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← Explore · Kalshi · Market KXWARSHOUT-26JUL-29JAN01

Will Kevin Warsh be out as chairman of the Board of Governors of the Federal Reserve System before Jan 1, 2029?

6.5% implied · bid 3.0¢ · ask 10.0¢

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A · Price & probability

The market prices this at 3.0%, down 3.5pt over 24h, on a 7.0¢ spread.

Implied probability3.0%
Bid / ask / mid3.0¢ / 10.0¢ / 6.5¢
Spread7.0¢ (107.7%)
Change 24h-3.50pt
Change 7d-3.50pt
Longshot taxHistory says buyers here lost ~60%

B · Liquidity & flow

Thin (score 15/100) — trade small; large orders will move the price. Order book leans 0% to the ask (sellers).

Volume 24h$1
Volume qualityPro
Depth ±5¢ (bid/ask)$10 / $55
Imbalance0% bid
Large trades (>$1k)0
Liquidity score15.0 / 100

C · Momentum & volatility

RSI 35 (neutral); price is below its 7-day mean by 1.8σ — a mild deviation.

Z-score vs 7d mean-1.76
RSI (14, hourly)35.0
Realized vol 7d1.89pt
Change 1h+0.00pt

E · Time & structure

Resolves in 1161d 10h.

Time to resolve1161d 10h
Resolution sourcedocumented
Rules risklow (15)
Sum of outcomes100.0%

Price history

Probability timeline

Order-book depth

Cost to trade

Pro See what a live order would actually cost after walking the book, and the edge/EV/Kelly at that real price. Upgrade

Longshot tax — return by price bucket

History says buyers in the 0-10¢ bucket lost ~60% per $1, on average.

Other venues

Pro See the live Kalshi ↔ Polymarket gap, the after-fee combined cost of hedging both legs, and its history. Upgrade

How this settles

Settlement sources
DeadlineNot published.
Close → settlementExpected settlement is 8938.0h after scheduled close.

Summary

If Kevin Warsh leaves as chairman of the Board of Governors of the Federal Reserve System before Jan 1, 2029, then the market resolves to Yes.

Expanded rules

Kevin Warsh must have an actual departure date and vacate the role within the time period. If the person leaves the role due to death (i.e., if the person dies while holding the role), all contracts on the person may resolve to the last fair price as determined in the sole discretion of the Exchange. Temporary leaves of absence, suspensions, or recusals do not constitute leaving, resigning from, or retiring from the role unless the individual formally and permanently ceases to hold the position. If the person vacates the role and then re-occupies the role, the contract may settle on the initial vacation of the role. For "leave," cessation of holding the role qualifies, including resignation, retirement, removal, expulsion, expiration of term without renewal, recall, or other means by which the individual no longer occupies the role—this includes both voluntary and involuntary early departure AND the natural expiration of a term.