SimpleFunctions
Winner-take-all answer·6 source contracts·Kalshi 6·refreshed just now·Closes Jan 1, 2027 · 190d

Will Tokenized U.S. Treasuries (Distributed Value) before 2027 be above 25 Billion

Leader sits at 32% across 6 bound outcomes, runner-up at 26%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

32%

Above 25 Billion

runner-up 26¢leader 32¢

Outcomes

6

winner-take-all

Runner-up

26¢

Above 30 Billion

Spread

6pp

contested

24h volume

$20

thin orderbook

Closes

Jan 1, 2027

190 days

Venue

Kalshi

6 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayAbove 25 Billion: 31% (16 days, 13 points)Above 25 Billion: 31% on 2026-06-25Above 30 Billion: 27% (16 days, 11 points)Above 30 Billion: 27% on 2026-06-24Above 35 Billion: 21% (16 days, 7 points)Above 35 Billion: 21% on 2026-06-24
Above 25 Billion31¢Above 30 Billion27¢Above 35 Billion21¢
Top 3 candidates by current price · 16d

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 32% probability reflects market assessment that tokenized U.S. Treasuries will reach $25 billion in distributed value by year-end 2026—a technical milestone for blockchain-based Treasury infrastructure. Current adoption remains modest, with several federal agencies and fintech firms testing issuance frameworks, but regulatory clarity and institutional participation remain unresolved. The near-term driver is whether the Federal Reserve or Treasury Department formally endorses tokenized Treasury platforms; resistance or delays would lower odds significantly. A secondary factor is whether major financial institutions commit to infrastructure integration before year-end. The biggest uncertainty is the December 2026 Treasury Department report on digital asset settlement—expected guidance could either accelerate institutional adoption toward the $25 billion threshold or confirm tokenized Treasuries remain experimental. Market pricing suggests participants view $25 billion as achievable but uncertain, with higher thresholds ($30B, $35B) less favored.

  • Federal Reserve or Treasury Department formal endorsement or pilot program expansion occurs by Q4 2026
  • Major institutional financial firms (banks, investment managers) announce concrete integration or custody solutions for tokenized Treasury products
  • Regulatory framework clarifies tax treatment, settlement finality, and central bank operational status for blockchain-based Treasuries
  • Current distributed value of tokenized Treasuries and measured quarter-over-quarter growth rate relative to $25 billion target
  • Competing traditional digital settlement infrastructure (CBDC pilots, RWA platforms) attracts capital flows that would otherwise support Treasury tokenization

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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