{
  "_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-RPHXRL52M4",
  "slug": "kxh100ms-26jul",
  "question": "The monthly average compute price of NVIDIA's H100 in July 2026",
  "category": "financials",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      2.5,
      2.75
    ],
    "strikes": [
      {
        "threshold": 2,
        "prob": 99
      },
      {
        "threshold": 2.25,
        "prob": 99
      },
      {
        "threshold": 2.5,
        "prob": 99
      },
      {
        "threshold": 2.75,
        "prob": 1
      },
      {
        "threshold": 3,
        "prob": 2
      },
      {
        "threshold": 3.25,
        "prob": 1
      },
      {
        "threshold": 3.5,
        "prob": 1
      },
      {
        "threshold": 3.75,
        "prob": 1
      },
      {
        "threshold": 4,
        "prob": 1
      }
    ]
  },
  "tags": [
    "financials",
    "nvidia-h100",
    "compute-pricing",
    "monthly-average",
    "hardware-costs",
    "2026"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the NVIDIA H100 GPU's monthly average hourly compute price for July 2026. Nine strike thresholds span $2.00 to $4.00 in $0.25 increments, forming an implied distribution of the rate level. The probability-weighted structure lets traders express views on where spot GPU pricing clears. Kalshi staff determination resolves all nine contracts by August 8, 2026.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-95H4Y89P00",
  "current_primary_mark": {
    "last_price": 0.01,
    "implied_probability": 0.01
  },
  "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-DQ68MLNB27",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-2.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.00 in July 2026?",
      "description": "Above $2.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.00: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.99,
      "implied_probability": 0.99,
      "volume_24h_usd": 98.01,
      "volume_total_usd": 5310.6372,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2,
      "question_id": "CMX-D04F6A21C1",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-F1DNH3YS41",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-2.250",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.25 in July 2026?",
      "description": "Above $2.25",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.25: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.25 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.99,
      "implied_probability": 0.99,
      "volume_24h_usd": 0,
      "volume_total_usd": 1526.4414,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.25,
      "question_id": "CMX-6BED56DF5A",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-K2XSTRV2F0",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-2.500",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.50 in July 2026?",
      "description": "Above $2.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.50: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.5 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.99,
      "implied_probability": 0.99,
      "volume_24h_usd": 0,
      "volume_total_usd": 5993.3511,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.5,
      "question_id": "CMX-0746B00D1D",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-95H4Y89P00",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-2.750",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.75 in July 2026?",
      "description": "Above $2.75",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.75: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.75 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 13.1952,
      "volume_total_usd": 147.6741,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.75,
      "question_id": "CMX-B328ED5263",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-TFZVPBYSX6",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-3.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.00 in July 2026?",
      "description": "Above $3.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.00: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0.1028,
      "volume_total_usd": 116.70129999999999,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3,
      "question_id": "CMX-A554BC01F7",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-V8J1GCW2D7",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-3.250",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.25 in July 2026?",
      "description": "Above $3.25",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.25: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.25 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0,
      "volume_total_usd": 59.2016,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.25,
      "question_id": "CMX-11EA7F3F01",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-Z3PMS1B9L5",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-3.500",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.50 in July 2026?",
      "description": "Above $3.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.50: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.5 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0,
      "volume_total_usd": 116.3,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.5,
      "question_id": "CMX-6A28101A2E",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-7H6M563Y22",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-3.750",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.75 in July 2026?",
      "description": "Above $3.75",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.75: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.75 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.01,
      "implied_probability": 0.01,
      "volume_24h_usd": 0,
      "volume_total_usd": 62.940000000000005,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.75,
      "question_id": "CMX-CA0D2C7369",
      "also_on": null,
      "tags": [
        "compute",
        "h100",
        "nvidia",
        "nvidia h100 average",
        "pricing"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-D4W3D7TQ46",
      "event_id": "CM-EVT-RPHXRL52M4",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-26JUL-4.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $4.00 in July 2026?",
      "description": "Above $4.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.00: Kalshi staff determination of the named semiconductor company's monthly average compute price per unit via Ornn AI dashboard, resolved by August 8, 2026.",
      "close_at": "2026-08-01T03:59:59Z",
      "resolve_at": "2026-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $4 in July 2026, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 2026, 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": [
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