What is the fee on Kalshi for this market?

At the current typical price of 48¢, about 2¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $1.80.

What win rate do I need to break even?

About 50% if you hold to settlement, against a market price of 48%. The gap is the fee.

Markets › Kalshi › Economics

France credit rating downgrade on Kalshi

If a downgrade by Moody’s, S&P, or Fitch, of France’s long-term foreign-currency sovereign issuer rating is confirmed by any of the Source Agencies after Issuance and before Jan 1, 2027, then the market resolves to Yes.

Settles on: ABC, Associated Press, The Wall Street Journal, Semafor, The Information, Bloomberg, CBS, NBC, Axios, The Washington Post, Fox News, Reuters, CNN, Politico, MSNBC, the New York Times.

Market says (typical open contract)

48%

Median YES price across 1 open contract, 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

97% 😈

Mostly luck. The market itself expects the favorite to lose this often; the fee is the only certainty.

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%
48¢ (now)	1.7¢	$1.82	49.7%
50¢	1.8¢	$1.75	51.7%
70¢	1.5¢	$1.05	71.5%
90¢	0.6¢	$0.35	90.6%

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 a Moody’s, S&P, or Fitch downgrade of France’s credit rating be confirmed before 2027? · Downgrade before 2027?	48¢	48%	1.7¢	—	97%	2,604	Jan 01, 04:59 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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