{
  "_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-Z5HZSYH110",
  "slug": "kxh100ms-27jul",
  "question": "The monthly average compute price of NVIDIA's H100 in July 2027",
  "category": "financials",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      2.5,
      2.75
    ],
    "strikes": [
      {
        "threshold": 2,
        "prob": 84
      },
      {
        "threshold": 2.25,
        "prob": 76
      },
      {
        "threshold": 2.5,
        "prob": 60
      },
      {
        "threshold": 2.75,
        "prob": 45
      },
      {
        "threshold": 3,
        "prob": 32
      },
      {
        "threshold": 3.25,
        "prob": 28
      },
      {
        "threshold": 3.5,
        "prob": 17
      },
      {
        "threshold": 3.75,
        "prob": 18
      },
      {
        "threshold": 4,
        "prob": 4
      }
    ]
  },
  "tags": [
    "financials",
    "nvidia-h100",
    "compute-pricing",
    "cloud-infrastructure",
    "monthly-average",
    "2027"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the NVIDIA H100 monthly average hourly compute price for July 2027. Kalshi structures the event as nine binary strike thresholds ranging from $2.00 to $4.00 per hour. The spread of strikes forms an implied price distribution for the H100 spot rate. Kalshi staff determination resolves each contract after the July 2027 observation window closes on August 8, 2027.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-XKKFJL5LT7",
  "current_primary_mark": {
    "last_price": 0.45,
    "implied_probability": 0.45
  },
  "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-9D3XRJJ7W1",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-2.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.00 in July 2027?",
      "description": "Above $2.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.00: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.81,
      "implied_probability": 0.81,
      "volume_24h_usd": 0,
      "volume_total_usd": 1223.8128000000002,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2,
      "question_id": "CMX-6679D183ED",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-8ZZV0LLPV7",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-2.250",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.25 in July 2027?",
      "description": "Above $2.25",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.25: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.25 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.76,
      "implied_probability": 0.76,
      "volume_24h_usd": 0,
      "volume_total_usd": 792.4824,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.25,
      "question_id": "CMX-EB0246CA1A",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-1ZZ8KFS5X6",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-2.500",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.50 in July 2027?",
      "description": "Above $2.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.50: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.5 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.6,
      "implied_probability": 0.6,
      "volume_24h_usd": 0,
      "volume_total_usd": 348.39599999999996,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.5,
      "question_id": "CMX-A703852B23",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-XKKFJL5LT7",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-2.750",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $2.75 in July 2027?",
      "description": "Above $2.75",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $2.75: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $2.75 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.45,
      "implied_probability": 0.45,
      "volume_24h_usd": 0,
      "volume_total_usd": 218.70000000000002,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 2.75,
      "question_id": "CMX-46276557BD",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-4ZJ7V0S726",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-3.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.00 in July 2027?",
      "description": "Above $3.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.00: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.32,
      "implied_probability": 0.32,
      "volume_24h_usd": 0,
      "volume_total_usd": 220.16,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3,
      "question_id": "CMX-54227D535F",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-3XJCFBBBG5",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-3.250",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.25 in July 2027?",
      "description": "Above $3.25",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.25: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.25 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.28,
      "implied_probability": 0.28,
      "volume_24h_usd": 0,
      "volume_total_usd": 525.5600000000001,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.25,
      "question_id": "CMX-106815E665",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-B2Y24RZ325",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-3.500",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.50 in July 2027?",
      "description": "Above $3.50",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.50: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.5 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.17,
      "implied_probability": 0.17,
      "volume_24h_usd": 0,
      "volume_total_usd": 351.62800000000004,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.5,
      "question_id": "CMX-0E85C16270",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-MM4D0MVGJ9",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-3.750",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $3.75 in July 2027?",
      "description": "Above $3.75",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $3.75: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $3.75 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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": 74,
        "caps": [
          "commitment_committed_secondhand"
        ],
        "applied_factors": 6
      },
      "last_price": 0.18,
      "implied_probability": 0.18,
      "volume_24h_usd": 0,
      "volume_total_usd": 3889.2599999999998,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 3.75,
      "question_id": "CMX-42EBF12F74",
      "also_on": null,
      "tags": [
        "compute pricing",
        "gpu",
        "h100",
        "nvidia",
        "nvidia h100 average"
      ],
      "eligibility_screens": null
    },
    {
      "market_id": "CM-MKT-93JNBLVJH3",
      "event_id": "CM-EVT-Z5HZSYH110",
      "platform": "kalshi",
      "platform_market_id": "KXH100MS-27JUL-4.000",
      "question": "Will the monthly average compute price of NVIDIA's H100 be above $4.00 in July 2027?",
      "description": "Above $4.00",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "Above $4.00: Kalshi staff determination of the named semiconductor company's compute processor monthly average price from Ornn pricing data, resolved by August 8, 2027.",
      "close_at": "2027-08-01T03:59:59Z",
      "resolve_at": "2027-08-08T03:59:59Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If the average value of NVIDIA H100 compute per hour is above $4 in July 2027, then the market resolves to Yes.\n\nThe market resolves based on the average value of NVIDIA H100 compute per hour in July 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",
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