Markets › Kalshi › Elections
Welsh Local Elections: Most Councillors Won on Kalshi
If Reform UK wins the most councillors in Wales's May 6, 2027 council elections, then the market resolves to Yes.
Settles on: BBC News.
Market says (typical open contract)
32%
Median YES price across 3 open contracts, 10 Nov 2026 04:28 UTC.
Real-world odds
—
No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.
Luck needed meter
64% 😈
Half luck. The favorite is clear, the fee is not small, and the payout on the favorite is thin.
The cover charge
| If you buy at | Fee per contract | On $50 | Win rate to break even |
|---|---|---|---|
| 30¢ | 1.5¢ | $2.45 | 31.5% |
| 32¢ (now) | 1.5¢ | $2.38 | 33.5% |
| 50¢ | 1.8¢ | $1.75 | 51.7% |
| 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 Reform UK win the most councillors in Wales's May 6, 2027 council elections? · Reform UK | 20¢ | 20% | 1.1¢ | — | 41% | 0 | May 06, 14:00 UTC |
| Will Plaid Cymru win the most councillors in Wales's May 6, 2027 council elections? · Plaid Cymru | 44¢ | 44% | 1.7¢ | — | 88% | 0 | May 06, 14:00 UTC |
| Will Labour win the most councillors in Wales's May 6, 2027 council elections? · Labour | 32¢ | 32% | 1.5¢ | — | 64% | 0 | May 06, 14:00 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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