SimpleFunctions

What state will be first in the Democratic presidential primary

New Hampshire is priced at 46¢ on Kalshi. Current book: 37¢ bid, 45¢ ask, 8¢ spread. This outcome ranks #1 of 4 inside What state will be first in the Democratic presidential primary.

Price history

46¢ current

+8¢
40¢50¢
May 27, 2026Jun 23, 2026

Contract brief

If New Hampshire is the first Democratic primary or caucus during the 2028 presidential cycle, then the market resolves to Yes.

Outcome

New Hampshire

Rank

#1 of 4

Leader

New Hampshire 37¢

Range

1¢-37¢

Family volume

$14

Identifier

KXFIRSTPRIMARYD-28-NH

Jun 26, 2026, 7:38 AM UTC · 15m ago

Implied probability

46¢
Latest venue quote
Jun 26, 2026, 7:38 AM UTC · 15m ago

Bid

37¢

Ask

45¢

Spread

Reported volume

$5K

Family rank

#1 of 4

4 outcomes · What state will be first in the Democratic presidential primary

Closes

Nov 7, 2028

Family volume

$14

Orderbook snapshot

37 / 45¢

Kalshi
8¢ spread
BidSize
37¢10
36¢99
4¢1.0K
4¢46
AskSize
45¢1
46¢57
50¢5
55¢1
59¢53

Contract terms

What resolves this market.

YES condition

If New Hampshire is the first Democratic primary or caucus during the 2028 presidential cycle, then the market resolves to Yes.

Venue

Kalshi

Closes

Nov 7, 2028

Identifier

KXFIRSTPRIMARYD-28-NH

SF Signal
SF Index
35.91
Regime
taker

Event family

What state will be first in the Democratic presidential primary.

The same race as a probability stack: rank, volume, and where this contract sits against the other outcomes.

Total volume

$14

Outcomes

4

Highest price

New Hampshire 37¢

Current share

0%

Indicators

Yield, cliff risk, volatility, and regime.

IY (Yes)

71.8%

IY (No)

24.8%

Adj IY

36%

CRI

2

Overround

-0.2%

Regime

taker

Score

0.636

Observability

direct

Event type

political

Full indicator table

71.8%
24.8%
Adj IY
36%
2
Overround
-0.2%

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How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.