{
  "_notice": {
    "type": "free_key_offer",
    "message": "Free and anonymous access is staying. If this endpoint is in your pipeline, a free key adds advance notice before any schema change or deprecation. POST /v1/keys {\"email\": \"you@firm.com\"} — nothing else required. Something broken or missing? hello@clearmarket.fyi reaches a human.",
    "docs": "https://clearmarket.fyi/for-data/",
    "policy": "This field is additive and its shape will not change."
  },
  "event_id": "CM-EVT-V1MXBXPRP7",
  "slug": "kxb200ms-27feb",
  "question": "The monthly average compute price of NVIDIA's B200 in February 2027",
  "category": "financials",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      5,
      5.5
    ],
    "strikes": [
      {
        "threshold": 3,
        "prob": 85
      },
      {
        "threshold": 3.5,
        "prob": 84
      },
      {
        "threshold": 4,
        "prob": 72
      },
      {
        "threshold": 4.5,
        "prob": 70
      },
      {
        "threshold": 5,
        "prob": 59
      },
      {
        "threshold": 5.5,
        "prob": 49
      },
      {
        "threshold": 6,
        "prob": 44
      },
      {
        "threshold": 6.5,
        "prob": 34
      },
      {
        "threshold": 7,
        "prob": 23
      }
    ]
  },
  "tags": [
    "financials",
    "nvidia-b200",
    "compute-pricing",
    "February-2027",
    "hardware-pricing",
    "gpu-market"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the monthly average hourly compute price of NVIDIA's B200 GPU in February 2027. Kalshi structures the event as eight discrete strike thresholds, from $3.00 to $7.00 per hour, each resolved independently by Kalshi staff. The authoritative data source is Ornn's compute pricing dashboard. Strike spreads across the ladder imply a market-derived probability distribution over the February 2027 average rate level.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-DDDN6MRT54",
  "current_primary_mark": {
    "last_price": 0.62,
    "implied_probability": 0.62
  },
  "created_at": "2026-07-23T21:11:14.426158+00:00",
  "updated_at": "2026-07-23T21:11:14.426158+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-MSVXK8THH7",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-3.00",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $3.00 in February 2027?",
      "description": "Above $3.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.00: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $3 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.85,
      "implied_probability": 0.85,
      "volume_24h_usd": 0,
      "volume_total_usd": 2544.0499999999997,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3,
      "question_id": "CMX-6B25DE6757",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-N3DT23T684",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-3.50",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $3.50 in February 2027?",
      "description": "Above $3.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.50: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $3.5 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.84,
      "implied_probability": 0.84,
      "volume_24h_usd": 0,
      "volume_total_usd": 170.51999999999998,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.5,
      "question_id": "CMX-68B612D697",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-9YGLXT4JZ3",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-4.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $4.00 in February 2027?",
      "description": "Above $4.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.00: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $4 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.72,
      "implied_probability": 0.72,
      "volume_24h_usd": 0,
      "volume_total_usd": 508.32,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 4,
      "question_id": "CMX-3726B59A81",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-H8K4DDR7W5",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-4.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $4.50 in February 2027?",
      "description": "Above $4.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.50: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $4.5 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.7,
      "implied_probability": 0.7,
      "volume_24h_usd": 0,
      "volume_total_usd": 135.63199999999998,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 4.5,
      "question_id": "CMX-8135789FA6",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-2T96DKNZ12",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-5.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $5.00 in February 2027?",
      "description": "Above $5.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $5.00: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $5 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.66,
      "implied_probability": 0.66,
      "volume_24h_usd": 0,
      "volume_total_usd": 157.08,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 5,
      "question_id": "CMX-86AB84F88F",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-DDDN6MRT54",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-5.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $5.50 in February 2027?",
      "description": "Above $5.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $5.50: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $5.5 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.62,
      "implied_probability": 0.62,
      "volume_24h_usd": 0,
      "volume_total_usd": 235.53799999999998,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 5.5,
      "question_id": "CMX-04B3885CC5",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-JW39671CD2",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-6.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $6.00 in February 2027?",
      "description": "Above $6.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $6.00: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $6 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.45,
      "implied_probability": 0.45,
      "volume_24h_usd": 0,
      "volume_total_usd": 622.8045,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 6,
      "question_id": "CMX-BBB1426AF8",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-MC2D55KP57",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-6.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $6.50 in February 2027?",
      "description": "Above $6.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $6.50: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $6.5 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Ornn",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "committed_secondhand",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "C",
        "score": 59,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.34,
      "implied_probability": 0.34,
      "volume_24h_usd": 0,
      "volume_total_usd": 1123.3600000000001,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 6.5,
      "question_id": "CMX-CA6E8BA893",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "nvidia",
        "nvidia b200 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-RMG34TXPL5",
      "event_id": "CM-EVT-V1MXBXPRP7",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27FEB-7.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $7.00 in February 2027?",
      "description": "Above $7.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $7.00: Kalshi staff determines the outcome using the monthly average compute price from Ornn's compute pricing dashboard as of March 8, 2027.",
      "close_at": "2027-03-01T04:59:59Z",
      "resolve_at": "2027-03-08T04:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $7 in February 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in February 2027, calculated as the arithmetic mean of hourly values reported by Ornn.\n\nRevisions to the underlying made after expiration will not be accounted for. The \"USD\" iteration of the index will be used unless explicitly stated otherwise. Values are rounded to two decimal places unless otherwise specified.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Ornn",
        "source_status": "platform_named",
        "source_citation": "https://dashboard.ornnai.com/compute",
        "sources": [
          {
            "name": "Ornn",
            "url": "https://dashboard.ornnai.com/compute",
            "provenance": "platform_api"
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