SimpleFunctions
Winner-take-all answer·6 source contracts·Kalshi 6·refreshed just now·Closes Apr 1, 2027 · 284d

When will Beam Therapeutics Inc. submit a BLA for Ristoglogene autogetemcel (risto-cel) to the FDA

Leader sits at 65% across 6 bound outcomes, runner-up at 59%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

65%

before April 2027

runner-up 59¢leader 65¢

Outcomes

6

winner-take-all

Runner-up

59¢

before 2027

Spread

6pp

contested

24h volume

$8

thin orderbook

Closes

Apr 1, 2027

284 days

Venue

Kalshi

6 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodaybefore April 2027: 65% (12 days, 6 points)before April 2027: 65% on 2026-06-12before 2027: 59% (12 days, 3 points)before 2027: 59% on 2026-05-27before December: 53% (12 days, 9 points)before December: 53% on 2026-06-20
before April 202765¢before 202759¢before December53¢
Top 3 candidates by current price · 12d

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

This 66% probability reflects market expectations that Beam Therapeutics will submit a Biologics License Application (BLA) for risto-cel, a gene-editing therapy for a blood disorder, to the FDA by a specific deadline. The current level balances clinical trial progress and regulatory timelines against typical delays in manufacturing scale-up and FDA interactions for novel therapies. Key drivers include whether ongoing Phase 3 trial data meets efficacy and safety endpoints, manufacturing readiness for commercial production, and any pre-submission meetings with the FDA that signal timeline confidence. The main catalyst will be Beam's next earnings call or investor presentation, where management typically provides updated BLA submission guidance. Contract pricing shows meaningful disagreement about whether submission occurs before December versus earlier, suggesting uncertainty around near-term trial readouts and regulatory feedback.

  • Phase 3 clinical trial enrollment status and interim efficacy/safety data—delays in patient recruitment or adverse events would reduce submission probability
  • Manufacturing scale-up progress for risto-cel production capacity, as commercial manufacturing readiness is a stated prerequisite for BLA filing
  • Pre-BLA meeting outcomes with FDA that clarify regulatory requirements and identify any deficiencies that could delay submission
  • Beam's publicly stated BLA submission timeline from most recent earnings guidance and investor communications
  • Competitive pressure from COMPASS Pathways' psilocybin program, which shows market interest in novel psychiatric/neurological therapies and may affect Beam's priority

Recently closed in general

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

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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.

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