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 › Elections

Prime Minister of Spain after the next general election? on Kalshi

If Santiago Abascal becomes Prime Minister of Spain as a result of government formation following the next Spanish general election and meets all constitutional requirements before Aug 22, 2028, then the market resolves to Yes.

Settles on: parliament or legislature of <country>, official government gazette or equivalent official publication of <country>, office of the head of state of <country>, major national news outlets of <country>, Financial Times, the Associated Press, official government websites of <country>, Reuters, The Guardian, BBC, The Washington Post, Bloomberg News, The New York Times.

Market says (typical open contract)

10%

Median YES price across 3 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 Pedro Sánchez become Prime Minister of Spain following the next Spanish general election? · Pedro Sánchez	10¢	10%	0.6¢	—	20%	23,970	Aug 22, 14:00 UTC
Will Santiago Abascal become Prime Minister of Spain following the next Spanish general election? · Santiago Abascal	3¢	3%	0.2¢	—	6%	13,235	Aug 22, 14:00 UTC
Will Alberto Núñez Feijóo become Prime Minister of Spain following the next Spanish general election? · Alberto Núñez Feijóo	88¢	88%	0.7¢	—	24%	8,742	Aug 22, 14:00 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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