SimpleFunctions
Winner-take-all · 9 outcomes9 contractsKalshirefreshed 3 min agoCloses Sep 30, 2026 · 144d20pp · 23h

What will Circle Internet Group say during their next earnings call

Leader sits at 90% across 9 bound outcomes, runner-up at 41%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

90%

Testnet

runner-up 41¢leader 90¢

Outcomes

9

winner-take-all

Runner-up

41¢

Acceleration

Spread

49pp

contested

24h volume

$996

thin orderbook

Closes

Sep 30, 2026

144 days

Venue

Kalshi

9 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayTestnet: 70% (2 days, 2 points)Testnet: 70% on 2026-05-08Acceleration: 88% (2 days, 2 points)Acceleration: 88% on 2026-05-08Traffic: 51% (2 days, 2 points)Traffic: 51% on 2026-05-08
Testnet70¢Acceleration88¢Traffic51¢
Top 3 candidates by current price · 2d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

Markets are pricing a 70% probability that Circle Internet Group will mention testnet development during their next earnings call, with traffic-related statements as the second-most likely topic at 51%. This reflects trader expectations about what management priorities Circle will communicate to investors. The high testnet probability likely stems from the company's focus on blockchain infrastructure development, while lower probabilities for acceleration, fintech, and other topics suggest these are viewed as less probable discussion points. Resolution will occur when Circle holds their next scheduled earnings call, at which point listeners can verify whether testnet was actually discussed. The 24-hour trading volume concentrating on the testnet contract ($45 vs. $1-$33 elsewhere) suggests this is the market consensus view of what matters most to Circle's narrative.

  • Circle's recent product roadmap and development priorities indicate active testnet initiatives, making this discussion likely during earnings
  • The earnings call is a scheduled event where management typically emphasizes current technical work and infrastructure progress
  • The gap between testnet (70%) and traffic (51%) shows substantial disagreement about which topic matters second, suggesting uncertainty about management messaging priorities
  • Trading volume skew toward testnet ($45 in 24h volume) indicates concentrated conviction among traders on this outcome rather than dispersed confidence
  • Multi-outcome winner-take-all structure means only one resolution can occur, creating zero-sum positioning among traders backing competing narrative outcomes

What moved the line

  • May 8Acceleration84pp488¢ · Kalshi
  • May 8Traffic29pp2251¢ · Kalshi
  • May 8Testnet20pp5070¢ · Kalshi
  • May 8Treasury8pp412¢ · Kalshi
  • May 8Fintech3pp25¢ · Kalshi

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

More like this

Adjacent prediction questions.

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.

Last updated on this page: 3 min ago.