# Kalshi Files Admissions Contracts Covering 22 U.S. Colleges

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/40874
Published: 2026-10-26T08:44:56.000Z
Updated: 2026-10-26T08:44:56.000Z
Section: Investing

> Separate filings propose markets comparing Harvard's admission rate with those of other Ivy League schools. The two sets of contracts use different data to determine payouts.

KalshiEX LLC (Kalshi) filed contracts tied to admissions at 22 U.S. colleges, expanding its proposed event markets to outcomes determined by schools' applicant and admission figures.

The Oct. 19 and 20 filings cover first-year admission rates and applicant totals at schools including all eight Ivy League members. Each contract would let traders take a yes-or-no position on whether a school's figure reaches a specified threshold.

Settlement for those contracts would rely on the first-year applicant and admit totals in Item C1 of each school's Common Data Set. That standardized set of college figures also records how many admitted students enroll. Under the Duke contract, an earlier announcement from the admissions office would not decide the outcome.

The Duke terms calculate its admission rate to one decimal place. The contract has a $1 settlement value, a minimum price increment of $0.01 and a stated expiration time of 10 a.m. ET.

In separate filings dated Oct. 22, Kalshi proposed contracts asking whether Harvard has the lowest admission rate in the Ivy League. Other proposed contracts ask whether Harvard has the largest year-over-year rise or drop in its admission rate, measured in percentage points.

Those comparisons use admissions figures from the federal Integrated Postsecondary Education Data System. If the federal figures differ from a school's Common Data Set, the federal figures govern the comparison. The Harvard contracts therefore use a different settlement source from the individual-school contracts.

The Duke contract bars specified university staff, people employed by or contracting for vendors that handle Duke's first-year application or admissions data, and people with material nonpublic information from trading it. The restriction also covers the immediate family and household members of everyone in those prohibited groups. The Ivy League comparison terms additionally restrict people involved in collecting or releasing the federal figures.

Self-certification permits an exchange to list a contract without prior CFTC approval. The filing must precede an initial listing by at least one CFTC business day.