US democratic backsliding·closes in 32mo

Will the US fall below 7.25 during the Trump Administration on the Economist's Democracy Index between 2025 and 2028

YES means Below 7.25

24h volume
0
5,904 lifetime
Open interest
1,966
+0 over 7d
Spread
500 × 100 at the touch
24h range
8 recent trades
Chance of YES
44%

A YES contract costs 43¢ and pays $1 if it happens.

NO
56%

costs 59¢

YES bid / ask
41¢ / 43¢
NO bid / ask
57¢ / 59¢
Recent buying6% YES · 94% NO
What Galdor thinks

An independent read of this market

1Reads the rules literallySettlement source, close time, and the edge cases that flip an outcome.
2Checks the tape and the webOrder book, flow, price history, then targeted searches with sources.
3Gives a straight answerA probability with a band, and one of four calls: YES, NO, wait, or stay out.

Generated by an AI analyst from live exchange data and public web sources. Research and analytics, not investment advice. Markets can move after this was written.

Price history

YES price per candle with the bid/ask band, volume underneath. Times in UTC.

10¢20¢30¢40¢50¢volSep 15Sep 20

Order book

Resting orders, both sides shown as YES prices. Bars are size.

Yes ask (no bid)SizeYes
  • ask52287¢
  • ask36586¢
  • ask7.6775¢
  • ask28374¢
  • ask3873¢
  • ask8563¢
  • ask50049¢
  • ask10043¢
spreadmid 42¢
  • bid50041¢
  • bid113¢
  • bid393
  • bid2,283
  • bid1
  • bid666
  • bid9,888
  • bid25
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the United States falls below 7.25 in any year between 2025 and 2028 (inclusive) on the Economist's Democracy Index, then the market resolves to Yes.

Settlement sources
opened
Nov 13, 2024 · 3:00 AM UTC
closes
May 17, 2029 · 3:00 PM UTC · may close early
settles by
Dec 26, 2028 · 3:00 PM UTC
cap
7.25
ticker
KXDEMOCRACYUS-28-7.25
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 8 trades, 6% of contracts were bought on the YES side.

WhenYESContractsSide
6d ago44¢11bought yes
20d ago42¢1bought no
20d ago41¢141bought no
2mo ago43¢4.54bought no
2mo ago44¢4.54bought yes
2mo ago43¢4.1bought no
2mo ago43¢100bought no
2mo ago43¢0.96bought no

Prices are YES cost in cents and approximate the market’s implied probability. Data is read live from the Kalshi Trade API on every page load. galdor.xyz places no orders and holds no positions. Research and analytics, not investment advice.