SimpleFunctions
Winner-take-all · 6 outcomes6 contractsKalshirefreshed 3 min agoCloses Jun 1, 2027 · 388d

Will US tariff revenue for 2026 be above $200‎ billion

Leader sits at 90% across 6 bound outcomes, runner-up at 90%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

90%

Above $100‎ billion

runner-up 90¢leader 90¢

Outcomes

6

winner-take-all

Runner-up

90¢

Above $80‎ billion

Spread

0pp

contested

24h volume

$25

thin orderbook

Closes

Jun 1, 2027

388 days

Venue

Kalshi

6 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayAbove $100‎ billion: 90% (7 days, 5 points)Above $100‎ billion: 90% on 2026-05-07Above $80‎ billion: 92% on 2026-04-25Above $125‎ billion: 86% (7 days, 2 points)Above $125‎ billion: 86% on 2026-04-14
Above $100‎ billion90¢Above $80‎ billion92¢Above $125‎ billion86¢
Top 3 candidates by current price · 7d

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 92% probability reflects market expectations that US tariff revenue in 2026 will exceed $200 billion. This estimate reflects the current tariff policy environment and import volumes. The probability is driven primarily by the existing tariff regime in place and projected trade volumes; it would decline if tariff rates were reduced or imports fell unexpectedly, and would rise if tariffs were increased or enforced more broadly. The resolution hinges on final 2026 US Customs revenue data, typically released by the Treasury Department in early 2027, though preliminary quarterly figures throughout 2026 will provide incremental signals about whether collections are tracking toward the threshold. Current geopolitical tensions and supply-chain dynamics could shift import patterns before year-end.

  • Existing US tariff rates as of May 2026 and whether they remain in effect through December without material reductions
  • Import volume trends through mid-2026; significant drops in imports would lower total tariff revenue regardless of rate levels
  • Cumulative tariff collections reported through Q3 2026; if collections already exceed ~$150 billion by September, the threshold becomes highly probable
  • Policy changes such as tariff exemptions, negotiations, or rate adjustments announced between May and December 2026
  • Enforcement intensity and duty collection by US Customs; variation in assessment or payment timing can affect annual totals

What moved the line

  • May 2Above $200‎ billion5pp5853¢ · Kalshi
  • May 6Above $200‎ billion3pp5350¢ · Kalshi

Recently closed in recession

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.

Last updated on this page: 3 min ago.