{
  "_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-G1XCYDY9K0",
  "slug": "kxb200ms-27may",
  "question": "The monthly average compute price of NVIDIA's B200 in May 2027",
  "category": "financials",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      5,
      5.5
    ],
    "strikes": [
      {
        "threshold": 3,
        "prob": 95
      },
      {
        "threshold": 3.5,
        "prob": 85
      },
      {
        "threshold": 4,
        "prob": 74
      },
      {
        "threshold": 4.5,
        "prob": 67
      },
      {
        "threshold": 5,
        "prob": 59
      },
      {
        "threshold": 5.5,
        "prob": 47
      },
      {
        "threshold": 6,
        "prob": 41
      },
      {
        "threshold": 6.5,
        "prob": 28
      },
      {
        "threshold": 7,
        "prob": 13
      }
    ]
  },
  "tags": [
    "financials",
    "nvidia-b200",
    "gpu-pricing",
    "compute-infrastructure",
    "may-2027",
    "commodity-price"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the monthly average hourly compute price of the NVIDIA B200 GPU in May 2027. Kalshi structures this as eight discrete strike thresholds, from $3.00 to $7.00 per hour, each a binary above/below contract. Together they form an implied probability distribution over the B200 spot rate. Resolution relies on Kalshi staff determination using the monthly average reported by Ornn AI's dashboard.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-CY7ZTQ1050",
  "current_primary_mark": {
    "last_price": 0.66,
    "implied_probability": 0.66
  },
  "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-L4XP5V6HV9",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-3.00",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $3.00 in May 2027?",
      "description": "Above $3.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.00: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $3 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 0.88,
      "implied_probability": 0.88,
      "volume_24h_usd": 0,
      "volume_total_usd": 3536.5879999999997,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3,
      "question_id": "CMX-232F10A6EC",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-NJ7911GKY4",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-3.50",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $3.50 in May 2027?",
      "description": "Above $3.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.50: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $3.5 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 238.85,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.5,
      "question_id": "CMX-D6C9C10637",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-FZZR00R391",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-4.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $4.00 in May 2027?",
      "description": "Above $4.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.00: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $4 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 0.74,
      "implied_probability": 0.74,
      "volume_24h_usd": 0,
      "volume_total_usd": 86.5874,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 4,
      "question_id": "CMX-DD29E36C04",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-MYY6S14SS0",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-4.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $4.50 in May 2027?",
      "description": "Above $4.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.50: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $4.5 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 0.67,
      "implied_probability": 0.67,
      "volume_24h_usd": 0,
      "volume_total_usd": 485.7567,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 4.5,
      "question_id": "CMX-237668231C",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-813HYVXXZ8",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-5.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $5.00 in May 2027?",
      "description": "Above $5.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $5.00: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $5 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 280.8,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 5,
      "question_id": "CMX-094D7A3CE9",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-CY7ZTQ1050",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-5.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $5.50 in May 2027?",
      "description": "Above $5.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $5.50: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $5.5 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 226.38000000000002,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 5.5,
      "question_id": "CMX-B21A14ACF2",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-7TR5PZNM22",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-6.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $6.00 in May 2027?",
      "description": "Above $6.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $6.00: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $6 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 0.42,
      "implied_probability": 0.42,
      "volume_24h_usd": 0,
      "volume_total_usd": 845.0441999999999,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 6,
      "question_id": "CMX-8CD50CA014",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-TPXFMQV4D0",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-6.500",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $6.50 in May 2027?",
      "description": "Above $6.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $6.50: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $6.5 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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": 0.28,
      "implied_probability": 0.28,
      "volume_24h_usd": 0,
      "volume_total_usd": 728.7280000000001,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 6.5,
      "question_id": "CMX-780EC154C7",
      "also_on": null,
      "tags": [
        "b200",
        "compute",
        "may-2027",
        "nvidia",
        "nvidia b200 hourly",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-QJFH90S920",
      "event_id": "CM-EVT-G1XCYDY9K0",
      "platform": "kalshi",
      "platform_market_id": "KXB200MS-27MAY-7.000",
      "question": "Will the monthly average compute price of NVIDIA's B200 be above $7.00 in May 2027?",
      "description": "Above $7.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $7.00: Kalshi staff determination based on the monthly average compute price reported by Ornn AI's dashboard, resolving June 8, 2027.",
      "close_at": "2027-06-01T03:59:59Z",
      "resolve_at": "2027-06-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA B200 compute per hour is above $7 in May 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA B200 compute per hour in May 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",
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