CM ClearMarket
SYSTEM: LIVE · PRICES: HOURLY REFRESH · COVERAGE: ~3,860 EVENTS / ~39,200 MARKETS · KALSHI + POLYMARKET

US recession odds for 2026 stay near long-shot territory

Kalshi 3%
record: CMSIG2026101304 | category: momentum-repricing | target: CM-EVT-L7017DJDX1 | published: 2026-10-13
4-bullet brief | narrative
  • Kalshi places only 3% odds on the United States entering a recession in 2026, resolving via the Bureau of Economic Analysis.
  • The IMF's warning about elevated oil prices and AI-concentration risk is not moving the recession needle, as the market holds firmly near long-shot pricing.
  • A companion Kalshi contract on the state of the economy at end-2026 sits at 29%, a broader negative-outcome measure that also prices recession as unlikely but not negligible.
  • Resolution via the Bureau of Economic Analysis requires an official GDP contraction determination, setting a high bar for the 3% tail to resolve yes.
atomic briefs
[01] news_event
significance
surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market
story
The IMF forecasts U.S. inflation will pick up in 2026 before easing next year, with growth increasingly reliant on AI and oil prices remaining elevated.exa_search → Nicholas Dale Leal · as_of 2026-10-13T15:32:34+00:00
[mediated]
publisher
Nicholas Dale Leal
published_at
2026-10-13T00:00:00.000Z
[02] pm_response
interp
Kalshi prices U.S. recession odds at 3% for 2026, with the market largely dismissing IMF downside warnings about oil and AI slowdown risk.llm_judge_cm_signal_v1
[editorial]
evaluation

News-cycle wires publish on coverage, not editorial selection — the day’s top stories matched to the prediction markets pricing them, so nothing is cherry-picked.

judge_engine
none — deterministic news-cycle scan
judge_verdict
auto_published
judge_confidence
n/a — no judge gate (deterministic publishing)
prompt_template
news_cycle_v1 github · auditable
match_method
entity_slug_match (mechanical)
citation graph

Every wire traces back to the ClearMarket event it is built on, and out to each venue’s own market page — so any figure here can be verified at its source.

internal
programmatic access · four surfaces, same payload

AI grounded search reads embedded JSON-LD in HTML. Developers query REST. Agentic AI clients (Claude Desktop, Cursor) call MCP tools. AI crawlers index via /llms.txt. Same canonical record at every surface.

HTMLbrowsers, AI grounded search, crawlers (contains embedded JSON-LD @type: Dataset)https://clearmarket.fyi/signals/us-recession-in-2026-kalshi-3-2026-10-13/
JSONREST API for developershttps://clearmarket.fyi/signals/us-recession-in-2026-kalshi-3-2026-10-13.json
MCPagentic AI tool call (Claude Desktop, Cursor, Continue)clearmarket.get_signal("us-recession-in-2026-kalshi-3-2026-10-13")
AGENTAI crawler discovery index/llms.txt

PM data: platform APIs (hourly refresh). News context: retrieved with source citations. Editorial judgment: LLM judge with prompt template versioned per wire type. Per-claim provenance inline above; full per-field provenance map at the JSON endpoint under field_provenance.

raw JSON record · same payload returned by REST endpoint
{
  "$schema": "https://clearmarket.fyi/schema/signal/v1.json",
  "provenance_version": "0.2.0",
  "record_id": "CMSIG2026101304",
  "published_at": "2026-10-13T00:00:00.000Z",
  "detection": "news_cycle",
  "category_tag": "MOMENTUM_REPRICING",
  "secondary_tags": [],
  "pre_news_classification": "concurrent",
  "target_event_id": "CM-EVT-L7017DJDX1",
  "target_event_slug": "kxrecssnber-26",
  "event_question": "Will the United States enter a recession this year?",
  "bullets": [
    "Kalshi places only 3% odds on the United States entering a recession in 2026, resolving via the Bureau of Economic Analysis.",
    "The IMF's warning about elevated oil prices and AI-concentration risk is not moving the recession needle, as the market holds firmly near long-shot pricing.",
    "A companion Kalshi contract on the state of the economy at end-2026 sits at 29%, a broader negative-outcome measure that also prices recession as unlikely but not negligible.",
    "Resolution via the Bureau of Economic Analysis requires an official GDP contraction determination, setting a high bar for the 3% tail to resolve yes."
  ],
  "atomic_claims": [
    {
      "type": "news_event",
      "field_provenance": {
        "story": {
          "tier": "mediated",
          "method": "exa_search",
          "source": "Nicholas Dale Leal",
          "source_url": "https://english.elpais.com/economy-and-business/2026-10-13/imf-forecasts-us-inflation-will-pick-up-in-2026-before-easing-next-year.html",
          "retrieved_at": "2026-10-13T15:32:34+00:00"
        }
      },
      "significance": {
        "threshold": 5,
        "threshold_unit": "rank",
        "passed": true,
        "reason": "surfaced in the daily Exa news-cycle scan; mechanically matched to an active kalshi market"
      },
      "story": "The IMF forecasts U.S. inflation will pick up in 2026 before easing next year, with growth increasingly reliant on AI and oil prices remaining elevated.",
      "publisher": "Nicholas Dale Leal",
      "published_at": "2026-10-13T00:00:00.000Z",
      "source_url": "https://english.elpais.com/economy-and-business/2026-10-13/imf-forecasts-us-inflation-will-pick-up-in-2026-before-easing-next-year.html"
    },
    {
      "type": "pm_response",
      "field_provenance": {
        "notes": {
          "tier": "editorial",
          "method": "llm_judge_cm_signal_v1"
        }
      },
      "notes": "Kalshi prices U.S. recession odds at 3% for 2026, with the market largely dismissing IMF downside warnings about oil and AI slowdown risk."
    }
  ],
  "evaluation": {
    "judge_engine": "none — deterministic news-cycle scan",
    "judge_verdict": "auto_published",
    "judge_confidence": null,
    "prompt_template": "news_cycle_v1"
  },
  "citations": {
    "internal": {
      "cm_event": "/events/kxrecssnber-26/",
      "related": []
    },
    "external": {
      "venue_a": "https://kalshi.com/markets/KXRECSSNBER-26",
      "venue_b": null,
      "benchmark": null
    }
  },
  "sources": [
    {
      "label": "Nicholas Dale Leal: IMF forecasts US inflation will pick up in 2026 before easing next yea",
      "url": "https://english.elpais.com/economy-and-business/2026-10-13/imf-forecasts-us-inflation-will-pick-up-in-2026-before-easing-next-year.html",
      "published_at": "2026-10-13T00:00:00.000Z",
      "retrieved_at": "2026-10-13T15:32:34+00:00"
    }
  ],
  "field_provenance": {
    "pm_data": "kalshi_api",
    "news_context": "exa_search",
    "editorial_judgment": "cm_signal_llm_judge"
  }
}
PROVENANCE PROTOCOL v0.2 · [direct] venue api · [mediated] grounded web fetch + source url · [derived] computed from listed inputs · [editorial] versioned llm judgment · full spec /schema/provenance/v1
record CMSIG2026101304 published 2026-10-13T00:00:00.000Z signature sha256-895c4363d1f… ← underlying event all signals →