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How many executive orders will Trump sign in his second term?

Live prices from Kalshi, ordered by what the market thinks. These are raw ask prices, what it actually costs to take the position, margin included.

OutcomeKalshi
Between 400 and 449 21¢
Between 350 and 399 18¢
Between 450 and 499 17¢
Between 500 and 549 11¢
Between 550 and 599
Below 300
Between 300 and 349
Between 650 and 699
Between 600 and 649
Above 800
Between 700 and 749
Between 750 and 800

Only outcomes with a live two-sided quote are shown. No Polymarket equivalent was matched with enough confidence to publish, so this page is Kalshi only. Prices as of Thu, 17 Sep 2026 04:55:28 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 109%. A fair book sums to 100. The excess is the house's cut, paid by whoever trades, and it is the reason the same opinion costs different amounts in different places. That number is what this site is named after.

Your call

The market says 21%. It got there by making everyone who disagreed put money behind it. You do not have to, so this is the cheap version of the same question, and the interesting number is how far the two drift apart.

21%

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The record

What this market has cost every day since 21 December 2025, taken from the exchange's own published history. The line is the mid price, halfway between what a buyer would pay and a seller would take.

0 25 50 75 100 DecJanFebMarAprMayJunJulAugSept Between 400 and 44 19.5 Between 350 and 39 16 Between 450 and 49 16

Over this window Between 400 and 449 went from 4.5 to 19.5, a move of 15 points toward happening.

The other 1 contract in this field is left off the chart rather than drawn in a colour nobody could tell apart; it is all in the table above. Kalshi removes a contract from its interface once it settles and Polymarket buries closed events, so this page is the copy that stays put. We also record our own snapshot once a day, independently, because a history published by the house is worth checking against one kept by somebody with no position in it.

See this on Kalshi

What settles this

Settlement source
the Federal Register
Contract terms
Kalshi product certification (PDF)
Closes
Sun, 21 Jan 2029 04:59:00 UTC
Resolution, for the Between 400 and 449 contract
If the President signs between 400 and 449 Executive Orders during his second term, then the market resolves to Yes.
Ticker
KXEOTRUMPTERM-29JAN20

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