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Will NDAA become law? on Kalshi
If legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year has become law after Issuance and before Jan 1, 2027, then the market resolves to Yes.
Settles on: White House, Library of Congress.
The cover charge
| If you buy at | Fee per contract | On $50 | Win rate to break even |
|---|---|---|---|
| 30¢ | 1.5¢ | $2.45 | 31.5% |
| 50¢ | 1.8¢ | $1.75 | 51.7% |
| 66¢ (now) | 1.6¢ | $1.19 | 67.6% |
| 70¢ | 1.5¢ | $1.05 | 71.5% |
| 90¢ | 0.6¢ | $0.35 | 90.6% |
Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.
Open contracts right now
| Contract | YES price | Implied | Fee at this price | Real-world odds | Luck needed | Volume | Closes |
|---|---|---|---|---|---|---|---|
| Will legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year become law before Dec 1, 2026? · Before Dec 1, 2026 | 0¢ | 0% | 0.0¢ | — | 1% | 2,760 | Dec 01, 15:00 UTC |
| Will legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year become law before Dec 15, 2026? · Before Dec 15, 2026 | 16¢ | 16% | 0.9¢ | — | 32% | 2,478 | Dec 15, 15:00 UTC |
| Will legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year become law before Feb 1, 2027? · Before Feb 1, 2027 | 84¢ | 84% | 0.9¢ | — | 32% | 514 | Feb 01, 15:00 UTC |
| Will legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year become law before Dec 25, 2026? · Before Dec 25, 2026 | 66¢ | 66% | 1.6¢ | — | 68% | 499 | Dec 25, 15:00 UTC |
| Will legislation designated as, or substantively serving as, the National Defense Authorization Act for Fiscal Year 2027 by authorizing national defense programs or defense policy for that fiscal year become law before Jan 1, 2027? · Before Jan 1, 2027 | 77¢ | 77% | 1.2¢ | — | 46% | 408 | Jan 01, 15:00 UTC |
Who actually wins this market
- Whoever posts the resting orders and collects the spread without paying a fee.
- The venue, on every fee.
- Not, on average, the person clicking buy because the chart is going their way. That was us.
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