First Circuit rules on Harvard's federal funding appeal·closes in 28mo

Will the U.S. Court of Appeals for the First Circuit rule affirms in its entirety the district court's October 20, 2025 final judgment for Harvard?

YES means Before 2029

24h volume
16
7,167 lifetime
Open interest
2,782
+2,382 over 90d
Spread
22¢
3 × 10 at the touch
24h range
32¢ – 82¢
47 recent trades
Chance of YES
82%+53

A YES contract costs 78¢ and pays $1 if it happens.

NO
18%

costs 44¢

YES bid / ask
56¢ / 78¢
NO bid / ask
22¢ / 44¢
24h low 32¢24h high 82¢
Recent buying16% YES · 84% 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.

25¢50¢75¢volAug 25Sep 21

Order book

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

Yes ask (no bid)SizeYes
  • ask1,17095¢
  • ask14594¢
  • ask12292¢
  • ask13591¢
  • ask11388¢
  • ask1,00080¢
  • ask6179¢
  • ask1078¢
spread22¢mid 67¢
  • bid356¢
  • bid555¢
  • bid154¢
  • bid541¢
  • bid1031¢
  • bid55030¢
  • bid2,77129¢
  • bid2,03420¢
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If the U.S. Court of Appeals for the First Circuit affirms in its entirety the district court's October 20, 2025 final judgment for Harvard in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.) before Jan 1, 2029, then the market resolves to Yes.

A qualifying ruling must be a written order, opinion, judgment or decision of the U.S. Court of Appeals for the First Circuit disposing of the government's appeal in President and Fellows of Harvard College v. U.S. Department of Health and Human Services, No. 25-2230 (1st Cir.). The companion appeal No. 25-2231 (American Association of University Professors, et al. v. U.S. Department of Justice, et al.), arising from the related district court case No. 1:25-cv-10910 (D. Mass.) and briefed on the same schedule, counts only where the same disposition also disposes of No. 25-2230. "In its entirety" means the court affirms the judgment and reverses, vacates, modifies or remands no part of it. These resolve to NO: A disposition affirming in part and reversing, vacating, modifying or remanding in part, however small the part, including a partial ruling that some or all of Harvard's claims belong exclusively in the Court of Federal Claims under the Tucker Act Reversal or vacatur of the whole judgment Dismissal of the appeal for lack of jurisdiction or on any other ground Dismissal of the appeal on mootness grounds, including a Munsingwear vacatur The following do NOT satisfy the Payout Criterion: Oral rulings from the bench unless reduced to a written order Tentative rulings that are not made final Draft opinions that leak but are not officially issued Settlements or voluntary dismissals Administrative or scheduling orders Orders to show cause Minute orders that do not address the substantive issue in the specified judgment A qualifying ruling settles the market when issued; a later grant of rehearing, rehearing en banc or Supreme Court review does NOT unwind it.

opened
Aug 24 · 2:00 PM UTC
closes
Jan 1, 2029 · 4:59 AM UTC · may close early
settles by
Jan 1, 2029 · 3:00 PM UTC
ticker
KXHARVARDFUNDAPPEAL-HHS29
Trade it on kalshi.com

This event

Outcomes in this event settle independently.

This is the only market in First Circuit fully affirms Harvard funding ruling?.

Recent trades

Over the last 47 trades, 16% of contracts were bought on the YES side.

WhenYESContractsSide
7h ago82¢1bought yes
7h ago53¢4bought yes
7h ago53¢1bought yes
7h ago52¢5bought yes
16h ago32¢5bought no
7d ago29¢190bought no
7d ago30¢5bought no
7d ago30¢5bought no
8d ago32¢5bought yes
8d ago35¢21bought yes
8d ago32¢2bought yes
9d ago29¢800bought no
22d ago31¢64bought no
22d ago31¢25bought no
22d ago32¢10bought yes

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.