polyrag

Will Michael Johnstone win the next Waratah–Wynyard mayoral election?

kalshi polymarket · 2 contracts · 2 deadlines · $1.1k traded · market at 10%

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What each source says

Not all of these are prices. An order book is money you can take; an AMM quotes one probability with no book behind it; a forecast is nobody's price at all. They are worth reading together and must not be added together.

sourcecontractbidask saysclosestraded
polymarket Will Michael Johnstone win the next Waratah–Wynyard mayoral election? 0.100 0.110 10% 2026-10-28 expected $1.1k
kalshi Waratah-Wynyard mayoral election winner? — Michael Johnstone 0.090 0.150 12% 2027-10-27 $38

Several deadlines on one claim read as a term structure: the market prices the same question differently depending on when you ask it.

How this settles

The venue names the authority that determines the outcome. It is the thing to watch — not the coverage of it.