Will the Bank of Brazil make no change to the target for the Selic rate at the November meeting? Odds and prices
Markets price "Will the Bank of Brazil make no change to the target for the Selic rate at the November meeting" at 9%, with 2 venues quoting at the same price. The contract settles by Nov 4, 2026; each venue words its settlement rules itself, compared below.
This question on Polymarket and Kalshi.
Odds by venue
| Venue | Yes | No | Fee | 24h volume | Liquidity | |
|---|---|---|---|---|---|---|
| Polymarket | 9¢ | 91¢ | 0.4¢ | $3K | $3K | Trade → |
| Kalshi | 9¢ | 91¢ | 0.5¢ | $299 | – | Trade → |
How the odds have moved
One venue's series for the result the headline prices, not a blend; venues tick at different cadences and interpolating one onto the other would invent points.
What the market is actually pricing
Venues word settlement differently for the same question, and the difference decides who gets paid. This is the comparison no venue publishes about its rivals.
This market will resolve according to the change in basis points in the target for the Selic rate resulting from the November 2026 meeting of the Bank of Brazil’s Monetary Policy Committee (COPOM),…
Full settlement wording
This market will resolve according to the change in basis points in the target for the Selic rate resulting from the November 2026 meeting of the Bank of Brazil’s Monetary Policy Committee (COPOM), relative to the level it was prior to this meeting.
The resolution source will be official information from the Bank of Brazil, including the statement or release from its November 2026 Monetary Policy Committee meeting, scheduled for November 3-4, 2026, as listed on the official Bank of Brazil calendar (https://www.bcb.gov.br/en/about/bcb-calendar?categoria=Monetary%20Policy%20Committee%20(Copom)). This market may resolve as soon as the statement or release of the Bank of Brazil's November 2026 Monetary Policy Committee meeting with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.
If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting. If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.
If the Central Bank of Brazil takes the action of maintain current rate at the November Monetary Policy Meeting, then the market resolves to Yes.
The market resolves based on the official policy rate decision announced by the central bank. For central banks with multiple policy rates, only changes to the primary policy rate count. If the meeting is cancelled or delayed past the expiration date, markets for "Maintain current rate" resolve to Yes and all others resolve to No. Emergency rate changes between scheduled meetings do not affect resolution of contracts tied to scheduled meetings.
Where you can trade this
The Trade links in the tables above open each venue's own market. The reviews cover sign-up, funding and payouts.
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Common questions
What are the odds on "Will the Bank of Brazil make no change to the target for the Selic rate at the November meeting"?
Markets currently price it at 9% across 2 venues, a market-implied probability rather than a forecast.
Where can I trade "Will the Bank of Brazil make no change to the target for the Selic rate at the November meeting"?
On Polymarket and Kalshi. Availability by state varies for sports contracts; see the legal pages.
Why do the venues show different prices?
Different traders, different fees, and different settlement wording. The gap is the reason this page exists; the cheaper side is marked in the table.