TOTAL VOLUME:
$154.5b
24H VOL:
$271,200,656
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,922,627,141
420,368
Markets across
40,352
events
MATCHED EVENTS:
4,484
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 13, 7:59 AM EST
Kalshi
The Secured Overnight Financing Rate (SOFR) is a key benchmark interest rate used in financial markets, reflecting the average overnight repurchase agreement rate secured by U.S. Treasury securities. Predicting SOFR for a specific future date involves analyzing economic indicators, monetary policy decisions, and market expectations. These markets allow participants to bet on whether the rate will fall within certain precise thresholds, offering a granular view of future interest rate movements.
The event resolves based on the initially reported SOFR for October 9, 2026, taken from the “Secured Overnight Financing Rate Data” table in the “Rate (%)” column. No later revisions to the reported rate will affect the outcome. Seven distinct outcomes are possible: a rate at most 3.85%, exactly 3.86%, exactly 3.87%, exactly 3.88%, exactly 3.89%, exactly 3.90%, or at least 3.91%. Each outcome corresponds to a specific market, and the market resolving to 'Yes' for any one of these conditions determines the event’s final resolution. The focus is strictly on the exact numerical match or range specified, with precision and initial reporting date being critical factors.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts representing their beliefs about the SOFR rate. The price of each contract reflects the probability of that specific rate occurring, as determined by supply and demand. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. This dynamic pricing mechanism allows the market to quickly incorporate new information and adjust expectations. As more traders participate, the prices tend to become more efficient, representing a collective forecast of the future SOFR rate.
This market resolves around Oct 20, 2026, with the outcome confirmed once the official SOFR rate for October 9, 2026 is verifiable from credible public reporting. The market will pay out to those who correctly predicted the SOFR rate, based on the contract they purchased. The final rate will be determined by the Federal Reserve Bank of New York, and that data will be used to settle all outstanding contracts in this market. Traders should monitor economic indicators leading up to the resolution date.
Several economic signals and events could significantly impact this market. Changes in Federal Reserve monetary policy, such as interest rate hikes or cuts, would be a major driver. Unexpected inflation data, employment reports, and geopolitical events could also influence expectations for the SOFR rate. Furthermore, any significant shifts in the bond market or broader economic outlook could cause traders to adjust their positions, leading to price fluctuations in this market. Monitoring these factors will be crucial for understanding market movements.