{
  "_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-08YPSXQR83",
  "slug": "kxwtimax-26dec31",
  "question": "WTI crude oil maximum settlement price, December 31, 2026",
  "category": "financials",
  "event_type": "LADDER",
  "ladder_distribution": {
    "direction": "above",
    "implied_band": [
      115,
      120
    ],
    "strikes": [
      {
        "threshold": 100,
        "prob": 100
      },
      {
        "threshold": 105,
        "prob": 81
      },
      {
        "threshold": 110,
        "prob": 85
      },
      {
        "threshold": 115,
        "prob": 51
      },
      {
        "threshold": 120,
        "prob": 39
      },
      {
        "threshold": 125,
        "prob": 39
      },
      {
        "threshold": 130,
        "prob": 35
      },
      {
        "threshold": 135,
        "prob": 31
      },
      {
        "threshold": 140,
        "prob": 29
      },
      {
        "threshold": 150,
        "prob": 25
      },
      {
        "threshold": 160,
        "prob": 20
      },
      {
        "threshold": 180,
        "prob": 16
      },
      {
        "threshold": 200,
        "prob": 14
      }
    ]
  },
  "tags": [
    "financials",
    "wti-oil",
    "energy-commodities",
    "price-ceiling",
    "2026",
    "financial-markets"
  ],
  "catalyst_types": [],
  "catalyst_dates": [],
  "editorial_notes": "These markets track the maximum WTI front-month settle price through December 31, 2026. Each Kalshi contract prices a discrete strike threshold, from $115.01 to $200.01. The ladder structure implies a market-implied price ceiling; lower strikes must clear before higher ones resolve yes. Resolution uses ICE settle data reviewed via Kalshi staff determination on January 7, 2027.",
  "venues_covered": [
    "kalshi"
  ],
  "primary_market_id": "CM-MKT-N2BV0SJYV3",
  "current_primary_mark": {
    "last_price": 0.329,
    "implied_probability": 0.329
  },
  "created_at": "2026-07-06T00:30:45.836226+00:00",
  "updated_at": "2026-07-06T00:30:45.836226+00:00",
  "markets": [
    {
      "market_id": "CM-MKT-2SYGZVVGP6",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T115",
      "question": "Will the maximum WTI front month settle price reach $115.01 by Dec 31, 2026?",
      "description": "$115.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$115.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $115 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
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        ],
        "source_of_record": "ICE",
        "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": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.357,
      "implied_probability": 0.357,
      "volume_24h_usd": 3962.28588,
      "volume_total_usd": 352049.27394,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 115,
      "question_id": "CMX-FE2B767464",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
            "category_interpretation_s1"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-N2BV0SJYV3",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T120",
      "question": "Will the maximum WTI front month settle price reach $120.01 by Dec 31, 2026?",
      "description": "$120.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$120.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $120 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
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        ],
        "source_of_record": "ICE",
        "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": 100,
        "caps": [],
        "applied_factors": 6
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      "last_price": 0.329,
      "implied_probability": 0.329,
      "volume_24h_usd": 822.97705,
      "volume_total_usd": 216505.47415,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 120,
      "question_id": "CMX-263F468CE0",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
            "category_interpretation_s1"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-XVV6M0DXR8",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T125",
      "question": "Will the maximum WTI front month settle price reach $125.01 by Dec 31, 2026?",
      "description": "$125.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$125.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $125 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "ICE",
        "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": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.31,
      "implied_probability": 0.31,
      "volume_24h_usd": 1841.7565,
      "volume_total_usd": 155348.7934,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 125,
      "question_id": "CMX-4B5340684A",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
            "category_interpretation_s1"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-FPNPKGPRC1",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T130",
      "question": "Will the maximum WTI front month settle price reach $130.01 by Dec 31, 2026?",
      "description": "$130.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$130.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $130 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "ICE",
        "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": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.26,
      "implied_probability": 0.26,
      "volume_24h_usd": 220.5996,
      "volume_total_usd": 131030.6556,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 130,
      "question_id": "CMX-465CF96DC8",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
            "category_interpretation_s1"
          ],
          "bucket": null,
          "screened_at": "2026-06-12"
        }
      ]
    },
    {
      "market_id": "CM-MKT-T0S84PC6F2",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T135",
      "question": "Will the maximum WTI front month settle price reach $135.01 by Dec 31, 2026?",
      "description": "$135.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$135.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $135 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
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        ],
        "source_of_record": "ICE",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
        "source_commitment": "named",
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      },
      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.22,
      "implied_probability": 0.22,
      "volume_24h_usd": 110.715,
      "volume_total_usd": 83693.7464,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 135,
      "question_id": "CMX-D324614629",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
            "category_interpretation_s1"
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          "bucket": null,
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        }
      ]
    },
    {
      "market_id": "CM-MKT-F842W9YF27",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T140",
      "question": "Will the maximum WTI front month settle price reach $140.01 by Dec 31, 2026?",
      "description": "$140.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$140.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $140 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
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        ],
        "source_of_record": "ICE",
        "source_mechanism": "single_authority",
        "source_type": null,
        "source_quality": "authoritative",
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      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.201,
      "implied_probability": 0.201,
      "volume_24h_usd": 186.22851,
      "volume_total_usd": 120547.94904000002,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 140,
      "question_id": "CMX-A560C310B0",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
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      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
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      ]
    },
    {
      "market_id": "CM-MKT-WHCVRYYJ51",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T150",
      "question": "Will the maximum WTI front month settle price reach $150.01 by Dec 31, 2026?",
      "description": "$150.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$150.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $150 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
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        ],
        "source_of_record": "ICE",
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      },
      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.155,
      "implied_probability": 0.155,
      "volume_24h_usd": 509.22305,
      "volume_total_usd": 113455.43370000001,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 150,
      "question_id": "CMX-CF4D5ED1A5",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
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      ]
    },
    {
      "market_id": "CM-MKT-84Z9YFR2R1",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T160",
      "question": "Will the maximum WTI front month settle price reach $160.01 by Dec 31, 2026?",
      "description": "$160.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$160.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $160 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
        "source_status": "platform_named",
        "source_citation": "https://www.theice.com/index",
        "sources": [
          {
            "name": "ICE",
            "url": "https://www.theice.com/index",
            "provenance": "platform_api"
          }
        ],
        "source_of_record": "ICE",
        "source_mechanism": "single_authority",
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      },
      "rcg": {
        "grade": "A",
        "score": 100,
        "caps": [],
        "applied_factors": 6
      },
      "last_price": 0.139,
      "implied_probability": 0.139,
      "volume_24h_usd": 55.91275,
      "volume_total_usd": 73357.23471,
      "settlement_style": "touch",
      "direction": "above",
      "threshold": 160,
      "question_id": "CMX-DFC1D22FF5",
      "also_on": null,
      "tags": [
        "commodity",
        "energy",
        "oil",
        "wti",
        "wti crude oil"
      ],
      "eligibility_screens": [
        {
          "regime": "ciro-26-0076",
          "screen_version": "v1",
          "status": "review",
          "reasons": [
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          ],
          "bucket": null,
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        }
      ]
    },
    {
      "market_id": "CM-MKT-Z12R8Y75L3",
      "event_id": "CM-EVT-08YPSXQR83",
      "platform": "kalshi",
      "platform_market_id": "KXWTIMAX-26DEC31-T180",
      "question": "Will the maximum WTI front month settle price reach $180.01 by Dec 31, 2026?",
      "description": "$180.01 or above",
      "contract_type": "binary",
      "settlement_currency": "USD",
      "underlying_reference": "$180.01 or above: ICE front-month WTI settle price on January 7, 2027 at 3:00 PM UTC, as determined by Kalshi staff review of ICE data.",
      "close_at": "2026-12-31T19:30:00Z",
      "resolve_at": "2027-01-07T15:00:00Z",
      "status": "open",
      "resolution": {
        "rules_raw": "If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $180 between Issuance and Dec 31, 2026, then the market resolves to Yes.",
        "arbitration_model": "kalshi_staff",
        "proposer": "platform_staff",
        "source": "ICE",
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