−1.0 ptsover 1 month

Key data points

Chance
7%
Kalshi
5%
Polymarket
7%
Deadline
31 Dec 2026
Days left
83 days
Updated
07:47 UTC delayed 15 min

Market info

Category
US economic data
Source
Prediction markets
Frequency
Every 15 minutes
Units
Chance, %

Settles on: Two consecutive negative quarters of US real GDP from Q2 2025 to Q4 2026, or an NBER recession call for 2025 or 2026. From prediction markets, where traders buy and sell contracts on what will happen. Narwhal blends their prices into one probability for each outcome.

Markets

Prediction markets behind these odds
MarketWeight in blend24h volumeOpen interestSettles on
KalshiExcluded$187$38KBureau of Economic Analysis
Polymarket100%$5K–Bureau of Economic Analysis; NBER

Common questions

What are the odds of a US recession by the end of 2026?

Prediction markets put the chance at 7%. The market settles on: Two consecutive negative quarters of US real GDP from Q2 2025 to Q4 2026, or an NBER recession call for 2025 or 2026.

Where do these odds come from?

From prediction markets, where traders buy and sell contracts on what will happen. Narwhal blends their prices into one probability for each outcome.

How often do the odds update?

This page shows odds delayed by 15 minutes. The Predictions API serves live odds on paid plans.

Are these odds a forecast or advice?

No. They reflect traders' bets, which can change quickly. They are not an official forecast or investment advice.

Source
Prediction markets, blended by Narwhal; delayed 15 minutes, as of 9 Oct 2026, 07:47 UTC
Predictions API →
API
GET /v1/predictions/topics/usa-recession-2026
Predictions API →
Economics
Latest official figure
United States GDP growth rate →