When will CMS announce Part D coverage of GLP-1 drugs for obesity?·closes in 28mo

Will CMS announce the addition of GLP-1 drugs for obesity to Part D before Jan 20, 2029?

YES means Before Jan 20, 2029

24h volume
10
5,898 lifetime
Open interest
646
Spread
80 × 200 at the touch
24h range
40 recent trades
Chance of YES
53%1

A YES contract costs 52¢ and pays $1 if it happens.

NO
47%

costs 50¢

YES bid / ask
50¢ / 52¢
NO bid / ask
48¢ / 50¢
Recent buying91% YES · 9% 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.

Not enough history to chart.

Order book

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

Yes ask (no bid)SizeYes
  • ask46190¢
  • ask5887¢
  • ask1,48086¢
  • ask36585¢
  • ask65277¢
  • ask6376¢
  • ask875¢
  • ask20052¢
spreadmid 51¢
  • bid8050¢
  • bid38049¢
  • bid20046¢
  • bid138
  • bid101
  • bid5,000
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If CMS announces the addition of GLP-1 drugs for obesity to Part D before Jan 20, 2029, then the market resolves to Yes.

GLP-1 drugs are already covered under Part D for type 2 diabetes, cardiovascular risk reduction and obstructive sleep apnea. Those indications are outside this market, which turns on coverage for obesity or chronic weight management. Only a completed CMS action that provides the coverage counts, such as a final rule, a finalized model design, or guidance to Part D sponsors through the Health Plan Management System. Where the White House or HHS makes the determination, the CMS document adopting it resolves this market, on the date of that document. The following do NOT resolve this market to YES: A CMS communication that discusses, studies or reports on such coverage. A proposed rule or a request for applications, which propose coverage rather than provide it. An action that considers the change and declines to make it. The Medicare GLP-1 Bridge, or extending or replacing it, because it sits outside the Part D benefit. An announcement covering only the Medicaid portion of the BALANCE Model. Coverage of a single drug, or of a subset of Part D enrollees, is sufficient. The announcement date governs, not the date coverage takes effect.

opened
Aug 24 · 2:00 PM UTC
closes
Jan 20, 2029 · 4:59 AM UTC · may close early
settles by
Jan 27, 2029 · 3:00 PM UTC
ticker
KXPARTDGLP1-26AUG-29JAN20
Trade it on kalshi.com

Other outcomes in this event

Outcomes in this event settle independently.

Recent trades

Over the last 40 trades, 91% of contracts were bought on the YES side.

WhenYESContractsSide
57m ago53¢5bought yes
59m ago54¢5bought yes
2d ago54¢0.88bought yes
7d ago53¢100bought yes
19d ago49¢95bought no
19d ago50¢5bought no
21d ago54¢27bought yes
22d ago53¢200bought yes
22d ago52¢29bought yes
22d ago52¢100bought yes
22d ago52¢200bought yes
24d ago49¢25bought yes
24d ago49¢200bought yes
24d ago49¢500bought yes
24d ago49¢200bought 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.