Settlement Price

Worked example

If you own both YES and NO contracts on a single event and it resolves YES, you receive $1 for the YES contract and $0 for the NO contract. If you bought YES at 42¢ and NO at 56¢ (sum 98¢), your total cost is 0.98. Your edge upon settlement is $0.02 minus fees if the YES outcome occurs.

FAQ

What is the settlement price for Kalshi binary contracts?

In Kalshi, settlement results in $1 to the winning side and $0 to the losing side; the settlement price is effectively the $1 payout for the winning contract and $0 for the loser.

How is the settlement determined?

Settlement is determined by Kalshi’s resolution rule, which specifies the data source and threshold. It is not торговли by any oracle and is final per Kalshi’s rules.

Does settlement price affect my tradable price during the contract’s life?

No. The settlement price affects only payouts at resolution; intramarket prices reflect current supply/demand and are separate from final settlement values.

Related terms

• Yes Contract
  A YES contract is the binary Kalshi market side that pays $1 if the event resolves true, $0 otherwise.
• No Contract
  The NO contract is the opposite side of a binary Kalshi market, paying $1 if the event does not occur.
• Best Ask
  The lowest price sellers are willing to accept for a contract side (YES/NO) on the current Kalshi order book.
• Best Bid
  The highest price investors are willing to pay for a YES or NO side of a Kalshi market.
• Event Ticker
  A code that groups mutually exclusive Kalshi markets under one event (e.g., CPIYY-26MAR) and links its child YES/NO contracts.
• Tick Size
  Tick size is the minimum price increment by which Kalshi contract prices can move (1 cent).