{
  "_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-R55TT711T7",
  "slug": "kxbtcmaxmon-btc-26jul31",
  "question": "BTC trimmed mean by 11:59 PM ET on Jul 31, 2026",
  "category": "crypto",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      65000,
      67500
    ],
    "strikes": [
      {
        "threshold": 65000,
        "prob": 97
      },
      {
        "threshold": 67500,
        "prob": 44
      },
      {
        "threshold": 70000,
        "prob": 14
      },
      {
        "threshold": 72500,
        "prob": 6
      },
      {
        "threshold": 75000,
        "prob": 2
      },
      {
        "threshold": 77500,
        "prob": 1
      },
      {
        "threshold": 80000,
        "prob": 1
      },
      {
        "threshold": 82500,
        "prob": 1
      }
    ]
  },
  "tags": [
    "crypto",
    "bitcoin-price",
    "crypto-markets",
    "july-2026",
    "price-prediction",
    "volatility-bet"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the CF Benchmarks Bitcoin trimmed mean price against eight strike thresholds on July 31, 2026. Kalshi prices discrete rate levels across a $65,000 to $82,500 range; the ladder structure implies a cumulative probability distribution over BTC price. All eight contracts resolve via Kalshi staff determination against CF Benchmarks data. The trimmed mean methodology excludes outlier trades, so abnormal end-of-month volume spikes may diverge from spot price.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-XF6HRH8VV0",
  "current_primary_mark": {
    "last_price": 0.27,
    "implied_probability": 0.27
  },
  "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-78SCS4QVQ8",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-6500000",
      "question": "Will BTC trimmed mean be above $65000.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $65,000.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $65,000.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-07-15T06:34:36Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "resolved",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n65000.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.97,
      "implied_probability": 0.97,
      "volume_24h_usd": 0,
      "volume_total_usd": 461018.38,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 65000,
      "question_id": "CMX-08E099A918",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-0MYJZPZFN8",
          "price": 0.999
        },
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-BJRNPH1130",
          "price": 0.99
        },
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-FZBH5D2WQ6",
          "price": 0.999
        },
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-RFZ49S4YD8",
          "price": 0.999
        },
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-GZ2J605N81",
          "price": 0.99
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-XF6HRH8VV0",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-6750000",
      "question": "Will BTC trimmed mean be above $67500.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $67,500.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $67,500.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n67500.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.27,
      "implied_probability": 0.27,
      "volume_24h_usd": 10445.195700000002,
      "volume_total_usd": 323179.8399000001,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 67500,
      "question_id": "CMX-8C8C4277C6",
      "also_on": null,
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-6NW3RX99T0",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-7000000",
      "question": "Will BTC trimmed mean be above $70000.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $70,000.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $70,000.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n70000.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.06,
      "implied_probability": 0.06,
      "volume_24h_usd": 1340.1390000000001,
      "volume_total_usd": 28468.130400000002,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 70000,
      "question_id": "CMX-50E211F857",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-SBNQ4YCVJ2",
          "price": 0.16
        },
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-LHR11HNYF5",
          "price": 0.07
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-S70CX4W5X4",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-7250000",
      "question": "Will BTC trimmed mean be above $72500.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $72,500.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $72,500.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n72500.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 205.9048,
      "volume_total_usd": 9279.7946,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 72500,
      "question_id": "CMX-642C343C26",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-ZLY6T8R4F6",
          "price": 0.043
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-M06HBVZ5S5",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-7500000",
      "question": "Will BTC trimmed mean be above $75000.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $75,000.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $75,000.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n75000.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.02,
      "implied_probability": 0.02,
      "volume_24h_usd": 37.262800000000006,
      "volume_total_usd": 6744.2681999999995,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 75000,
      "question_id": "CMX-B0F6C0A116",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-3R44QJ4860",
          "price": 0.014
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-CPLHQ8W5R0",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-7750000",
      "question": "Will BTC trimmed mean be above $77500.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $77,500.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $77,500.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n77500.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 10.7925,
      "volume_total_usd": 1255.9582,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 77500,
      "question_id": "CMX-5BDCC3451D",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-YXXJZC77X4",
          "price": 0.007
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-74DKB5XLT6",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-8000000",
      "question": "Will BTC trimmed mean be above $80000.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $80,000.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $80,000.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n80000.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 3.4193000000000002,
      "volume_total_usd": 702.9984,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 80000,
      "question_id": "CMX-295E33FDCF",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-RWBHVZ6GZ1",
          "price": 0.002
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-414ZSSFS37",
      "event_id": "CM-EVT-R55TT711T7",
      "platform": "kalshi",
      "platform_market_id": "KXBTCMAXMON-BTC-26JUL31-8250000",
      "question": "Will BTC trimmed mean be above $82500.00 by 11:59 PM ET on Jul 31, 2026?",
      "description": "Above $82,500.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $82,500.00: CF Benchmarks Bitcoin trimmed mean price on July 31, 2026, 11:59 PM ET, as reported by Kalshi staff determination, resolves outcomes.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the price of BTC after issuance and through 11:59 PM ET on Jul 31, 2026 is ever above $\n82500.00, then the market resolves to Yes.\n\nAt each minute throughout the market duration, a settlement value is calculated using every minute-by-minute CF BRTI price for BTC. For each of these individual minute-by-minute checks, the top 20% and bottom 20% of the cumulative dataset are removed before calculating the average of the remaining values. If the trimmed mean associated with any single minute during the period is above the threshold, the market resolves to Yes. This methodology reduces the impact of extreme price spikes or drops. The measurement period runs from when the market is issued until the specified end time. If CF Benchmarks data is unavailable or incomplete at the expiration time, affected strikes resolve to No. For cryptocurrencies with multiple versions, the Exchange will specify which version or ticker is being tracked.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "CF Benchmarks",
        "source_status": "platform_named",
        "source_citation": "https://www.cfbenchmarks.com/",
        "sources": [
          {
            "name": "CF Benchmarks",
            "url": "https://www.cfbenchmarks.com/",
            "provenance": "platform_api"
          },
          {
            "name": "CF BRTI price for BTC",
            "url": null,
            "provenance": "clearmarket_editorial"
          }
        ],
        "source_of_record": "CF Benchmarks",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
      },
      "rcg": {
        "grade": "A",
        "score": 90,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 1.41,
      "volume_total_usd": 1493.6845,
      "settlement_style": "terminal",
      "direction": "above",
      "threshold": 82500,
      "question_id": "CMX-DDAF777393",
      "also_on": [
        {
          "venue": "polymarket",
          "market_id": "CM-MKT-7J8BSKQ802",
          "price": 0.002
        }
      ],
      "tags": [
        "2026",
        "bitcoin",
        "btc",
        "price"
      ],
      "eligibility_screens": null
    }
  ],
  "resolution_log": [
    {
      "market_id": "CM-MKT-78SCS4QVQ8",
      "platform": "kalshi",
      "event_type": "resolved",
      "outcome": "YES",
      "resolved_at": "2026-07-15T07:10:40.83855Z",
      "deadline_at": null,
      "occurred_basis": "venue_settlement",
      "final_price": 0.97,
      "recorded_at": "2026-07-23",
      "source": "platform_api",
      "source_ref": null
    }
  ],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-R55TT711T7",
    "terms": "Attribution required. clearmarket.fyi"
  }
}