Traders give 2 (50 Bps) about a 88.5% chance. 3 (75 Bps) follows at 7.7%, 1 (25 Bps) follows at 2.6%, and 4 (100 Bps) follows at 0.1%. Compare prices from Kalshi, Polymarket, and Predict.fun. The largest cross-platform price difference is 1.9 percentage points.
Market RulebooksOfficial settlement criteria and edge cases
Market Rulebook: How many Fed rate hikes in 2026?
Official settlement criteria, resolution sources, and edge cases across Kalshi and Predict.fun.
Kalshi
Primary Rule
If the number of rate hikes by the Federal Open Market Committee during calendar year 2026 is exactly 1, then the market resolves to Yes.
Please note the following definition of a "rate hike": A single ‘hike’ is considered an increase in the upper bound by at least 1 basis point and up to and including 25 basis points. An increase of the upper bound of the target range 26-50 basis points hike is considered two hikes. An increase of the upper bound of the target range 51-75 basis points is considered three hikes.
This market will resolve according to the exact amount of hikes of 25 basis points in 2026 by the Fed (including any hikes made during the December meeting).
Emergency rate hikes outside of scheduled FOMC meetings will also count toward the total number of hikes in 2026. This market will remain open until December 31, 2026, 11:59 PM ET, to account for any such emergency actions.
For example, if the Fed hikes rates by 50 bps after a meeting, it would be considered 2 hikes (of 25 bps each).
This market will resolve early to "No" if the specified number of hikes becomes impossible — i.e., if more hikes have already occurred than the strike in question.
Note that hikes between 1–24 bps (inclusive) will also be considered 1 rate hike.
The resolution source for this market will be FOMC statements after meetings scheduled in 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm.
Frequently Asked Questions
When does the market resolve for the number of Fed rate hikes in 2026?
The market resolves on December 31, 2026, based on the total number of rate hikes announced by the Federal Reserve.
What factors influence the odds for Fed rate hikes in 2026?
Odds are influenced by economic data releases, inflation trends, and Federal Reserve communications regarding monetary policy.
How are the different outcomes for Fed rate hikes categorized?
Outcomes are categorized based on the total number of hikes, with specific thresholds such as 0, 1, 2, 3, 4, or 5+ hikes by the end of 2026.
How many Fed rate hikes in 2026: what does this prediction market track?
The outcomes listed above show how traders are pricing this question. Compare outcome prices from Kalshi, Polymarket, Predict.fun in one place. Each price reflects the market’s implied probability, not a guaranteed result.
How many Fed rate hikes in 2026: what are the current odds?
The latest available prices are 2 (50 Bps): 88.5¢ on Kalshi, 88.5¢ on Polymarket, 89.5¢ on Predict.fun; 3 (75 Bps): 7.5¢ on Kalshi, 7.8¢ on Polymarket, 7.5¢ on Predict.fun; 1 (25 Bps): 3.5¢ on Kalshi, 1.8¢ on Polymarket, 3.0¢ on Predict.fun; 4 (100 Bps): 0.1¢ on Polymarket, 2.0¢ on Predict.fun. Prices are quoted in cents per $1 share. Check the venue for executable prices and available liquidity.