Will New Mexico expand its FAIR Plan Odds · Before Aug 1, 2027
Kalshi traders give No a 80% chance.
| Outcome | Chance | Odds | 24h |
|---|---|---|---|
| Yes | 20% | +400 | ▲ 14 |
| No | 80% | -400 | ▼ 14 |
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Price history
Resolution rules
If legislation expressly setting or requiring dwelling coverage of at least $500,000 under the FAIR Plan Act or a successor state residual property insurance mechanism, or appropriating at least $10 million in state funds as a premium subsidy or catastrophe backstop for residential wildfire insurance is enacted in New Mexico before Aug 1, 2027, then the market resolves to Yes.
Source: Kalshi. The venue's rules are final.
FAQ
What are the odds of "Will New Mexico expand its FAIR Plan"?
As of Nov 11, 5:30 AM EST, traders on Kalshi price No at 80%, about -400 in American odds. Prices move with every trade.
How are prediction market odds calculated?
Each contract pays $1 if the outcome happens and $0 if it doesn't, so its price is the market's implied probability: a 60¢ contract means roughly a 60% chance. We show the last trade, or the midpoint between the best bid and ask when the order book is tight.
When does this market close?
Kalshi lists Aug 1, 2027 as the end date. It can close earlier if the outcome is decided.
Where can I trade on Will New Mexico expand its FAIR Plan?
This market trades on Kalshi. Availability depends on where you live: Kalshi is a CFTC-regulated US exchange, while Polymarket's international site isn't available to US users (Polymarket US is a separate app). You must be 18 or older.