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%
$
The U.S. labor market and inflation conditions will reach a particular combination of unemployment and price change levels by December 2026, regardless of which specific combination occurs.
Resolution depends on December 2026 data from the Bureau of Labor Statistics for the unemployment rate (U-3) and the Consumer Price Index for All Urban Consumers (CPI-U) 12-month percent change. Stagflation occurs when unemployment is at least 5% and inflation is at least 3.5%. A soft landing is characterized by unemployment below 5% and inflation below 3.5%. Overheating exists when unemployment is below 5% but inflation is at least 3.5%. Slack or disinflation occurs when unemployment is at least 5% but inflation is below 3.5%. The market closes at 8:25 AM on the day of the expected inflation data release for December 2026.
Prediction market odds on Kalshi reflect real-money consensus from traders betting on economic conditions at year-end 2026. Unlike traditional analyst forecasts, which rely on models and expert judgment, prediction markets aggregate dispersed information through price discovery. Market participants continuously update positions based on incoming employment data, inflation reports, GDP growth, and central bank decisions. This dynamic pricing often captures forward-looking sentiment faster than static analyst surveys, though both approaches offer complementary perspectives on economic trajectory.
On Kalshi, State of the economy at the end of 2026 is priced as a binary contract reflecting the probability of the specified outcome. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The contract trades between 0 and 100, with the current implied probability at 53.3% percent. Traders buy or sell shares based on their conviction about economic conditions entering 2027. Price movements reflect updated expectations around GDP growth, unemployment, inflation, and financial stability. As new macroeconomic releases and policy signals arrive, the market reprices continuously until the resolution deadline.
The State of the economy at the end of 2026 market resolves on Jan 13, 2027. Resolution is determined by objective economic data and conditions assessed at that time. Traders should monitor official economic releases, central bank communications, and financial indicators in the months leading up to resolution. The specific criteria used to settle the contract are detailed in the market's terms and conditions on Kalshi. Early resolution is possible if conditions become unambiguous before the end date.
Key catalysts for this market include Federal Reserve interest rate decisions, employment reports, inflation data, and GDP growth announcements. Geopolitical developments, trade policy shifts, and credit market stress could significantly impact economic sentiment. Corporate earnings, consumer spending trends, and housing market indicators also drive trader positioning. Unexpected recessions, financial crises, or major policy reversals would trigger sharp repricing. Additionally, international economic developments and currency movements influence U.S. economic conditions, making global events relevant signals through the resolution window.