Who will win 2027 Chicago mayoral election?

Prediction markets currently give a 10% probability that Who will win 2027 Chicago mayoral election?. This contract trades at 10¢ on Kalshi, closing February 23, 2028. This market shows extreme illiquidity with zero 24-hour volume and only $1,406 open interest, making the 619% implied yield on the Yes side largely theoretical rather than actionable.

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10¢
Bid/Ask 7/10¢·Spread 3¢·Vol $0·OI $1,421·Closes Feb 23, 2028·673d remaining
KXCHICAGOMAYOR-27-BJOH

Analysis

4d ago

This market shows extreme illiquidity with zero 24-hour volume and only $1,406 open interest, making the 619% implied yield on the Yes side largely theoretical rather than actionable. The 10-cent price reflects a very low probability for incumbent Brandon Johnson's reelection, though with 678 days to expiry there's substantial time for political conditions to shift. The 2-cent spread and neutral regime score suggest limited conviction among traders, and the 12 Cliff Risk Index warrants caution about potential sharp repricing closer to the election.

Resolution rules

If Brandon Johnson wins the 2027 Chicago mayoral election, then the market resolves to Yes.

Indicators

IY (Yes) 720.8%
IY (No) 4.1%
Adj IY 360%
CRI 13
Overround -0.2%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)720.8%
IY (No)4.1%
Adj IY360%
CRI13
Overround-0.2%

Regime

Label
neutral
Score
0.5
Spread
3¢
Computed
4/21/2026, 8:19:25 PM
Indicators computed 4/21/2026, 8:08:17 PM

Trade

View on kalshisf trade KXCHICAGOMAYOR-27-BJOH yes 100

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