Very low or unknown volume — thin market, caution warranted
Price strongly directional — lower volatility expected
Exchange-standard resolution criteria
Thin market at extreme price — vulnerable to price manipulation
Resolves in ~292d — long horizon, capital lock-up risk
If Cluely confirms an IPO before Apr 1, 2027, then the market resolves to Yes. An IPO is confirmed if 1) the SEC declares the company's Form S-1 effective OR 2) the IPO is priced OR 3) a securities exchange has assigned a ticker to it. As long as any of those events occur, the market will immediate...
Taking existing offers on low-priced Kalshi contracts has historically yielded -60% avg returns. Consider placing instead of taking existing offers.
Bürgi, Deng & Whelan (2025) — CESifo Working Paper 12122