The Prediction Markets

Strait of Hormuz traffic returns to normal by December 31?

Closes
Jan 1, 2027, in 2 months
Traded
$34.7M
Venues
Polymarket, Kalshi
Prices updated
3 h ago
Share

What the markets expect

Above 15 95.5%

Next is Above 20 at 84.5%. The venues list this event, but none of their outcomes are matched yet, so prices are shown separately.

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 3 h ago. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
Above 15
95.5%
Kalshi 97%polled, 3 h agoKalshi 91%polled, 3 h agoBest Yes 92¢ on Kalshi, $100 pays $109 (1.09x)
Kalshi
Contract
Above 15
Last price
97%
As of
Polled 3 h ago
Buy Yes
98¢
Sell Yes
97¢
$100 on Yes pays
$102 (1.02x)
Volume
$53K
Trade this on Kalshi
Kalshi
Contract
Above 15
Last price
91%
As of
Polled 3 h ago
Buy Yes
92¢
Sell Yes
91¢
$100 on Yes pays
$109 (1.09x)
Volume
$652
Trade this on Kalshi
Above 20
84.5%
Kalshi 90%polled, 3 h agoKalshi 79%polled, 3 h agoBest Yes 81¢ on Kalshi, $100 pays $123 (1.23x)
Kalshi
Contract
Above 20
Last price
90%
As of
Polled 3 h ago
Buy Yes
91¢
Sell Yes
89¢
$100 on Yes pays
$110 (1.10x)
Volume
$45K
Trade this on Kalshi
Kalshi
Contract
Above 20
Last price
79%
As of
Polled 3 h ago
Buy Yes
81¢
Sell Yes
79¢
$100 on Yes pays
$123 (1.23x)
Trade this on Kalshi
Above 23
65.8%
Kalshi 68%polled, 3 h agoKalshi 63.5%polled, 3 h agoBest Yes 64¢ on Kalshi, $100 pays $156 (1.56x)
Kalshi
Contract
Above 23
Last price
68%
As of
Polled 3 h ago
Buy Yes
70¢
Sell Yes
68¢
$100 on Yes pays
$143 (1.43x)
Volume
$3K
Trade this on Kalshi
Kalshi
Contract
Above 23
Last price
63.5%
As of
Polled 3 h ago
Buy Yes
64¢
Sell Yes
63¢
$100 on Yes pays
$156 (1.56x)
Trade this on Kalshi
Before Jan 1, 2029
59%
Kalshi 59%polled, 3 h agoBest Yes 60¢ on Kalshi, $100 pays $167 (1.67x)
Kalshi
Contract
Before Jan 1, 2029
Last price
59%
As of
Polled 3 h ago
Buy Yes
60¢
Sell Yes
59¢
$100 on Yes pays
$167 (1.67x)
Volume
$53K
Trade this on Kalshi
Before Jul 1, 2028
55%
Kalshi 55%polled, 3 h agoBest Yes 56¢ on Kalshi, $100 pays $179 (1.79x)
Kalshi
Contract
Before Jul 1, 2028
Last price
55%
As of
Polled 3 h ago
Buy Yes
56¢
Sell Yes
55¢
$100 on Yes pays
$179 (1.79x)
Volume
$45K
Trade this on Kalshi
Above 25
50.2%
Kalshi 48%polled, 3 h agoKalshi 52.5%polled, 3 h agoBest Yes 48¢ on Kalshi, $100 pays $208 (2.08x)
Kalshi
Contract
Above 25
Last price
48%
As of
Polled 3 h ago
Buy Yes
48¢
Sell Yes
47¢
$100 on Yes pays
$208 (2.08x)
Volume
$8K
Trade this on Kalshi
Kalshi
Contract
Above 25
Last price
52.5%
As of
Polled 3 h ago
Buy Yes
53¢
Sell Yes
52¢
$100 on Yes pays
$189 (1.89x)
Trade this on Kalshi
Before Jan 1, 2028
48%
Kalshi 48%polled, 3 h agoBest Yes 49¢ on Kalshi, $100 pays $204 (2.04x)
Kalshi
Contract
Before Jan 1, 2028
Last price
48%
As of
Polled 3 h ago
Buy Yes
49¢
Sell Yes
48¢
$100 on Yes pays
$204 (2.04x)
Volume
$75K
Trade this on Kalshi
Before Nov 1, 2027
42%
Kalshi 42%polled, 3 h agoBest Yes 42¢ on Kalshi, $100 pays $238 (2.38x)
Kalshi
Contract
Before Nov 1, 2027
Last price
42%
As of
Polled 3 h ago
Buy Yes
42¢
Sell Yes
41¢
$100 on Yes pays
$238 (2.38x)
Volume
$74K
Trade this on Kalshi
Before Dec 1, 2027
40%
Kalshi 40%polled, 3 h agoBest Yes 41¢ on Kalshi, $100 pays $244 (2.44x)
Kalshi
Contract
Before Dec 1, 2027
Last price
40%
As of
Polled 3 h ago
Buy Yes
41¢
Sell Yes
40¢
$100 on Yes pays
$244 (2.44x)
Volume
$8K
Trade this on Kalshi
Before Oct 1, 2027
36%
Kalshi 36%polled, 3 h agoBest Yes 37¢ on Kalshi, $100 pays $270 (2.70x)
Kalshi
Contract
Before Oct 1, 2027
Last price
36%
As of
Polled 3 h ago
Buy Yes
37¢
Sell Yes
36¢
$100 on Yes pays
$270 (2.70x)
Volume
$1K
Trade this on Kalshi
Show 17 more outcomes
Before Sep 1, 2027
34%
Kalshi 34%polled, 3 h agoBest Yes 35¢ on Kalshi, $100 pays $286 (2.86x)
Kalshi
Contract
Before Sep 1, 2027
Last price
34%
As of
Polled 3 h ago
Buy Yes
35¢
Sell Yes
33¢
$100 on Yes pays
$286 (2.86x)
Volume
$1K
Trade this on Kalshi
Before Aug 1, 2027
33%
Kalshi 33%polled, 3 h agoBest Yes 33¢ on Kalshi, $100 pays $303 (3.03x)
Kalshi
Contract
Before Aug 1, 2027
Last price
33%
As of
Polled 3 h ago
Buy Yes
33¢
Sell Yes
32¢
$100 on Yes pays
$303 (3.03x)
Volume
$2K
Trade this on Kalshi
Before Jul 1, 2027
31%
Kalshi 31%polled, 3 h agoBest Yes 31¢ on Kalshi, $100 pays $323 (3.23x)
Kalshi
Contract
Before Jul 1, 2027
Last price
31%
As of
Polled 3 h ago
Buy Yes
31¢
Sell Yes
30¢
$100 on Yes pays
$323 (3.23x)
Volume
$1.6M
Trade this on Kalshi
Above 27
26.5%
Kalshi 24%polled, 3 h agoKalshi 34%polled, 3 h agoBest Yes 24¢ on Kalshi, $100 pays $417 (4.17x)
Kalshi
Contract
Above 27
Last price
24%
As of
Polled 3 h ago
Buy Yes
24¢
Sell Yes
22¢
$100 on Yes pays
$417 (4.17x)
Volume
$7K
Trade this on Kalshi
Kalshi
Contract
Above 27
Last price
34%
As of
Polled 3 h ago
Buy Yes
35¢
Sell Yes
34¢
$100 on Yes pays
$286 (2.86x)
Volume
$15
Trade this on Kalshi
Before Jun 1, 2027
25%
Kalshi 25%polled, 3 h agoBest Yes 25¢ on Kalshi, $100 pays $400 (4.00x)
Kalshi
Contract
Before Jun 1, 2027
Last price
25%
As of
Polled 3 h ago
Buy Yes
25¢
Sell Yes
24¢
$100 on Yes pays
$400 (4.00x)
Volume
$838
Trade this on Kalshi
Before May 1, 2027
20%
Kalshi 20%polled, 3 h agoBest Yes 21¢ on Kalshi, $100 pays $476 (4.76x)
Kalshi
Contract
Before May 1, 2027
Last price
20%
As of
Polled 3 h ago
Buy Yes
21¢
Sell Yes
19¢
$100 on Yes pays
$476 (4.76x)
Volume
$4K
Trade this on Kalshi
Before Apr 1, 2027
17%
Kalshi 17%polled, 3 h agoBest Yes 18¢ on Kalshi, $100 pays $556 (5.56x)
Kalshi
Contract
Before Apr 1, 2027
Last price
17%
As of
Polled 3 h ago
Buy Yes
18¢
Sell Yes
17¢
$100 on Yes pays
$556 (5.56x)
Volume
$843K
Trade this on Kalshi
Before Mar 1, 2027
15%
Kalshi 15%polled, 3 h agoBest Yes 15¢ on Kalshi, $100 pays $667 (6.67x)
Kalshi
Contract
Before Mar 1, 2027
Last price
15%
As of
Polled 3 h ago
Buy Yes
15¢
Sell Yes
14¢
$100 on Yes pays
$667 (6.67x)
Volume
$2K
Trade this on Kalshi
Above 30
12.5%
Kalshi 8%polled, 3 h agoKalshi 26%polled, 3 h agoBest Yes 8¢ on Kalshi, $100 pays $1,250 (12.5x)
Kalshi
Contract
Above 30
Last price
8%
As of
Polled 3 h ago
Buy Yes
8¢
Sell Yes
7¢
$100 on Yes pays
$1,250 (12.5x)
Volume
$13K
Trade this on Kalshi
Kalshi
Contract
Above 30
Last price
26%
As of
Polled 3 h ago
Buy Yes
29¢
Sell Yes
26¢
$100 on Yes pays
$345 (3.45x)
Volume
$666
Trade this on Kalshi
Yes
11.5%
Polymarket 11.5%polled, 3 h agoBest Yes 12¢ on Polymarket, $100 pays $833 (8.33x)
Polymarket
Contract
Yes
Last price
11.5%
As of
Polled 3 h ago
Buy Yes
12¢
Sell Yes
11¢
$100 on Yes pays
$833 (8.33x)
Volume
$15.5M
Trade this on Polymarket
Above 35
8%
Kalshi 3%polled, 3 h agoKalshi 13%polled, 3 h agoBest Yes 3¢ on Kalshi, $100 pays $3,333 (33.3x)
Kalshi
Contract
Above 35
Last price
3%
As of
Polled 3 h ago
Buy Yes
3¢
Sell Yes
2¢
$100 on Yes pays
$3,333 (33.3x)
Volume
$32K
Trade this on Kalshi
Kalshi
Contract
Above 35
Last price
13%
As of
Polled 3 h ago
Buy Yes
14¢
Sell Yes
12¢
$100 on Yes pays
$714 (7.14x)
Trade this on Kalshi
Before Feb 1, 2027
8%
Kalshi 8%polled, 3 h agoBest Yes 10¢ on Kalshi, $100 pays $1,000 (10.0x)
Kalshi
Contract
Before Feb 1, 2027
Last price
8%
As of
Polled 3 h ago
Buy Yes
10¢
Sell Yes
8¢
$100 on Yes pays
$1,000 (10.0x)
Volume
$5K
Trade this on Kalshi
Before Jan 1, 2027
7.8%
Kalshi 7.8%polled, 3 h agoBest Yes 7.8¢ on Kalshi, $100 pays $1,282 (12.8x)
Kalshi
Contract
Before Jan 1, 2027
Last price
7.8%
As of
Polled 3 h ago
Buy Yes
7.8¢
Sell Yes
7.6¢
$100 on Yes pays
$1,282 (12.8x)
Volume
$3.4M
Trade this on Kalshi
Before Dec 1, 2026
4%
Kalshi 4%polled, 3 h agoBest Yes 5¢ on Kalshi, $100 pays $2,000 (20.0x)
Kalshi
Contract
Before Dec 1, 2026
Last price
4%
As of
Polled 3 h ago
Buy Yes
5¢
Sell Yes
4¢
$100 on Yes pays
$2,000 (20.0x)
Volume
$1.5M
Trade this on Kalshi
Above 40
1.5%
Kalshi 1%polled, 3 h agoKalshi 3%polled, 3 h agoBest Yes 2¢ on Kalshi, $100 pays $5,000 (50.0x)
Kalshi
Contract
Above 40
Last price
1%
As of
Polled 3 h ago
Buy Yes
2¢
Sell Yes
1¢
$100 on Yes pays
$5,000 (50.0x)
Volume
$34K
Trade this on Kalshi
Kalshi
Contract
Above 40
Last price
3%
As of
Polled 3 h ago
Buy Yes
4¢
Sell Yes
3¢
$100 on Yes pays
$2,500 (25.0x)
Volume
$331
Trade this on Kalshi
Above 50
1%
Kalshi 1%polled, 3 h agoKalshi 1%polled, 3 h agoBest Yes 1¢ on Kalshi, $100 pays $10,000 (100x)
Kalshi
Contract
Above 50
Last price
1%
As of
Polled 3 h ago
Buy Yes
1¢
Sell Yes
—
$100 on Yes pays
$10,000 (100x)
Volume
$41K
Trade this on Kalshi
Kalshi
Contract
Above 50
Last price
1%
As of
Polled 3 h ago
Buy Yes
2¢
Sell Yes
1¢
$100 on Yes pays
$5,000 (50.0x)
Volume
$4K
Trade this on Kalshi
Before Nov 1, 2026
1%
Kalshi 1%polled, 3 h agoBest Yes 2¢ on Kalshi, $100 pays $5,000 (50.0x)
Kalshi
Contract
Before Nov 1, 2026
Last price
1%
As of
Polled 3 h ago
Buy Yes
2¢
Sell Yes
1¢
$100 on Yes pays
$5,000 (50.0x)
Volume
$2.8M
Trade this on Kalshi

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: portwatch.imf.org
Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: IMF PortWatch

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • Above 15
  • Above 20
  • Above 23

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Polymarket

Polymarket doesn’t list Above 15 for this event.

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

$
Buy

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Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.04 × price × (1 − price) per share (politics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Strait of Hormuz traffic returns to normal by December 31?". Above 15 leads at 95.5%. Next is Above 20 at 84.5%. $34.7M has traded across 27 outcomes on Kalshi and Polymarket. The market is expected to resolve by Jan 1, 2027.

This market will resolve to “Yes” if IMF Portwatch publishes a 7-day moving average of transit calls (“Arrivals of Ships”) for the Strait of Hormuz equal to or above 60 for any date between market creation and December 31, 2026. Otherwise, this market will resolve to “No”. Daily transit calls include container, dry bulk, roll-on/roll-off, general cargo, and tanker ships. Ships not reported by IMF Portwatch will not be considered. This market will resolve as soon as IMF Portwatch publishes a 7-day moving average of transit calls equal to or above the specified level, or once data has been published for the final date in the specified period and no such value has been published. If no data has been published for the final date of the specified period within 14 calendar days (ET) after the end of that period, this market will resolve based on data published up to that point. Revisions to previously published data points made within this market’s timeframe will be considered. However, they will not disqualify a previously published data point from qualifying. Revisions to previously published data points after data is published for December 31, 2026, however, will not be considered. In case of obvious data integrity issues (i.e., erroneous data), the market may remain open until the end of the third calendar day (ET) after the date on which such data is first released to allow for corrections. Data integrity issues refer only to clerical or other similar errors in the underlying data, and do not include cases where IMF Portwatch differs from alternative sources. The resolution source for this market will be IMF Portwatch, specifically the transit calls data published for the Strait of Hormuz at https://portwatch.imf.org/pages/cb5856222a5b4105adc6ee7e880a1730, both in the chart and through downloadable files.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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