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The Overround / Markets / Elections

Who will be the next new Speaker of the House?

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
Hakeem Jeffries 86¢
Steve Scalise 10¢
Jim Jordan 6.6¢

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 Wed, 04 Nov 2026 10:45:55 UTC.

The overround on this market

Add up what it costs to back every outcome here and Kalshi's board comes to 102.6%. 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 86%. 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.

86%

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The record

What this market has cost every day since 8 February 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 FebMarAprMayJunJulAugSeptOctNov Hakeem Jeffries 82.5 Jim Jordan 6.9 Steve Scalise 6.5

Over this window Hakeem Jeffries went from 74 to 82.5, a move of 8.5 points toward happening.

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 New York Times, the Associated Press, Reuters, Axios, Politico, Semafor, The Information, The Washington Post, The Wall Street Journal, ABC, CBS, CNN, Fox News, MSNBC, U.S. House of Representatives, Bloomberg News, NBC, the Office of the Speaker of the House
Contract terms
Kalshi product certification (PDF)
Closes
Wed, 01 Jan 2031 15:00:00 UTC
Resolution, for the Hakeem Jeffries contract
If Hakeem Jeffries is the first Speaker of the House after Mike Johnson, before Jan 1, 2031, then the market resolves to Yes.
Ticker
KXNEXTSPEAKER-31

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