Kalshi traders slash re-opening odds after Trump delays July 1 timeline
Kalshi prediction-market odds on the US re-opening by July 1 crashed to near-historic lows by May 30, 2026, after President Trump delayed action on the issue, with the betting line retracing to levels last seen just before markets priced an imminent re-opening, according to data accessed at 10 PM CT that evening. Separately, Kalshi crude oil futures re-opening odds for July 1 also fell to their lowest recorded level as of 12:30 p.m. CT on June 1, 2026, marking a downward shift in trader sentiment on normalized crude futures trading. Both moves reflect broad-based pessimism across Kalshi's re-opening verticals tied to Trump's delay.
Robinhood carries the majority of Kalshi's volume. Sustained repricing in re-opening contracts cuts the exchange's revenue base ahead of its perpetual futures launch, when Robinhood's clearing terms are already under strain from the sports calendar thinning.
Joins art and crypto as the third new Kalshi vertical in under two weeks, after the exchange launched CFTC-regulated perpetual futures and a collectible-art prediction market, positioning the platform's breadth against Polymarket's narrower political-and-event focus.