Kalshi market

Kalshi Fed decision in Jan 2027 odds

On Kalshi, the favourite is Fed maintains rate, at 64%. The market settles by Jan 27, 2027, and $27 traded in the last 24 hours. Each contract pays $1 if it is right, so 64¢ reads as a 64% chance. Polymarket lists it too, and we compare the two prices below.

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This question also has a permanent page: Fed rate decision odds

Also on Polymarket: Polymarket's page

Kalshi · odds · updated

Fed maintains rate64%
Hike 25bps32%
Hike >25bps3%
Cut 25bps2%
Cut >25bps1%

Also priced on Polymarket: 5 questions compared ↓

$27
24h volume on Kalshi
$288K
total volume on Kalshi
$165K
open interest
Jan 27, 2027
settles

Kalshi odds on every outcome

Kalshi odds on each outcome of Fed decision in Jan 2027
OutcomeChanceYes price24h volume
Fed maintains rate compare 64%64¢$11Trade
Hike 25bps compare 32%32¢$14Trade
Hike >25bps compare 3%3¢$0Trade
Cut 25bps compare 2%2¢$1Trade
Cut >25bps compare 1%1¢$0Trade

Chance is each outcome's Yes price on Kalshi. A Yes contract at 64¢ pays $1 if that outcome wins.

Kalshi vs Polymarket on these questions

The same questions on both venues. When the prices differ, the cheaper side costs you less for the same payout.

Will there be no change in Fed interest rates after the January 2027 meeting?

Yes: Will there be no change in Fed interest rates after the January 2027 meeting?: price on each venue, the fee, 24h volume and liquidity, with a link to trade
VenueYesNoFee24h volumeLiquidity
PolymarketClose-only for US residents68¢32¢free$470$126KTrade →
Kalshi$50 bonus64¢cheapest to buy36¢1.6¢$11–Trade →
Updated Fee: the taker fee on one contract at the price shown, as each venue publishes it; Polymarket’s is its international book.

Will the Fed increase interest rates by 25 bps after the January 2027 meeting?

Yes: Will the Fed increase interest rates by 25 bps after the January 2027 meeting?: price on each venue, the fee, 24h volume and liquidity, with a link to trade
VenueYesNoFee24h volumeLiquidity
PolymarketClose-only for US residents29¢cheapest to buy72¢free$58$213KTrade →
Kalshi$50 bonus32¢69¢1.5¢$14–Trade →
Updated Fee: the taker fee on one contract at the price shown, as each venue publishes it; Polymarket’s is its international book.

Will the Fed increase interest rates by 50+ bps after the January 2027 meeting?

Yes: Will the Fed increase interest rates by 50+ bps after the January 2027 meeting?: price on each venue, the fee, 24h volume and liquidity, with a link to trade
VenueYesNoFee24h volumeLiquidity
PolymarketClose-only for US residents1¢cheapest to buy99¢free$0$110KTrade →
Kalshi$50 bonus3¢98¢0.2¢$0–Trade →
Updated Fee: the taker fee on one contract at the price shown, as each venue publishes it; Polymarket’s is its international book.

Will the Fed decrease interest rates by 25 bps after the January 2027 meeting?

Yes: Will the Fed decrease interest rates by 25 bps after the January 2027 meeting?: price on each venue, the fee, 24h volume and liquidity, with a link to trade
VenueYesNoFee24h volumeLiquidity
PolymarketClose-only for US residents1¢cheapest to buy99¢free$10K$105KTrade →
Kalshi$50 bonus2¢99¢0.1¢$1–Trade →
Updated Fee: the taker fee on one contract at the price shown, as each venue publishes it; Polymarket’s is its international book.

Will the Fed decrease interest rates by 50+ bps after the January 2027 meeting?

Yes: Will the Fed decrease interest rates by 50+ bps after the January 2027 meeting?: price on each venue, the fee, 24h volume and liquidity, with a link to trade
VenueYesNoFee24h volumeLiquidity
PolymarketClose-only for US residents1¢99¢free$700$142KTrade →
Kalshi$50 bonus1¢>99¢<0.1¢$0–Trade →
Updated Fee: the taker fee on one contract at the price shown, as each venue publishes it; Polymarket’s is its international book.

How the odds have moved

Kalshi · Fed maintains rate
64%▲ 1.5 pts since Oct 18
Yes price
Oct 1853% – 64% scaleOct 25

Kalshi's own series for the outcome the headline prices, from where its history starts; one venue, not a blend.

How this market resolves

The market asks: “Will the Federal Reserve Hike rates by 0bps at their January 2027 meeting?” Each outcome is its own contract: it pays $1 if it is the answer, and nothing if not. Kalshi publishes the full settlement rules on the market's page. Read them on Kalshi (opens in a new tab)

Scheduled resolution: Jan 27, 2027.

How to trade this market on Kalshi

  1. Check your state first. A few states restrict some contracts.
  2. Open a Kalshi account. Our Kalshi review covers sign-up and payouts.
  3. Buy Yes or No at the price shown, 64¢ for Fed maintains rate right now. Each contract pays $1 if you are right.
  4. Sell any time before it settles, or hold to the result. Kalshi's fees apply to each trade.

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Common questions

What are the Kalshi odds on Fed decision in Jan 2027?

On Kalshi, the favourite is Fed maintains rate, at 64%. That is a market-implied probability, not a forecast, and it moves as traders buy and sell.

How does this market resolve?

By Kalshi's own settlement rules for this market. Two venues can word the same question differently and settle differently, so read them before you trade.

Is this question on Polymarket too?

Yes. Polymarket's page has its prices and rules. The 5 questions both venues price are compared above, each with its own side-by-side page.

Can I trade this market in my state?

In most states, yes, on Kalshi. A few states have acted against some contracts. Check your state first.

How accurate are Kalshi odds?

Often more accurate than polls, though never certain. A price of 70% should lose three times in ten. How accurate prediction markets are has the research.

What does it cost to trade on Kalshi?

A trading fee on each contract, largest near 50¢ and smaller towards either end. Kalshi's fees has the formula.