Verbatim from the venue. The analyst must quote these, never paraphrase.
If the Federal Reserve does a Cut of 25bps on January 27, 2027, then the market resolves to Yes.
This market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for "Fed maintains rate" will resolve to Yes and all others will resolve to No.
opens
Sep 29, 2025 · 2:00 PM UTC
closes
Jan 27, 2027 · 6:59 PM UTC · may close early
expires
Jan 27, 2027 · 7:05 PM UTC
Recent trades
Most recent first. Price is the YES side.
No trades yet.
Raw payload
Exactly what the API returned for this market.
Show JSON
market41
can_close_earlytrue
close_time2027-01-27T18:59:00Z
created_time2025-09-26T15:31:13.070811Z
custom_strike1
Yes ask (no bid)SizeYes
ask2425¢
ask15015¢
ask30014¢
ask1,27813¢
ask22411¢
ask22210¢
ask19¢
ask7,5978¢
spread4¢mid 6¢
bid294¢
bid2933¢
bid7872¢
bid53.0k1¢
Yes bid (no ask)SizeYes
Cut
25
event_tickerKXFEDDECISION-27JAN
exchange_index0
expected_expiration_time2027-01-27T19:05:00Z
expiration_time2027-04-28T19:01:00Z
expiration_value
last_price_dollars0.0400
latest_expiration_time2027-04-28T19:01:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9600
no_bid_dollars0.9200
no_sub_titleCut 25bps
notional_value_dollars1.0000
open_interest_fp10669.06
open_time2025-09-29T14:00:00Z
previous_price_dollars0.0400
previous_yes_ask_dollars0.0400
previous_yes_bid_dollars0.0300
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf the Federal Reserve does a Cut of 25bps on January 27, 2027, then the market resolves to Yes.
rules_secondaryThis market is mutually exclusive. Therefore, if the Federal Reserve hikes by 50bps, the 50bps market will resolve to Yes and the 25bps market will resolve to No. Only one bucket, at maximum, can resolve to Yes. Note 4/28/25: For the markets beginning after the May meeting, if a scheduled FOMC meeting is canceled and does not occur on its scheduled date, then the strike for "Fed maintains rate" will resolve to Yes and all others will resolve to No.
settlement_timer_seconds297
statusactive
strike_typecustom
subtitleCut 25bps
tickerKXFEDDECISION-27JAN-C25
titleWill the Federal Reserve Cut rates by 25bps at their January 2027 meeting?