How This Market Settles
Tracks whether the S&P 500 index closes above a given level on a given trading day.
Settles on
Settles on the end-of-day S&P 500 index value for that date. Kalshi's contract terms note the Exchange has modified the source agency and underlying used for index markets under its Rulebook.
Structure
Above/below strike markets at multiple strikes for the same trading day. Markets close at 4:00 PM ET and expire within a week of that date.
Settlement terms checked against Kalshi's contract terms on 2026-09-25.