SimpleFunctions
Winner-take-all · 7 outcomes7 contractsKalshirefreshed 2 min agoCloses Feb 28, 2027 · 295d

Will percentage of USDT reserves held in U.S. Treasury Bills at the end of 2026 be above 56.0%

Leader sits at 85% across 7 bound outcomes, runner-up at 76%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

85%

Above 56.0%

runner-up 76¢leader 85¢

Outcomes

7

winner-take-all

Runner-up

76¢

Above 58.0%

Spread

9pp

contested

24h volume

$11

thin orderbook

Closes

Feb 28, 2027

295 days

Venue

Kalshi

7 bound

30-day trend

0%50%100%-30d-3w-2w-1wtodayAbove 56.0%: 58% (11 days, 3 points)Above 56.0%: 58% on 2026-05-01Above 58.0%: 41% (11 days, 8 points)Above 58.0%: 41% on 2026-05-01Above 60.0%: 40% (11 days, 8 points)Above 60.0%: 40% on 2026-05-01
Above 56.0%58¢Above 58.0%41¢Above 60.0%40¢
Top 3 candidates by current price · 11d

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 tracks whether Tether (USDT) will hold more than 56% of its reserves in U.S. Treasury Bills by the end of 2026. The 85% probability reflects market confidence this threshold will be exceeded. The current level is driven by Tether's ongoing shift toward higher-quality collateral following regulatory pressure and competitive dynamics with other stablecoins. The main uncertainty centers on how aggressively Tether's management maintains Treasury allocation versus other reserve types, and whether regulatory changes affect their reserve strategy. The resolution will depend on Tether's officially reported reserve composition released at year-end 2026, which constitutes the decisive catalyst for settling this contract. Market participants are essentially pricing in continued Treasury preference as Tether responds to institutional and regulatory expectations around stablecoin backing.

  • Tether's current publicly reported Treasury allocation and historical trend toward increasing this percentage
  • Regulatory developments affecting stablecoin reserve requirements or acceptable collateral types through 2026
  • Competitive pressure from other stablecoins like USDC, which may influence Tether's reserve composition strategy
  • Interest rate environment and yields on Treasury Bills versus alternative reserve assets Tether might hold
  • Tether's official year-end 2026 reserve attestation report, which will provide the definitive measurement for contract resolution

What moved the line

  • May 2Above 62.0%8pp3341¢ · 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.

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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: 2 min ago.