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How much government spending will Trump cut before his term ends?

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 100 billion
At least 150 billion
At least 200 billion
At least $1 billion
At least 500 billion
At least 50 billion 10¢
At least 250 billion 7.5¢
At least 750 billion 5.9¢
At least 1 trillion 4.8¢
At least 2 trillion

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 04:51:42 UTC.

Your call

The market says 9%. 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.

9%

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The record

What this market has cost every day since 23 July 2026, 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 JulAugSept At least 100 billi 8.5 At least $1 billio 7 At least 50 billio 6.5

Over this window At least 100 billion went from 4 to 8.5, a move of 4.5 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
FRED
Contract terms
Kalshi product certification (PDF)
Closes
Sat, 31 Mar 2029 15:00:00 UTC
Resolution, for the At least 100 billion contract
If government spending (FGEXPND) is at least $100 billion below the Q4 2024 level in any quarter through Q4 2028, then the market resolves to Yes.
Ticker
KXGOVTCUTS-28

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