Kalshi market structure lab
Senate seat-count ladder
Choose a Democratic seat, Above or Below, and Buy YES or Buy NO. Compare the two Republican hedges for that exact trade.
Assumption: D + R = 100
Estimated Kalshi taker fees included
Public order books · no orders submitted
Awaiting first snapshot
Waiting for quotes
Choose the Democratic seat trade
Include the clicked seat:
Waiting for live package prices…Selected outcomeBest D legsBest R legs
DemocratsFebruary 1, 2027 composition
50 D ↔ 50 R at the center
RepublicansClick a seat to set the aligned Democratic seat count
Buy YES D ≥ 45
The contract baskets settle on the same cumulative outcome.
| Contract | YES bid | YES ask | Top ask size |
|---|---|---|---|
| Waiting for live quotes… | |||
An order book lists YES and NO bids. A YES ask is calculated as $1 minus the best NO bid; a NO ask is $1 minus the best YES bid. Prices below use available levels for your selected quantity.
Settlement construction
Net P&L includes estimated entry taker fees. Fixed payout requires every listed leg to fill and D + R = 100.
Best annualized return
Highest after-fee return across complete D/R seat-cutoff baskets, annualized to the projected February 1, 2027 payout.
Waiting for live order-book data.