Will legislation that transfers Homeland Security Investigations (HSI) out of ICE to establish it as a separate entity within the Department of Homeland Security become law in 2026?
KXICEREFORM-HSI · closes Jan 1, 2027 · 261 days remaining
Price
Last
13¢
Bid
12¢
Ask
19¢
Spread
7¢
24h Volume
$114.97
Open Interest
$333.97
Indicator Stack
| Indicator | Value | Meaning |
|---|---|---|
| IY (Yes) | 1023.7% | Annualized return if held to expiry, computed from the YES side |
| IY (No) | 19.0% | Annualized return on the NO side |
| CRI | 7 | Cliff Risk Index — how fast the market is approaching resolution |
| EE | — | Event Overround — sum of YES prices across sibling outcomes |
| Overround | -0.4% | Multi-outcome arb signal across the event family |
| LAS | — | Liquidity Availability Score — null when ticker is outside the warm cron top 500 |
| CVR | — | Contagion Velocity Rate — null when not in warm cron |
| RV | — | Realized Volatility — annualized stddev of returns from 48h price history |
| VR | — | Vol Ratio — realized vol / theoretical max. >0.8 very active, <0.1 dead |
| IAR | — | Info Arrival Rate — meaningful price changes per hour (48h window) |
| Adj IY | 512% | Risk-Adjusted IY — penalizes dead markets (low VR) and high friction (high LAS) |
| Residual VR | — | VR minus expected VR from scheduled catalysts. Positive = market knows something calendar doesn't |
LAS / CVR are null because this market is outside the warm-regime cron's top 500 by 24h volume. Coverage is sparse by design.
7-Day History
5 indicator snapshots · 5 regime snapshots
Regime Snapshot
Score
0.409
Label
neutral
Spread
7¢
Computed
4/15/2026, 3:43:01 AM
About this market
If legislation that transfers Homeland Security Investigations (HSI) out of ICE to establish it as a separate entity within the Department of Homeland Security has become law before Jan 1, 2027, then the market resolves to Yes.
How to trade
View on kalshi: external link →
Or with the sf CLI: sf trade KXICEREFORM-HSI yes 100