KalshiCheck availabilityKYC required2% feeVerified resolution dataRoughly calibratedCurrent implied probabilityBefore Jan 1, 2031 56%Leader of 6 outcomes
Market quality
40 / 100
Low quality24h Volume
$0
Liquidity
$1.5K
Low liquidityBid / Ask
11.0% / 16.0%
Spread
5.0 pt
Moderate spreadMarket data
Updated 13 minutes ago
May 14, 26, 2:00 AMJan 1, 27, 4:59 AM
Trends
Paper funds only — no real moneyNot financial advice
Selected outcome
Before Jan 1, 202710%
Volume trend
$2Jul 210d of dataJul 27
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KALSHIActive in these topics
Rules
If the FDA approves midomafetamine / MDMA for PTSD for marketing before Jan 1, 2027, then the market resolves to Yes.
- An approval is defined as:
- For new drugs: FDA issuance of an approval letter for a New Drug Application (NDA) or Biologics License Application (BLA) For already-marketed drugs seeking new indications: FDA approval of a supplemental NDA (sNDA) or supplemental BLA (sBLA) for the specific indication referenced For generic drugs: FDA approval of an Abbreviated New Drug Application (ANDA) For biosimilars: FDA approval of a 351(k) application
- The following constitute approvals that trigger the Payout Criterion:
- Standard approval (traditional approval based on clinical benefit) Accelerated approval (based on surrogate endpoints) Approval with Risk Evaluation and Mitigation Strategy (REMS) Approval with restricted distribution or indication limitations, except compassionate use/expanded access programs
- The following do NOT constitute approvals: