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KalshiCloses January 1, 2027

Jacob Frey out as Mayor of Minneapolis?

The market puts it at 2.4% — a very long shot — on Kalshi, as of Nov 10, 17:14 UTC. It's down 6 points in the last 24 hours.

Yes 2.4% ▼ 6 pts · 24h

The odds

as of Nov 10, 17:14 UTC
  • Chance of yes 2.4% −6
Traded today$522
Traded in all$32K
Yes, 7 days−2.6 pts

Yes, the last 7 days

Kalshi price
25%50%75%Nov 2Nov 102%

Nov 2: 4% · Nov 3: 5% · Nov 4: 4.1% · Nov 5: 4.1% · Nov 6: 4.1% · Nov 7: 4% · Nov 9: 2.3% · Nov 10: 2.4%

How it resolves

Kalshi's rule, word for word
If Jacob Frey leaves as Mayor of Minneapolis before Jan 1, 2027, then the market resolves to Yes. Jacob Frey 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, expiration of term without renewal, recall, or other means by which the individual no longer occupies the role—this includes both voluntary early departure AND the natural expiration of a term.

Settlement sources: Bloomberg News; CNN; Fox News; MSNBC; City of Minneapolis; Jacob Frey; Politico; Reuters; the Associated Press; the New York Times; The Wall Street Journal; The Washington Post

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