What is the fee on Kalshi for this market?

At the current typical price of 100¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $0.02.

What win rate do I need to break even?

About 100% if you hold to settlement, against a market price of 100%. The gap is the fee.

Markets › Kalshi › Elections

Closer Senate Race: Michigan or New Hampshire? on Kalshi

If New Hampshire US Senate has the smallest margin of victory among all elections in the November 3, 2026 general elections for Michigan US Senate and New Hampshire US Senate as of Nov 10, 2026, then the market resolves to Yes.

Settles on: Michigan Secretary of State, New Hampshire Secretary of State.

Market says (typical open contract)

100%

Median YES price across 2 open contracts, 10 Nov 2026 04:28 UTC.

Real-world odds

—

No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.

Luck needed meter

1% 😈

All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.

The cover charge

Fee and break-even by purchase price
If you buy at	Fee per contract	On $50	Win rate to break even
30¢	1.5¢	$2.45	31.5%
50¢	1.8¢	$1.75	51.7%
70¢	1.5¢	$1.05	71.5%
90¢	0.6¢	$0.35	90.6%
99¢ (now)	0.1¢	$0.04	99.1%

Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.

How long until your balance is $0 in this market? →

Open contracts right now

Open contracts in this series with price, implied probability, volume and close time
Contract	YES price	Implied	Fee at this price	Real-world odds	Luck needed	Volume	Closes
Will New Hampshire US Senate have the smallest margin of victory in the November 3, 2026 general elections for Michigan US Senate and New Hampshire US Senate? · New Hampshire US Senate	0¢	0%	0.0¢	—	1%	8,855	Nov 10, 15:00 UTC
Will Michigan US Senate have the smallest margin of victory in the November 3, 2026 general elections for Michigan US Senate and New Hampshire US Senate? · Michigan US Senate	100¢	100%	0.0¢	—	1%	8,203	Nov 10, 15:00 UTC

Who actually wins this market

Whoever posts the resting orders and collects the spread without paying a fee.
The venue, on every fee.
Not, on average, the person clicking buy because the chart is going their way. That was us.

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