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If ALL of the following occur: Hormuz traffic: Back to normal, Gas price: $3.40 to $3.79, then the market resolves to Yes. For all outcomes in this market, Hormuz traffic is “Back to normal” if the 7-day moving average of transit calls through the Strait of Hormuz as reported by the IMF PortWatch is above 60 at any time before Jul 1, 2027, and “Not back to normal” if it is not, and Gas price refers to the AAA national average price for regular gasoline on Jul 31, 2027. This is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Hormuz traffic (POLITICALSTAT), Gas price (AAAGAS). Revisions published after expiration will not be considered. Each price range runs from its lower bound up to, but not including, the next range's lower bound. For example, “$3.40 to $3.79” covers $3.40 up to but not including $3.80, “$4.20 or above” includes $4.20, and “Below $3.40” covers prices less than $3.40.

If ALL of the following occur: Hormuz traffic: Back to normal, Gas price: $3.40 to $3.79, then the market resolves to Yes. For all outcomes in this market, Hormuz traffic is “Back to normal” if the 7-day moving average of transit calls through the Strait of Hormuz as reported by the IMF PortWatch is above 60 at any time before Jul 1, 2027, and “Not back to normal” if it is not, and Gas price refers to the AAA national average price for regular gasoline on Jul 31, 2027. This is a combination market requiring ALL specified outcomes to occur for the contract to pay out. If ANY single component resolves to No or becomes impossible, the entire contract immediately resolves to No. Each component is resolved according to its corresponding Kalshi ruleset: Hormuz traffic (POLITICALSTAT), Gas price (AAAGAS). Revisions published after expiration will not be considered. Each price range runs from its lower bound up to, but not including, the next range's lower bound. For example, “$3.40 to $3.79” covers $3.40 up to but not including $3.80, “$4.20 or above” includes $4.20, and “Below $3.40” covers prices less than $3.40.

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Key stats

Expiry
Jul 31, 2027(261 days)

Details

Timeline & rules

Timeline & payout

This market will close and expire when an outcome occurs. Otherwise, it closes by Jul 31, 2027, 3:59 AM GMT+0.

Trading prohibitions

The following are prohibited from trading this contract:
  • Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
  • Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
  • Cabinet members and their immediate staff.
  • Federal Reserve Board members and regional Fed presidents.
  • Members of Congress and their senior staff.
  • White House senior staff and advisors.
  • Heads of relevant federal agencies referenced in components.
  • Employees of Bureau of Labor Statistics, Bureau of Economic Analysis, Census Bureau.
  • Employees with pre-release access to economic data.
  • Federal statistical agency employees involved in data compilation.
  • Contractors with access to embargoed data.
  • Campaign managers and senior campaign staff for referenced candidates.
  • Political party leadership if election/appointment components included.
  • Judicial clerks if Supreme Court components included.
  • Congressional committee staff for relevant committees.
  • Journalists with embargo access to referenced data.
  • Employees of Source Agencies who cover relevant beats.
  • Political polling organization employees if polling components included.
  • Foreign government officials involved in treaty/agreement negotiations (if applicable).
  • Diplomatic staff with knowledge of agreement timing.
  • International organization employees (IMF, World Bank, UN) if relevant.
  • Immediate family members of all above categories.
  • Household members of prohibited persons.
  • Any candidate currently listed as a market within this event
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FAQs

A prediction market lets you trade contracts on future events. Each pays $1 if the event happens, $0 if not. The price reflects the market’s odds. For example, $0.65 means a 65% chance. Buy “Yes” if you think it will happen, “No” if not. If you’re right, you earn $1 minus what you paid (minus fees).

When you buy “Yes”, you're betting the event will happen. If it does, you earn $1 per contract. When you buy “No”, you're betting the event will not happen. If it doesn't, you earn $1 per contract.

You can trade regulated “Yes/No” contracts on outcomes in crypto, economics, politics, sports, entertainment, technology, science, and more. New markets are added regularly, all with clear rules and settlement policies based on the result.

You need a Coinbase account and must complete onboarding to Coinbase Financial Markets (CFM), our regulated derivatives entity. This includes identity verification and basic income/net worth details. Once approved, you can fund your account and start trading.

You can use the cash (USD and USDC) in your main Coinbase account to trade. Cash held for positions will be moved to your derivatives account. When you close positions, freed up funds will be transferred back to your main Coinbase account.

Each market has rules that explain how its outcome is decided. When the event happens, an independent, regulated exchange determines the result using a stated “source of truth,” such as official data, market prices, or trusted news. Settlement is based only on that source, which is listed in the contract before you trade.

Settlement is when a market ends and contracts are converted to their final value. You receive $1 if the event happened and $0 if it did not. Payouts are then made to traders.

When the event result is confirmed, each correct contract you hold settles at $1, and each incorrect contract settles at $0. Your total payout is $1 × number of winning contracts, and your profit is that payout minus what you originally paid (minus any fees).



For example, say you buy 10 “Yes” contracts at $0.40 each, this costs you $4.00. If the event happens, each contract pays you $1.00. The payout credited to you would be 10 * $1.00 = $10.00. However, your profit would be $10.00 - $4.00 = $6.00 (minus fees).

Payouts happen after settlement, but settlement transfers may be delayed on U.S. bank holidays, weekends, or outside banking hours. Delays can also occur while an independent third party confirms the result. You can find more details on the contract pages.

When you trade, a fee is applied. This covers costs for operating the market and the broker fee. Fees vary by market and are shown in the trade preview before you place your order.

You can trade prediction markets 24/7, except during the weekly maintenance window from Thursday 3:00–5:00 am ET, when trading is paused.

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Legal
Prediction markets are offered by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association. Trading prediction contracts involve substantial risk and may result in the loss of your entire investment. Contracts pay out only if the specified event occurs. Trade only if you understand the product and believe it is appropriate for your financial situation and objectives.Certain content has been prepared by third parties not affiliated with Coinbase Financial Markets or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. Past performance is not a reliable indicator of future results.