LT
Logit Terminal Research
Probability-native market analytics
Data sourceKalshi (licensed)
Last updated2026-07-10T03:33
Status
Not trading advice
46markets scored
88,32424h contracts
0.0599median σ logit/hr

Most OverextendedWhat is this?

Markets with the largest recent logit-space move versus their own history.

How to read this table
Each market's recent move is measured in log-odds and standardized against its own history. Z = +2 means the market just moved further than ~95% of its typical moves — red = up, green = down. The bar has a zero baseline and a symmetric ±4σ scale. A large |Z| is a research flag, not a recommendation.
Needs a few more collection cycles of history before z-scores populate.

Distance From Crowd BasisWhat is this?

Current probability versus the approximate volume-weighted crowd cost basis.

How to read this table
The mini chart is a volume-at-price profile. The gold bar is the POC — the level where the most contracts changed hands, i.e. the crowd's approximate cost basis. The blue bar is current price. Stretch is the distance between them; conviction is the share of volume within ±5¢ of the POC.
MarketPriceCrowd basis?Distance?Volume profileConviction?Profiled vol
Will Missouri have a maximum drought category of at least D4 during June 4–July 30, 2026?
Settles Jul 31, 10AM ET·Droughtlevel
36¢70¢-34¢
88%96,165
Rain in Houston in Jul 2026?
Closes in 22d·Rainhoum
31¢50¢-19¢
56%THIN377
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
44¢35¢+9¢
99%THIN187
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
28¢20¢+8¢
55%1,305
Will there be more than 10 Atlantic hurricanes in 2026?
Settles Dec 1, 12AM ET·Tropstorm
52¢60¢-8¢
59%1,337
Will there be more than 100 tornadoes in July?
Closes in 22d·Tornado
76¢70¢+6¢
100%850
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
65¢60¢+5¢
96%1,788
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
60¢55¢+4¢
100%1,687
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
+4¢
100%576
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
19¢15¢+4¢
100%1,602
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
46¢50¢-4¢
100%16,041
Will Elida be the first named hurricane in the Eastern Pacific in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
43¢40¢+3¢
100%1,279
Will there be more than 2 major Atlantic hurricanes in 2026?
Settles Dec 1, 12AM ET·Hurctotmaj
33¢30¢+3¢
95%846
Rain in Houston in Jul 2026?
Closes in 22d·Rainhoum
17¢20¢-3¢
100%12,813
Will there be an at least 8.0 magnitude earthquake in California before 2028?
Closes in 905d·Earthquakeca
10¢-2¢
100%623
Rain in Chicago in Jul 2026?
Closes in 22d·Rainchim
92¢90¢+2¢
100%1,467
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
10¢-2¢
100%THIN208
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
+2¢
100%1,928
Will Bertha be the first named hurricane in the Atlantic in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
32¢30¢+2¢
100%THIN462
Will 2026 be the hottest year on record?
Closes in 175d
23¢25¢-2¢
100%1,786
Rain in Austin in Jul 2026?
Closes in 22d·Rainausm
57¢55¢+2¢
65%617
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
17¢15¢+2¢
100%THIN125
Rain in Houston in Jul 2026?
Closes in 22d·Rainhoum
12¢10¢+2¢
100%14,312
Rain in NYC in Jul 2026?
Closes in 22d·Rainnycm
63¢65¢-2¢
74%4,185
Will Fausto be the first named hurricane in the Eastern Pacific in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
32¢30¢+2¢
92%1,306

Reversion Follow-ThroughWhat is this?

After similar historical unusual moves, how much of the move was later given back within the next window.

How to read this panel
Every historical |Z| ≥ 2 unusual move in collected data is tracked one window forward: did the probability retrace or extend? The split bar is the observed base rate; avg retrace is how much of the typical move was given back (negative = moves kept extending).
Reversion sample still building — this panel appears once enough comparable unusual moves have been observed (terminal settlement moves are excluded).

Vol vs Peers — OutliersWhat is this?

Current hourly logit volatility compared with similar markets in the same lifecycle and expiry bucket.

How to read this table
σ logit/hr is each market's hourly volatility in log-odds. The × column compares it against the median of markets with similar time-to-expiry, since volatility naturally rises near resolution. = three times as jumpy as lifecycle peers.
MarketTrendPriceσ logit/hr?Vol vs peers?Vol 24h
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
28¢0.33845.61×519
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
19¢0.33195.5×1,122
Will there be an at least 8 magnitude earthquake in California before 2027?
Closes in 175d·Earthquakeca
0.17275.19×1,454
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
44¢0.19093.17×126
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
46¢0.18653.09×16,023
Will there be more than 100 tornadoes in July?
Closes in 22d·Tornado
76¢0.15292.54×549
Will Missouri have a maximum drought category of at least D4 during June 4–July 30, 2026?
Settles Jul 31, 10AM ET·Droughtlevel
36¢0.14792.45×9,737
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
10¢0.14712.44×157
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
17¢0.14562.41×125
Will there be at least 3 VEI4 eruptions worldwide in 2026?
Settles Dec 31, 12AM ET
10¢0.07752.33×2,342
Rain in Miami in Jul 2026?
Closes in 22d·Rainmiam
65¢0.13532.24×665
Rain in Houston in Jul 2026?
Closes in 22d·Rainhoum
31¢0.13082.17×131
Will Elida be the first named hurricane in the Eastern Pacific in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
43¢0.06892.07×1,231
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
0.12372.05×272
Will there be more than 10 Atlantic hurricanes in 2026?
Settles Dec 1, 12AM ET·Tropstorm
52¢0.06381.92×551
Jul 2026 temperature increase?
Closes in 37d·Hmonthrange
34¢0.11311.88×200
Will there be more than 125 tornadoes in July?
Closes in 22d·Tornado
44¢0.10971.82×1,264
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
0.10861.8×116
Will there be more than 150 tornadoes in July?
Closes in 22d·Tornado
16¢0.09661.6×486
Rain in Houston in Jul 2026?
Closes in 22d·Rainhoum
17¢0.09211.53×12,761
Will there be more than 2 major Atlantic hurricanes in 2026?
Settles Dec 1, 12AM ET·Hurctotmaj
33¢0.03991.2×804
Will Fausto be the first named hurricane in the Eastern Pacific in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
32¢0.03681.11×1,206
Rain in Dallas in Jul 2026?
Closes in 22d·Raindalm
0.06541.08×207
Will Dolly be the first named hurricane in the Atlantic in 2026?
Settles Dec 1, 12AM ET·Firsthurrica
20¢0.03481.05×194
Rain in Denver in Jul 2026?
Closes in 22d·Raindenm
60¢0.0611.01×128

CalibrationWhat is this?

How often markets settled YES by final price bucket.

How to read this chart
Settled markets only: contracts priced ~80¢ should resolve YES ~80% of the time. Bars below the dotted diagonal mean that price range settled YES less often than priced; bars above, more often. n = bucket sample size.
perfect calibration
1%25%50%75%100%
actual YES rate when sample is sufficientdotted line = perfect calibrationexpected/implied value when no samplelow sample bucket

Hover any bar for bucket value and sample size. 0 of 100 buckets currently have enough settled samples; muted bars preserve the full probability scale without overstating thin data.