The Prediction Markets

Fed decision in Apr 2027?

Closes
Apr 28, 2027, in 6 months
Traded
$63K
Venues
Kalshi
Prices updated
2 min ago
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What the markets expect

Fed maintains rate 57%

Next is Hike >25bps at 31.8%. Only Kalshi lists this market, so there is no second price to compare.

Fed maintains rate 57%Hike >25bps 31.8%Cut 25bps 6.6%Cut 25bps 3.7%Hike >25bps 0.9%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. 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 2 min ago. Ages are as of when this page was built.

  • Kalshi
Fed maintains rate
57%
Kalshi 61%(57% fair)polled, 2 min agoBest Yes 63¢ on Kalshi, $100 pays $159 (1.59x)
Kalshi
Contract
Fed maintains rate
Last price
61%
Fair, margin removed
57%
As of
Polled 2 min ago
Buy Yes
63¢
Sell Yes
53¢
$100 on Yes pays
$159 (1.59x)
Volume
$22K
Trade this on Kalshi
Hike >25bps
31.8%
Kalshi 34%(31.8% fair)polled, 2 min agoBest Yes 34¢ on Kalshi, $100 pays $294 (2.94x)
Kalshi
Contract
Hike 25bps
Last price
34%
Fair, margin removed
31.8%
As of
Polled 2 min ago
Buy Yes
34¢
Sell Yes
24¢
$100 on Yes pays
$294 (2.94x)
Volume
$7K
Trade this on Kalshi
Cut 25bps
6.6%
Kalshi 7%polled, 2 min agoBest Yes 7¢ on Kalshi, $100 pays $1,429 (14.3x)
Kalshi
Contract
Cut 25bps
Last price
7%
As of
Polled 2 min ago
Buy Yes
7¢
Sell Yes
6¢
$100 on Yes pays
$1,429 (14.3x)
Volume
$6K
Trade this on Kalshi
Cut 25bps
3.7%
Kalshi 4%polled, 2 min agoBest Yes 4¢ on Kalshi, $100 pays $2,500 (25.0x)
Kalshi
Contract
Cut >25bps
Last price
4%
As of
Polled 2 min ago
Buy Yes
4¢
Sell Yes
3¢
$100 on Yes pays
$2,500 (25.0x)
Volume
$4K
Trade this on Kalshi
Hike >25bps
0.9%
Kalshi 1%polled, 2 min agoBest Yes 2¢ on Kalshi, $100 pays $5,000 (50.0x)
Kalshi
Contract
Hike >25bps
Last price
1%
As of
Polled 2 min ago
Buy Yes
2¢
Sell Yes
1¢
$100 on Yes pays
$5,000 (50.0x)
Volume
$23K
Trade this on Kalshi

Who resolves this market

Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: Federal Reserve

How the odds have moved

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

  • Fed maintains rate
  • Hike >25bps
  • Cut 25bps

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.

Kalshi

Open on Kalshi ↗

Top of book

Connecting
Best bid
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Spread
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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 0.05 × price × (1 − price) per share (economics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Fed decision in Apr 2027?". Fed maintains rate leads at 57%. Next is Hike >25bps at 31.8%. $63K has traded across 5 outcomes on Kalshi. The market is expected to resolve by Apr 28, 2027.

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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