Kalshi market

Kalshi 2028 Presidential Election odds

On Kalshi, the favourite is Democratic party, at 59%. The market settles by Jan 21, 2029, and $8K traded in the last 24 hours. Each contract pays $1 if it is right, so 59¢ reads as a 59% chance. We have not matched it to a Polymarket market yet, so there is no second price.

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This question also has a permanent page: 2028 US presidential election odds

Kalshi · odds · updated

Democratic party59%
Republican party42%
$8K
24h volume on Kalshi
$593K
total volume on Kalshi
$270K
open interest
Jan 21, 2029
settles

Kalshi odds on every outcome

Kalshi odds on each outcome of 2028 Presidential Election
OutcomeChanceYes price24h volume
Democratic party59%59¢$8KTrade
Republican party42%42¢$86Trade

Chance is each outcome's Yes price on Kalshi. A Yes contract at 59¢ pays $1 if that outcome wins.

How the odds have moved

Kalshi · Democratic party
59%▼ 0.5 pts since Sep 28
Yes price
Sep 2850% – 68% scaleOct 5

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 Democratic win the Presidency in 2028?” A Yes contract pays $1 if the answer is yes, 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 21, 2029.

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, 59¢ for Democratic party 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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Not on Polymarket here yet: we have not matched this question to a Polymarket market, so there is no second price to compare. Kalshi vs Polymarket compares the two venues.

Common questions

What are the Kalshi odds on 2028 Presidential Election?

On Kalshi, the favourite is Democratic party, at 59%. 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?

We have not matched it to a Polymarket market yet. When we do, both prices appear side by side here.

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.