What is the fee on Kalshi for this market?

At the current typical price of 10¢, about 1¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.15.

What win rate do I need to break even?

About 11% if you hold to settlement, against a market price of 10%. The gap is the fee.

Markets › Kalshi › Entertainment

Who will be on the cover of the Sports Illustrated Swimsuit Issue? on Kalshi

If it is announced that Yumi Nu is on the cover of 2027 Sports Illustrated Swimsuit Issue, then the market resolves to Yes.

Settles on: The Washington Post, Game Informer, Stereogum, official website of media, Kotaku, NME, GameSpot, Polygon, Fox News, media and its parent company or publisher, verified social media accounts of the cover subject(s) or creator(s), MSNBC, The Wall Street Journal, Rolling Stone, The Hollywood Reporter, Semafor, The Information, Publishers Weekly, Entertainment Weekly, official social media accounts of media, NBC, Spin, Pitchfork, Reuters, Axios, the New York Times, IGN, ABC News, Variety, CNN, Bloomberg News, Billboard, the Associated Press, Media Week, Politico, CBS.

Market says (typical open contract)

10%

Median YES price across 19 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

20% 😈

Mostly decided, says the market. You are paying a fee to collect a few cents the market already agrees on.

The cover charge

Fee and break-even by purchase price
If you buy at	Fee per contract	On $50	Win rate to break even
10¢ (now)	0.6¢	$3.15	10.6%
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%

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 Ella Halikas be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Ella Halikas	24¢	24%	1.3¢	—	47%	4,237	Dec 31, 15:00 UTC
Will Hailey Van Lith be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Hailey Van Lith	13¢	13%	0.8¢	—	26%	2,814	Dec 31, 15:00 UTC
Will Nina Agdal be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Nina Agdal	8¢	8%	0.5¢	—	15%	2,437	Dec 31, 15:00 UTC
Will Martha Stewart be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Martha Stewart	4¢	4%	0.3¢	—	8%	1,990	Dec 31, 15:00 UTC
Will Haley Kalil be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Haley Kalil	16¢	16%	0.9¢	—	31%	1,788	Dec 31, 15:00 UTC
Will Kate Upton be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Kate Upton	12¢	12%	0.7¢	—	23%	1,674	Dec 31, 15:00 UTC
Will Camille Kostek be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Camille Kostek	12¢	12%	0.7¢	—	24%	1,512	Dec 31, 15:00 UTC
Will Chrissy Teigen be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Chrissy Teigen	9¢	9%	0.6¢	—	18%	1,445	Dec 31, 15:00 UTC
Will Irina Shayk be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Irina Shayk	10¢	10%	0.7¢	—	21%	1,236	Dec 31, 15:00 UTC
Will Olivia Dunne be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Olivia Dunne	10¢	10%	0.6¢	—	19%	923	Dec 31, 15:00 UTC
Will Yumi Nu be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Yumi Nu	9¢	9%	0.6¢	—	18%	813	Dec 31, 15:00 UTC
Will Hunter McGrady be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Hunter McGrady	8¢	8%	0.5¢	—	16%	628	Dec 31, 15:00 UTC
Will Ashley Graham be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Ashley Graham	12¢	12%	0.7¢	—	23%	620	Dec 31, 15:00 UTC
Will Jordan Chiles be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Jordan Chiles	9¢	9%	0.6¢	—	18%	426	Dec 31, 15:00 UTC
Will Brooks Nader be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Brooks Nader	7¢	7%	0.5¢	—	14%	381	Dec 31, 15:00 UTC
Will Ciara be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Ciara	4¢	4%	0.3¢	—	9%	371	Dec 31, 15:00 UTC
Will Jasmine Sanders be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Jasmine Sanders	10¢	10%	0.6¢	—	20%	369	Dec 31, 15:00 UTC
Will Kim Petras be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Kim Petras	12¢	12%	0.7¢	—	24%	210	Dec 31, 15:00 UTC
Will Lauren Chan be on the cover of 2027 Sports Illustrated Swimsuit Issue? · Lauren Chan	10¢	10%	0.7¢	—	21%	153	Dec 31, 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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