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How much government spending will Trump cut before 2027?

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
At least 2 trillion
At least 250 billion 5.3¢
At least 500 billion 4.8¢
At least 50 billion 5.4¢
At least 750 billion
At least 1 trillion 3.8¢

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 04:52:11 UTC.

Your call

The market says 7%. 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.

7%

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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 At least 2 trillio 5.2 At least 250 billi 4.6 At least 50 billio 3.6

Over this window At least 250 billion went from 19.5 to 4.6, a move of 15 points away from 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
FRED
Contract terms
Kalshi product certification (PDF)
Closes
Wed, 31 Mar 2027 15:00:00 UTC
Resolution, for the At least 2 trillion contract
If government spending decreases by at least 2000 billion during Q4 2024 to Q4 2026, then the market resolves to Yes.
Ticker
KXGOVTCUTS-26

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