What is the fee on Kalshi for this market?

At the current typical price of 5¢, about 0¢ per contract (7% × price × (1 − price), rounded up, on orders that take liquidity). On a $50 trade that is about $3.32.

What win rate do I need to break even?

About 5% if you hold to settlement, against a market price of 5%. The gap is the fee.

Markets › Kalshi › Politics

Musk endorses Democrat for President on Kalshi

If Elon Musk endorses the Democratic candidate for President in the 2028 U.S. presidential election, then the market resolves to Yes.

Settles on: C-SPAN, ABC, USA Today, Fox News, MSNBC, official political party websites, official campaign websites, The Wall Street Journal, Semafor, Roll Call, The Information, Federal Election Commission, New York Times, CBS, NBC, National Journal, Hill, The Washington Post, Axios, CNN, Reuters, Bloomberg News, the Associated Press, Politico.

Market says (typical open contract)

Median YES price across 1 open contract, 10 Nov 2026 09:57 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

10% 😈

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
5¢ (now)	0.3¢	$3.33	5.3%
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 Elon Musk endorse a Democrat for President in 2028? · In 2028	5¢	5%	0.3¢	—	10%	10,530	Nov 14, 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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