{
  "_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-P6QJP9BW02",
  "slug": "kxfedcombo-26jul",
  "question": "Will the Federal Reserve in July 2026 cut rates and have at least one dissent?",
  "category": "economics",
  "event_type": "BINARY",
  "ladder_distribution": null,
  "tags": [
    "economics",
    "federal-funds-rate",
    "fomc-decision",
    "fed-dissents",
    "monetary-policy",
    "2026"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These four Kalshi markets jointly price the July 2026 Federal Open Market Committee decision as a two-dimensional outcome: rate action crossed with dissent count. Each contract isolates one cell of a two-by-two matrix spanning no change or 25bp cut against unanimous or split votes. Together they form a exhaustive, mutually exclusive set summing to approximately 100%. Kalshi staff determination draws on the Federal Reserve's official July 2026 policy statement and accompanying vote tally.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-XL8LNHNQY8",
  "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-734MWSFVP4",
      "event_id": "CM-EVT-P6QJP9BW02",
      "platform": "kalshi",
      "platform_market_id": "KXFEDCOMBO-26JUL-0-0",
      "question": "Will Federal Funds Rate Decision be No change AND Dissents be 0 for Jul 2026?",
      "description": "Federal Funds Rate Decision: No change, Dissents: 0",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Federal Funds Rate Decision: No change, Dissents: 0: Federal Reserve's July 2026 policy decision and accompanying statement resolve via Kalshi staff determination based on official Federal Reserve announcements, by July 29, 2026.",
      "close_at": "2026-07-29T17:55:00Z",
      "resolve_at": "2026-07-29T17:55:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ALL of the following occur for Jul 2026: Federal Funds Rate Decision: No change, Dissents: 0, then the market resolves to Yes.\n\nThis is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Federal Funds Rate Decision uses FEDDECISION, Dissents uses FOMCDISSENTCOUNT. For economic data releases, resolution uses the first officially released value (not preliminary or revised estimates unless specified). All conditions must be satisfied within the specified time period.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Bureau of Labor Statistics",
        "source_status": "platform_named",
        "source_citation": "https://www.bls.gov/news.release/empsit.nr0.htm",
        "sources": [
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/news.release/empsit.nr0.htm",
            "provenance": "platform_api"
          },
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/cpi/",
            "provenance": "platform_api"
          },
          {
            "name": "Federal Reserve Board of Governors",
            "url": "https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve Board of Governors",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.18,
      "implied_probability": 0.18,
      "volume_24h_usd": 1077.2622,
      "volume_total_usd": 3537.6732,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-561ACE853A",
      "also_on": null,
      "tags": [
        "dissent",
        "fed",
        "federal funds rate",
        "july-2026",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-XL8LNHNQY8",
      "event_id": "CM-EVT-P6QJP9BW02",
      "platform": "kalshi",
      "platform_market_id": "KXFEDCOMBO-26JUL-0-T0",
      "question": "Will Federal Funds Rate Decision be No change AND Dissents be >0 for Jul 2026?",
      "description": "Federal Funds Rate Decision: No change, Dissents: >0",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Federal Funds Rate Decision: No change, Dissents: >0: Federal Reserve's July 2026 policy decision and accompanying statement resolve via Kalshi staff determination based on official Federal Reserve announcements, by July 29, 2026.",
      "close_at": "2026-07-29T17:55:00Z",
      "resolve_at": "2026-07-29T17:55:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ALL of the following occur for Jul 2026: Federal Funds Rate Decision: No change, Dissents:   0, then the market resolves to Yes.\n\nThis is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Federal Funds Rate Decision uses FEDDECISION, Dissents uses FOMCDISSENTCOUNT. For economic data releases, resolution uses the first officially released value (not preliminary or revised estimates unless specified). All conditions must be satisfied within the specified time period.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Bureau of Labor Statistics",
        "source_status": "platform_named",
        "source_citation": "https://www.bls.gov/news.release/empsit.nr0.htm",
        "sources": [
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/news.release/empsit.nr0.htm",
            "provenance": "platform_api"
          },
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/cpi/",
            "provenance": "platform_api"
          },
          {
            "name": "Federal Reserve Board of Governors",
            "url": "https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve Board of Governors",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.66,
      "implied_probability": 0.66,
      "volume_24h_usd": 1152.5778,
      "volume_total_usd": 9594.0174,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-C4D8CDBD48",
      "also_on": null,
      "tags": [
        "dissent",
        "fed",
        "federal funds rate",
        "july-2026",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-4SWTTQRLD0",
      "event_id": "CM-EVT-P6QJP9BW02",
      "platform": "kalshi",
      "platform_market_id": "KXFEDCOMBO-26JUL-25C-0",
      "question": "Will Federal Funds Rate Decision be 25bp cut AND Dissents be 0 for Jul 2026?",
      "description": "Federal Funds Rate Decision: 25bp cut, Dissents: 0",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Federal Funds Rate Decision: 25bp cut, Dissents: 0: Federal Reserve's July 2026 policy decision and accompanying statement resolve via Kalshi staff determination based on official Federal Reserve announcements, by July 29, 2026.",
      "close_at": "2026-07-29T17:55:00Z",
      "resolve_at": "2026-07-29T17:55:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ALL of the following occur for Jul 2026: Federal Funds Rate Decision: 25bp cut, Dissents: 0, then the market resolves to Yes.\n\nThis is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Federal Funds Rate Decision uses FEDDECISION, Dissents uses FOMCDISSENTCOUNT. For economic data releases, resolution uses the first officially released value (not preliminary or revised estimates unless specified). All conditions must be satisfied within the specified time period.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Bureau of Labor Statistics",
        "source_status": "platform_named",
        "source_citation": "https://www.bls.gov/news.release/empsit.nr0.htm",
        "sources": [
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/news.release/empsit.nr0.htm",
            "provenance": "platform_api"
          },
          {
            "name": "Bureau of Labor Statistics",
            "url": "https://www.bls.gov/cpi/",
            "provenance": "platform_api"
          },
          {
            "name": "Federal Reserve Board of Governors",
            "url": "https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "Federal Reserve Board of Governors",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
        "source_commitment_subtype": "named",
        "source_hedge_text": null
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      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0,
      "volume_total_usd": 21.9348,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-F4C9DEF039",
      "also_on": null,
      "tags": [
        "dissent",
        "fed",
        "federal funds rate",
        "july-2026",
        "rates"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-X1D5KCQF43",
      "event_id": "CM-EVT-P6QJP9BW02",
      "platform": "kalshi",
      "platform_market_id": "KXFEDCOMBO-26JUL-25C-T0",
      "question": "Will Federal Funds Rate Decision be 25bp cut AND Dissents be >0 for Jul 2026?",
      "description": "Federal Funds Rate Decision: 25bp cut, Dissents: >0",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Federal Funds Rate Decision: 25bp cut, Dissents: >0: Federal Reserve's July 2026 policy decision and accompanying statement resolve via Kalshi staff determination based on official Federal Reserve announcements, by July 29, 2026.",
      "close_at": "2026-07-29T17:55:00Z",
      "resolve_at": "2026-07-29T17:55:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ALL of the following occur for Jul 2026: Federal Funds Rate Decision: 25bp cut, Dissents:   0, then the market resolves to Yes.\n\nThis is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Federal Funds Rate Decision uses FEDDECISION, Dissents uses FOMCDISSENTCOUNT. For economic data releases, resolution uses the first officially released value (not preliminary or revised estimates unless specified). All conditions must be satisfied within the specified time period.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "Bureau of Labor Statistics",
        "source_status": "platform_named",
        "source_citation": "https://www.bls.gov/news.release/empsit.nr0.htm",
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            "url": "https://www.bls.gov/cpi/",
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            "name": "Federal Reserve Board of Governors",
            "url": "https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm",
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      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
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      "volume_24h_usd": 0.1,
      "volume_total_usd": 57.613400000000006,
      "settlement_style": "touch",
      "direction": null,
      "threshold": null,
      "question_id": "CMX-743C116803",
      "also_on": null,
      "tags": [
        "dissent",
        "fed",
        "federal funds rate",
        "july-2026",
        "rates"
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      "eligibility_screens": null
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  "resolution_log": [],
  "_provenance": {
    "source": "clearmarket.fyi",
    "ref": "CM-EVT-P6QJP9BW02",
    "terms": "Attribution required. clearmarket.fyi"
  }
}