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Will a court block Montana's I-194 corporate political spending ban? on Kalshi
If any federal or state court issues a temporary restraining order or a preliminary or permanent injunction barring enforcement of Montana Initiative 194 (2026), or declares it invalid or unenforceable, in whole or in part in Frontier Institute v. Knudsen (D. Mont.), any appeal of that action, or any other action challenging Initiative 194's validity before Jan 1, 2027, then the market resolves to Yes.
Settles on: CourtListener, Montana Courts, Law360, PACER, Justia, Bloomberg Law, the Associated Press, Reuters, Courthouse News Service.
The cover charge
| 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% |
| 51¢ (now) | 1.7¢ | $1.72 | 52.7% |
| 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.
Open contracts right now
| Contract | YES price | Implied | Fee at this price | Real-world odds | Luck needed | Volume | Closes |
|---|---|---|---|---|---|---|---|
| Will a court block Montana's I-194 spending ban in 2026? · Before Jan 1, 2027 | 50¢ | 50% | 1.7¢ | — | 99% | 0 | 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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