Crypto market structure bill passage odds by 2027 hit 8.7 percent on Kalshi

Kalshi odds rise, but remain below 10 percent

The probability on Kalshi that a crypto market structure bill becomes law before January 1, 2027 reached 8.7 percent, according to PredictionBubbles. That was an increase of 3.3 percentage points over 24 hours.

The update, published Oct 31, 2026 at 8:45 AM ET, showed traders assigning a higher likelihood to enactment while still pricing it as the less likely outcome.

Trading activity and deadline

PredictionBubbles reported 2.5 million dollars in lifetime trading volume and 588,000 dollars in open interest. Those figures describe cumulative trading activity and outstanding positions, respectively—not additional measures of the likelihood of passage.

The market resolves on January 1, 2027. Its stated question concerns whether a crypto market structure bill becomes law before that date, rather than whether it merely advances through the legislative process. The supplied summary did not identify a catalyst for the price increase.

What it means for prediction markets

• A higher probability, not a reversal: The 3.3-point rise brought the implied likelihood to 8.7 percent, leaving enactment before the deadline a low-probability outcome.
• The legal milestone matters: Legislative progress alone is distinct from the bill becoming law, which is the event described in the market question.
• Activity does not establish the cause: The reported volume and open interest provide trading context, but the summary offers no explanation for the repricing.