What is the fee on Kalshi for this market?

At the current typical price of 4¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.36.

What win rate do I need to break even?

About 4% if you hold to settlement, against a market price of 4%. The gap is the fee.

Markets › Kalshi › Politics

Taylor Swift Pope on Kalshi

If Taylor Swift meets with Pope Leo XIV before Jan 1, 2027, then the market resolves to Yes.

Settles on: ABC, official social media accounts verified by the platform, official press release distribution services, Fox News, MSNBC, The Wall Street Journal, Semafor, Bloomberg News, The Information, CBS, NBC, The Washington Post, photographic or video evidence from accredited media organizations, Axios, official government websites, CNN, The New York Times, Politico, the Associated Press, official readouts from relevant governments or organizations, Reuters.

Market says (typical open contract)

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

8% 😈

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
4¢ (now)	0.3¢	$3.36	4.3%
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 Taylor Swift meet with Pope Leo XIV before Jan 2027? · Before Jan 1, 2027	4¢	4%	0.3¢	—	8%	22,122	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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