SimpleFunctions
Winner-take-all answer·2 source contracts·Kalshi 2·refreshed just now·Closes Apr 1, 2027 · 191d

Will Securities and Exchange Commission (SEC) announce the publication of a final rule, with an effective date, making quarterly reporting optional for public companies before Jul 1, 2026

Leader sits at 42% across 2 bound outcomes, runner-up at 17%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

42%

Before Apr 1, 2027

0¢runner-up 17¢leader 42¢

Outcomes

2

winner-take-all

Runner-up

17¢

Before Jan 1, 2027

Spread

25pp

contested

24h volume

$0

thin orderbook

Closes

Apr 1, 2027

191 days

Venue

Kalshi

2 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayBefore Apr 1, 2027: 42% (22 days, 20 points)Before Apr 1, 2027: 42% on 2026-09-18Before Jan 1, 2027: 17% (22 days, 17 points)Before Jan 1, 2027: 17% on 2026-09-19
Before Apr 1, 202742¢Before Jan 1, 202717¢
Top 2 candidates by current price · 22d

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

The 42% probability reflects market belief that the SEC will finalize a rule allowing quarterly reporting to be optional for public companies before April 1, 2027. Currently, quarterly reporting (10-Q filings) is mandatory for all public companies under securities law. The timeline suggests regulatory momentum exists but faces typical delays in rulemaking. The probability would rise if the SEC formally proposes such a rule or signals it as a priority; it would fall if competing regulatory initiatives take precedence or Congress restricts the SEC's authority. The key catalyst is whether the SEC issues an advance notice of proposed rulemaking (ANPR) or formal proposal on this topic, typically signaled through public agency agendas or commissioner statements. Market pricing suggests meaningful but uncertain likelihood of action within this timeframe.

  • ›The SEC must both propose and finalize a rule; final rules typically require 6-12+ months from formal proposal to publication, creating timing pressure for a pre-April 2027 deadline
  • ›No formal SEC proposal on optional quarterly reporting has been publicly announced as of mid-2026, suggesting this outcome requires new regulatory initiative rather than completion of ongoing work
  • ›Congressional action, budget priorities, or shifts in SEC leadership could reprioritize rulemaking agendas and affect the likelihood of this specific rule being finalized
  • ›Market pricing at 42% implies roughly 3-in-7 odds, suggesting meaningful uncertainty rather than consensus that the SEC will pursue this regulatory change
  • ›The runner-up contract (17%) for pre-January 2027 resolution shows markets view an earlier timeline as substantially less likely, indicating expectation of regulatory delays if action occurs at all

What moved the line

  • Sep 17Before Apr 1, 2027↓11pp42→31¢ · Kalshi
  • Sep 18Before Apr 1, 2027↑11pp31→42¢ · Kalshi
  • Sep 17Before Jan 1, 2027↓4pp17→13¢ · Kalshi
  • Sep 18Before Jan 1, 2027↑3pp13→16¢ · 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.

Lateral coverage

Thin contract — here's where the deeper coverage is.

This page aggregates 2 contracts (42% headline). At low contract count, the price reflects two participants’ opinions, not a market consensus. The links below are heavier related questions where the orderbook signal is real.

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: just now.