{
  "_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-HYNJTN51Q3",
  "slug": "kxcbdecisionbrazil-26aug05",
  "question": "Will the Central Bank of Brazil raise, lower, or maintain its benchmark interest rate at its August meeting?",
  "category": "economics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "economics",
    "brazil-monetary-policy",
    "interest-rate-decision",
    "central-bank",
    "2026",
    "economic-indicators"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the Banco Central do Brasil's Selic target rate decision at the August 2026 Copom meeting. Kalshi structures the event as seven discrete binary contracts, each isolating a specific rate action from cuts exceeding 50bp through hikes exceeding 50bp. Together they form a full probability distribution over the policy rate outcome. Resolution follows Kalshi staff determination using the central bank's official announcement.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-J0KQ78B853",
  "current_primary_mark": {
    "last_price": 0.81,
    "implied_probability": 0.81
  },
  "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-BBW1N4GTW8",
      "event_id": "CM-EVT-HYNJTN51Q3",
      "platform": "kalshi",
      "platform_market_id": "KXCBDECISIONBRAZIL-26AUG05-C50P",
      "question": "Will the Central Bank of Brazil Cut more than 50bp at the August Monetary Policy Meeting?",
      "description": "Cut more than 50bp",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Cut more than 50bp: The Central Bank of Brazil's official announcement of its monetary policy decision at the August 2026 meeting, as confirmed by Kalshi staff determination by August 5, 2026.",
      "close_at": "2026-08-05T21:29:00Z",
      "resolve_at": "2026-08-05T21:30:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Central Bank of Brazil takes the action of Cut more than 50bp at August Monetary Policy Meeting, then the market resolves to Yes.\n\nThe market resolves based on the official policy rate decision announced by the central bank. For central banks with multiple policy rates, only changes to the primary policy rate count. If the meeting is cancelled or delayed past the expiration date, markets for \"No change\" resolve to Yes and all others resolve to No. Emergency rate changes between scheduled meetings do not affect resolution of contracts tied to scheduled meetings. The specific basis point ranges are inclusive (e.g., \"25-50bp\" includes both 25bp and 50bp changes).",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "central bank",
        "source_status": "platform_named",
        "source_citation": "https://kalshi.com/",
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            "url": "https://kalshi.com/",
            "provenance": "platform_api"
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            "url": "https://kalshi.com/",
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            "name": "Semafor",
            "url": "https://semafor.com",
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            "name": "MarketWatch",
            "url": "https://kalshi.com/",
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            "url": "https://apnews.com",
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            "name": "Bloomberg News",
            "url": "https://www.bloomberg.com/news",
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            "name": "The Information",
            "url": "https://www.theinformation.com/",
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            "url": "https://www.cbsnews.com/",
            "provenance": "platform_api"
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          {
            "name": "NBC",
            "url": "https://www.nbcnews.com/",
            "provenance": "platform_api"
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          {
            "name": "Federal Reserve Economic Data",
            "url": "https://kalshi.com/",
            "provenance": "platform_api"
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          {
            "name": "Axios",
            "url": "https://www.axios.com",
            "provenance": "platform_api"
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          {
            "name": "Bloomberg Terminal",
            "url": "https://kalshi.com/",
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          {
            "name": "CNN",
            "url": "https://www.cnn.com/",
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            "name": "Fox News",
            "url": "https://www.foxnews.com",
            "provenance": "platform_api"
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          {
            "name": "Reuters",
            "url": "https://www.reuters.com/",
            "provenance": "platform_api"
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          {
            "name": "Politico",
            "url": "https://www.politico.com",
            "provenance": "platform_api"
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            "url": "https://www.msnbc.com",
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            "url": "https://www.washingtonpost.com/",
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            "name": "ABC",
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            "provenance": "platform_api"
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          {
            "name": "Financial Times",
            "url": "https://www.ft.com",
            "provenance": "platform_api"
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          {
            "name": "The New York Times",
            "url": "https://www.nytimes.com",
            "provenance": "platform_api"
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          {
            "name": "the official policy rate decision announced by the central bank",
            "url": null,
            "provenance": "clearmarket_editorial"
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        "source_commitment": "named",
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        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0,
      "volume_total_usd": 21.331100000000003,
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      "direction": null,
      "threshold": null,
      "question_id": "CMX-D7A16B10ED",
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      "tags": [
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    {
      "market_id": "CM-MKT-523194QYP6",
      "event_id": "CM-EVT-HYNJTN51Q3",
      "platform": "kalshi",
      "platform_market_id": "KXCBDECISIONBRAZIL-26AUG05-C50",
      "question": "Will the Central Bank of Brazil Cut 50bps at the August Monetary Policy Meeting?",
      "description": "Cut 50bps",
      "contract_type": "binary",
      "settlement_currency": "USD",
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      "close_at": "2026-08-05T21:29:00Z",
      "resolve_at": "2026-08-05T21:30:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Central Bank of Brazil takes the action of Cut 50bps at August Monetary Policy Meeting, then the market resolves to Yes.\n\nThe market resolves based on the official policy rate decision announced by the central bank. For central banks with multiple policy rates, only changes to the primary policy rate count. If the meeting is cancelled or delayed past the expiration date, markets for \"No change\" resolve to Yes and all others resolve to No. Emergency rate changes between scheduled meetings do not affect resolution of contracts tied to scheduled meetings. The specific basis point ranges are inclusive (e.g., \"25-50bp\" includes both 25bp and 50bp changes).",
        "arbitration_model": "kalshi_staff",
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        "source": "central bank",
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            "name": "MarketWatch",
            "url": "https://kalshi.com/",
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            "name": "Bloomberg News",
            "url": "https://www.bloomberg.com/news",
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            "name": "The Information",
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            "name": "Bloomberg Terminal",
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            "name": "CNN",
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            "name": "Fox News",
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            "name": "Reuters",
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            "name": "Politico",
            "url": "https://www.politico.com",
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            "name": "MSNBC",
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          {
            "name": "The Washington Post",
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            "name": "ABC",
            "url": "https://abcnews.go.com/",
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          {
            "name": "Financial Times",
            "url": "https://www.ft.com",
            "provenance": "platform_api"
          },
          {
            "name": "The New York Times",
            "url": "https://www.nytimes.com",
            "provenance": "platform_api"
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          {
            "name": "the official policy rate decision announced by the central bank",
            "url": null,
            "provenance": "clearmarket_editorial"
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        ],
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      "rcg": {
        "grade": "A",
        "score": 91,
        "caps": [],
        "applied_factors": 7
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      "last_price": 0.01,
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      "volume_total_usd": 10.441400000000002,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-D61EEA8E3F",
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      "tags": [
        "brazil",
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        "interest rates",
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    {
      "market_id": "CM-MKT-J0KQ78B853",
      "event_id": "CM-EVT-HYNJTN51Q3",
      "platform": "kalshi",
      "platform_market_id": "KXCBDECISIONBRAZIL-26AUG05-C25",
      "question": "Will the Central Bank of Brazil Cut 25bps at the August Monetary Policy Meeting?",
      "description": "Cut 25bps",
      "contract_type": "binary",
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      "underlying_reference": "Cut 25bps: The Central Bank of Brazil's official announcement of its monetary policy decision at the August 2026 meeting, as confirmed by Kalshi staff determination by August 5, 2026.",
      "close_at": "2026-08-05T21:29:00Z",
      "resolve_at": "2026-08-05T21:30:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Central Bank of Brazil takes the action of Cut 25bps at August Monetary Policy Meeting, then the market resolves to Yes.\n\nThe market resolves based on the official policy rate decision announced by the central bank. For central banks with multiple policy rates, only changes to the primary policy rate count. If the meeting is cancelled or delayed past the expiration date, markets for \"No change\" resolve to Yes and all others resolve to No. Emergency rate changes between scheduled meetings do not affect resolution of contracts tied to scheduled meetings. The specific basis point ranges are inclusive (e.g., \"25-50bp\" includes both 25bp and 50bp changes).",
        "arbitration_model": "kalshi_staff",
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            "name": "the official policy rate decision announced by the central bank",
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    {
      "market_id": "CM-MKT-LP9661X2G5",
      "event_id": "CM-EVT-HYNJTN51Q3",
      "platform": "kalshi",
      "platform_market_id": "KXCBDECISIONBRAZIL-26AUG05-HOLD",
      "question": "Will the Central Bank of Brazil Maintain current rate at the August Monetary Policy Meeting?",
      "description": "Maintain current rate",
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      "settlement_currency": "USD",
      "underlying_reference": "Maintain current rate: The Central Bank of Brazil's official announcement of its monetary policy decision at the August 2026 meeting, as confirmed by Kalshi staff determination by August 5, 2026.",
      "close_at": "2026-08-05T21:29:00Z",
      "resolve_at": "2026-08-05T21:30:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the Central Bank of Brazil takes the action of Maintain current rate at August Monetary Policy Meeting, then the market resolves to Yes.\n\nThe market resolves based on the official policy rate decision announced by the central bank. For central banks with multiple policy rates, only changes to the primary policy rate count. If the meeting is cancelled or delayed past the expiration date, markets for \"No change\" resolve to Yes and all others resolve to No. Emergency rate changes between scheduled meetings do not affect resolution of contracts tied to scheduled meetings. The specific basis point ranges are inclusive (e.g., \"25-50bp\" includes both 25bp and 50bp changes).",
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            "name": "the official policy rate decision announced by the central bank",
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