SimpleFunctions
Winner-take-all answer·4 source contracts·Kalshi 4·refreshed just now·Closes Dec 31, 2026 · 173d

Who will be the Lightweight Title Holder on Dec 31, 2026

Leader sits at 69% across 4 bound outcomes, runner-up at 8%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

69%

Justin Gaethje

runner-up 8¢leader 69¢

Outcomes

4

winner-take-all

Runner-up

Arman Tsarukyan

Spread

61pp

dominant leader

24h volume

$3K

modest

Closes

Dec 31, 2026

173 days

Venue

Kalshi

4 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayJustin Gaethje: 66% (30 days, 30 points)Justin Gaethje: 66% on 2026-07-11Arman Tsarukyan: 10% (30 days, 29 points)Arman Tsarukyan: 10% on 2026-07-11Ilia Topuria: 5% (30 days, 20 points)Ilia Topuria: 5% on 2026-07-10
Justin Gaethje66¢Arman Tsarukyan10¢Ilia Topuria5¢
Top 3 candidates by current price · 30d

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 market estimates a 56% probability that one specific fighter will hold the UFC Lightweight title on December 31, 2026. The current leader, ITOP, has nearly 3.5x the probability of the runner-up at 16%, suggesting market confidence in a particular outcome. The lightweight division's title trajectory depends primarily on whether the current champion retains the belt through 2026 or loses it to a challenger. Major factors include scheduled title fights, injury status of top contenders, and the competitive ranking within the division. The market will face substantial resolution clarity at each title defense or change of hands occurring between now and year-end. Kalshi's three linked contracts indicate traders are pricing the full range of potential lightweight title holders rather than treating this as binary.

  • Current lightweight champion's injury status and fight schedule through December 2026
  • Number and quality of ranked challengers who could feasibly capture the title before year-end
  • Timing of scheduled lightweight title defenses or championship bouts on the UFC calendar
  • Historical retention rate for UFC lightweight champions over 8-month periods
  • Market's pricing of the runner-up candidate (16%) versus ITOP leader (56%) implies specific fighter assumptions that can be validated against announced matchups

What moved the line

  • Jul 8Justin Gaethje12pp7260¢ · Kalshi
  • Jul 9Justin Gaethje8pp6068¢ · Kalshi
  • Jul 10Justin Gaethje8pp6860¢ · Kalshi
  • Jul 11Justin Gaethje6pp6066¢ · Kalshi
  • Jul 7Arman Tsarukyan5pp1510¢ · 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: just now.