholders to bet on whether the rate will fall within certain precise ranges or exceed specific thresholds by a set date.
The event resolves based on the initially reported Secured Overnight Financing Rate (SOFR) for October 28, 2026, as published in the “Secured Overnight Financing Rate Data” table under the column labeled “Rate (%)”. All markets share this single underlying data point, and later revisions to the reported SOFR will not affect the outcome. Each market has a distinct resolution criterion: one resolves if the rate is at most 3.88%, another if it is exactly 3.89%, and so on through exactly 3.94%, with the final market resolving if the rate is at least 3.95%. The outcome of each market depends solely on where the initial SOFR publication falls relative to these specific thresholds or exact values.
On Kalshi, this market is priced using a continuous double auction. Traders submit bids (prices they are willing to buy) and asks (prices they are willing to sell) for contracts representing the outcome of the SOFR rate on October 28, 2026. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of a contract reflects the market's collective belief about the probability of that outcome occurring. As more traders participate and new information becomes available, the bids and asks adjust, leading to a dynamic price discovery process. This allows the market to reflect evolving expectations about future interest rates.
This market resolves around Nov 5, 2026, with the outcome confirmed once the actual SOFR rate for October 28, 2026, is verifiable from credible public reporting. The market will pay out to those who correctly predicted whether the SOFR rate will be at or above a certain threshold, as defined by the contract terms on Kalshi. Resolution will be based on the official SOFR rate published by the Federal Reserve Bank of New York, ensuring a transparent and objective determination of the outcome.
Several key signals and events could significantly impact this market. Changes in macroeconomic data, such as inflation reports, employment figures, and GDP growth, will likely influence expectations about future Federal Reserve policy. Statements from Federal Reserve officials regarding interest rate policy will also be closely watched. Unexpected geopolitical events or financial crises could also introduce uncertainty and volatility, causing shifts in the probabilities reflected in this market. Any news affecting the overall health of the US economy has the potential to move the SOFR rate market.