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Trader Notes · The PM Pulse 042 · Sep 10, 2026

Kalshi microstructure in the NFL opener

By Aaron Courtney @probaaron, Resolution Pending

  • After the final whistle, Seattle holders sold 572k contracts at 99¢ rather than wait for the $1 settlement – whoever was resting at 99¢ earned the last cent on every fill.
  • Of 58.8M contracts traded across both markets, 11.0M printed before kickoff and 47.8M during the game.
Read the full note in The PM Pulse 042 →

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