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Median first-year salary at largest US law firms on Kalshi
If the median first-year associate base salary for the largest law-firm-size category in the 2027 U.S. Associate Salary Survey is above $245,000, then the market resolves to Yes.
Settles on: Federal Reserve Bank of New York.
Market says (typical open contract)
96%
Median YES price across 7 open contracts, 10 Nov 2026 04:28 UTC.
Real-world odds
—
No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.
Luck needed meter
8% 😈
All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.
The cover charge
| If you buy at | Fee per contract | On $50 | Win rate to break even |
|---|---|---|---|
| 30¢ | 1.5¢ | $2.45 | 31.5% |
| 50¢ | 1.8¢ | $1.75 | 51.7% |
| 70¢ | 1.5¢ | $1.05 | 71.5% |
| 90¢ | 0.6¢ | $0.35 | 90.6% |
| 96¢ (now) | 0.3¢ | $0.14 | 96.3% |
Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.
Open contracts right now
| Contract | YES price | Implied | Fee at this price | Real-world odds | Luck needed | Volume | Closes |
|---|---|---|---|---|---|---|---|
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $230,000? · Above $230,000 | 96¢ | 96% | 0.3¢ | — | 8% | 450 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $245,000? · Above $245,000 | 4¢ | 4% | 0.3¢ | — | 9% | 350 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $240,000? · Above $240,000 | 6¢ | 6% | 0.4¢ | — | 11% | 2 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $235,000? · Above $235,000 | 10¢ | 10% | 0.7¢ | — | 21% | 0 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $225,000? · Above $225,000 | 97¢ | 97% | 0.2¢ | — | 7% | 0 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $220,000? · Above $220,000 | 97¢ | 97% | 0.2¢ | — | 6% | 0 | May 21, 13:59 UTC |
| Will the median first-year associate base salary for the largest law-firm-size category in 2027 be above $215,000? · Above $215,000 | 98¢ | 98% | 0.2¢ | — | 5% | 0 | May 21, 13:59 UTC |
Who actually wins this market
- Whoever posts the resting orders and collects the spread without paying a fee.
- The venue, on every fee.
- Not, on average, the person clicking buy because the chart is going their way. That was us.
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