Name: Peak US National Debt before 2027?
Start: 2025-11-05T19:50:51.703806Z
End: 2026-12-31T00:00:00Z

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This market will resolve to "Yes" if the U.S. national debt reaches the listed value this year at any point by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be the U.S. Treasury Department (https://www.treasurydirect.gov/NP_WS/debt/current). If treasurydirect.gov/NP_WS/debt/current becomes unavailable, another credible source will be used.


$39 trillion

$40 trillion

$41 trillion

$42 trillion

Peak US National Debt

Peak US National Debt before 2027?

This market will resolve to "Yes" if the U.S. national debt reaches the listed value this year at any point by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be the U.S. Treasury Department (https://www.treasurydirect.gov/NP_WS/debt/current). If treasurydirect.gov/NP_WS/debt/current becomes unavailable, another credible source will be used.


Peak US National Debt this year?

This market will resolve to "Yes" if the Treasury 10-year yield reaches or is higher than the listed value for any date between December 9, 2025 and March 31, 2026. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the Treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).

Will the 10-year treasury yield hit 4.4% by March 31?

This market will resolve to "Yes" if the Treasury 10-year yield is lower than the listed value for any date between November 11, 2025 and December 31, 2026. Otherwise this market will resolve to "No".

The resolution source for this market is the Department of the treasury, specially the data listed under "Daily Treasury Par Yield Curve Rates" for the column "10 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025).

Will the 10-year Treasury yield dip below 3.9% before 2027?

This market will immediately resolve to "Yes" if the USDT marketcap is equal to or greater than the value specified in the title on any day by December 31, 2026. Otherwise, this market will resolve to "No."

This market will resolve based on CoinGecko's "historical data" section for USDT, currently available at https://www.coingecko.com/en/coins/tether/historical_data#panel respectively, specifically the daily "Market Cap" data.

The daily market cap data for any given date will be considered finalized once data for the following calendar day is published on CoinGecko’s “Historical Data” page.

This market will resolve based on the specified CoinGecko chart, not according to other sources or spot markets.

Will USDT market cap hit $200B before 2027?

This market will resolve to “Yes” if either of the following conditions is met:

1.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q2 2025 and Q4 2026 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

2.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point during 2025 or 2026, with the announcement made by the time the BEA releases the advance estimate for Q4 2026.

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q3 2025 was negative, and the Q2 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2026 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2026 is published, at which point it will resolve to "Yes" if Q4 2026 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession by end of 2026?

This market will resolve to “Yes” if the upper bound of the target federal funds rate is increased at any point between January 1, 2026 and the Fed's December 2026 meeting, currently scheduled for December 8-9, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the Fed has released its rate change decision following its December meeting.

The primary resolution source for this market will be the official website of the Federal Reserve (https://www.federalreserve.gov/monetarypolicy/openmarket.htm), however a consensus of credible reporting may also be used.

Fed rate hike in 2026?

This market will resolve to "Yes" if a U.S government funding lapse occurs on January 31, 2026, 12:00 AM ET. Otherwise, this market will resolve to "No".

A funding lapse is defined as the President failing to sign the relevant bill(s) extending government funding by January 30, 2026, 11:59 PM ET. If a bill extending the funding of the U.S. government is passed and signed by the acting President before January 31, 2026, 12:00 AM ET, this market will resolve to "No".

For this market to resolve to "Yes," any funding lapse will count. If only a portion of the US government is covered by any signed bill(s) extending funding of the US government, and a portion of the US government goes unfunded, this market will still resolve to "Yes".

The primary resolution for this source will be official information from the US government, however a consensus of credible reporting may also be used.

U.S. Government Funding Lapse on January 31?

This market will resolve to "Yes" if the long-term sovereign credit letter rating of any European Union member country is downgraded by any of the three major credit rating agencies (S&P, Moody's, Fitch) at any point between the date of market creation and December 31, 2026 11:59pm ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be official information from Standard & Poor's, Moody's, or Fitch, however a consensus of credible reporting will also be used.

Any EU nation's debt downgraded before 2027?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve to "Yes"  if the value of costumes duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/) is greater than $250b. Otherwise this market will resolve to "No". 

If the Treasury Department does not publish relevant data  for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to "No". 

The resolution source will be the Treasury Department.


Will tariffs generate >$250b in 2025?

This market will resolve to "Yes" if the European Union's long-term sovereign credit letter rating is downgraded by any of the three major credit rating agencies (S&P, Moody's, Fitch) at any point between market creation and December 31, 2026 11:59pm ET. Otherwise, this market will resolve to "No".

The resolution source for this market will be official information from Standard & Poor's, Moody's, or Fitch, however a consensus of credible reporting will also be used.

EU debt downgrade before 2027?

This market will resolve to “Yes” if any seasonally adjusted unemployment rate (total unemployed, as a percent of the civilian labor force, official unemployment rate denoted as U-3) reported by the Bureau of Labor Statistics in an “Employment Situation Report” for a reference month in 2026 is greater than or equal to the listed percentage. Otherwise, this market will resolve to “No”.

The relevant reports for this market are the Employment Situation Reports for January-December, 2026. This market may not resolve to “No” until the Employment Situation report for December 2026 is released. If no Employment Situation Report for December 2026 is released by March 31, 2027, 11:59 PM ET, however, this market will resolve based on all previously published data up to that time. 

The resolution source for this market is the Monthly Employment Situation Report, published by the BLS every month at https://www.bls.gov/bls/news-release/empsit.htm, specifically the U-3 measure in Table A-15 for each month.

Note: the resolution source for this market reports unemployment to one decimal point. Thus, this is the level of precision that will be used when resolving the market.

Will US unemployment reach at least 5.0% in 2026?

This market will resolve to "Yes" if the 2026 US Midterm Elections happen on November 3, 2026. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Will the 2026 Midterm Elections happen as scheduled?

This market will resolve to "Yes" if President of the United States Donald Trump announces he has resigned or will resign the presidency by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

If it becomes impossible for Donald Trump to resign or to announce his resignation (e.g., due to his removal from office by other means, etc.), this market will immediately resolve to "No."

For this market to resolve to "Yes," it is only necessary that Trump announce that he has resigned or will resign. Whether he actually resigns will have no bearing on the resolution of this market.

The primary resolution source for this market will be official information from the US federal government; however, a consensus of credible reporting will also be used.

Will Trump resign by December 31, 2026?

This market will resolve to "Yes" if the President of the United States, any member of the Cabinet of the United States, any member of the Joint Chiefs of Staff, or any US federal agency definitively states that extraterrestrial life or technology exists by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the government of the United States, however a consensus of credible reporting will also be used.

Will the US confirm that aliens exist before 2027?

This market will immediately resolve to "Yes" if the USDC marketcap is equal to or greater than 50% of USDT marketcap on any day by December 31, 2026. Otherwise, this market will resolve to "No."

This market will resolve based on CoinGecko's "historical data" section for each coin, currently available at https://www.coingecko.com/en/coins/usd-coin/historical_data#panel and https://www.coingecko.com/en/coins/tether/historical_data#panel respectively, specifically the daily "Market Cap" data.

The daily market cap data for any given date will be considered finalized once data for the following calendar day is published on CoinGecko’s “Historical Data” page for both USDC and USDT.

This market will resolve based on the specified CoinGecko chart, not according to other sources or spot markets.

Will USDC hit 50% of USDT market cap by December 31, 2026?

This market will resolve to "Yes" if the United States officially annexes any territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

Annexation is defined as an official declaration or legal act by the US government claiming sovereignty over territory they were not claiming at the time of this market's creation.

Qualifying examples of annexation include the Louisiana Purchase, however instances where settlers claim administrative control over land without a formal annexation will not count.

The primary resolution source for this market will be official information from the US government; however, a consensus of credible reporting may also be used.

Will US annex any territory in 2026?

This market will resolve to "Yes" if Donald Trump formally declares a national emergency under the National Emergencies Act (NEA) by the listed date, 11:59 PM ET. Otherwise, this market will resolve to "No".

A national emergency must actually be declared for this market to resolve to "Yes" - it will not be enough for Trump to announce an intention to declare a national emergency.

This market's resolution source will be official information from the Trump administration.

Trump declares a national emergency by June 30, 2026?

In Q4 2024, government expenditures were $7,106,807,000,000 see (https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 10% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,396,126,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon cut the budget by at least 10% in 2025?

This market will resolve to "Yes" if the United States federal government formally charges or announces a criminal indictment of Jerome Powell by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market the District of Columbia and any county, municipality, or other subdivision of a State shall be included within the definition of a State.

The primary resolution source for this market will be official information from US governmental sources, however a wide consensus of credible reporting will also be used.

Jerome Powell federally charged by June 30?

This market will resolve to "Yes" if Jerome Powell serves any time in a federal, state, or local U.S. jail or prison between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.


Jerome Powell in jail before 2027?

In Q4 2024, government expenditures were $7,106,807,000,000 (see https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 5% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,751,467,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).


Will Elon cut the budget by at least 5% in 2025?

This market will resolve to “Yes” if the listed individual officially announces that they are running for U.S. President in the 2028 United States presidential election by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement by the listed individual  will be sufficient to trigger a "Yes" resolution, regardless of whether they actually filed a nomination to run, or whether they actually file a nomination to run in the future.

The primary resolution source for this market will be official statements by the listed individual (ex: via speech, social media, etc.), however a consensus of credible reporting may also be used.

Will Gavin Newsom announce a Presidential run before 2027?

This market will resolve to “Yes” if the upper bound of the European Central Bank’s (ECB) deposit facility rate is increased at any point between January 1, 2026 and the conclusion of the ECB's December 2026 meeting, currently scheduled for December 16-17, 2026. Otherwise, this market will resolve to “No”.

This market may not resolve to "No" until the ECB has released its rate change decision following its December meeting. If, however, the ECB’s December meeting is cancelled, postponed after December 31, 2026, or the rate change decision for that meeting is otherwise unknown by December 31, 2026, 11:59 PM ET, and no qualifying rate increase has occurred, this market will resolve immediately to “No”.

The primary resolution source for this market will be the European Central Bank (https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html); however, a consensus of credible reporting may also be used.

ECB rate hike in 2026?

The FED interest rates are defined in this market by the lower or the upper bound of the target federal funds range. The decisions on the target federal fund range are made by the Federal Open Market Committee (FOMC) meetings.

This market will resolve to “Yes” if the lower or the upper bound of the target federal funds rate reaches the specified level at any point by December 31, 2026, 12:59 PM ET. Otherwise, this market will resolve to “No.”

Emergency rate cuts and hikes outside the regularly scheduled meetings will be considered.

The resolution source for this market is the official website of the Federal Reserve at:
https://www.federalreserve.gov/monetarypolicy/openmarket.htm.

This market may resolve as soon as the relevant data showing the reached level is published.

Will the Fed’s lower bound reach 3.25% or lower before 2027?

This market will resolve to “Yes” if 1 or more earthquakes with a magnitude of 9.0 or higher occur anywhere on Earth between December 8, 2025 12:00 PM ET, and December 31, 2026, 11:59PM ET. Otherwise, this market will resolve to “No”.

The resolution source for this market is the United States Geological Survey (USGS) Earthquake Hazards Program (https://earthquake.usgs.gov/earthquakes/browse/significant.php#sigdef).

If an earthquake of substantial size has occurred within this market's timeframe but not yet appeared on the resolution source, this market may remain open until January 31, 2027, 11:59 PM ET, or until the earthquake in question otherwise appears on the resolution source. If such an earthquake has not appeared on the resolution source by that date, another credible resolution source will be used. 

After a qualifying earthquake is registered, this market will remain open for 24 hours to account for any revisions to its recorded magnitude. After 24 hours, this market will resolve according to the latest provided data.

9.0 or above earthquake before 2027?

This market will resolve to "Yes" if at least one seat on the United States Supreme Court becomes vacant between January 1 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official announcements from the U.S. Government. However, a consensus of credible reporting may also be used.  

Supreme Court vacancy in 2026?

This market will resolve to "Yes" if both the US House and Senate pass the same government funding bill between market creation and the listed date 11:59 PM ET. Otherwise, this market will resolve to "No".

For this market to resolve to "Yes," the bill must actually pass both chambers of Congress (the US House and the US Senate). Passage of separate or different bills will not qualify; it must be the same piece of legislation.

The primary resolution source for this market will be official information from the US Government. However, a consensus of credible reporting will also be used.

Will House and Senate pass funding bill by January 30, 2026?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve according to the value of customs duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/)

If the Treasury Department does not publish relevant data for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to the lowest bracket. 

The resolution source will be the Treasury Department.

Will the U.S. collect less than $100b in revenue in 2025?

This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and the United States between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and United States military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the Chinese military and the United States Coast Guard is part of the United States military.

The resolution source for this market will be a consensus of credible reporting.

US x China Military clash before 2027?

This market will resolve to “Yes” if 1 or more earthquakes with a magnitude of 10.0 or higher occur anywhere on Earth between December 8, 2025 12:00 PM ET, and December 31, 2026, 11:59PM ET. Otherwise, this market will resolve to “No”.

The resolution source for this market is the United States Geological Survey (USGS) Earthquake Hazards Program (https://earthquake.usgs.gov/earthquakes/browse/significant.php#sigdef).

If an earthquake of substantial size has occurred within this market's timeframe but not yet appeared on the resolution source, this market may remain open until January 31, 2027, 11:59 PM ET, or until the earthquake in question otherwise appears on the resolution source. If such an earthquake has not appeared on the resolution source by that date, another credible resolution source will be used. 

After a qualifying earthquake is registered, this market will remain open for 24 hours to account for any revisions to its recorded magnitude. After 24 hours, this market will resolve according to the latest provided data.

10.0 or above earthquake before 2027?

This market will resolve to "Yes" if the Bureau of Labor Statistics fails to release any monthly report on the Consumer Price Index by 11:59PM ET on the scheduled release date between December 1, 2025 and December 31, 2026, 11:59PM ET. Otherwise, this market will resolve to "No".

If an announcement is made by the White House or the BLS that the monthly CPI release will be delayed or cancelled altogether, this market will immediately resolve to "Yes".

The resolution source for this market will be information from the BLS or a consensus of credible reporting. 

Peak US National Debt before 2027?

$39 trillion
$8,323 Vol.
98%

$40 trillion
$554 Vol.
96%

$41 trillion
$68 Vol.
45%

$42 trillion
$2,616 Vol.
13%

Market Context

Peak US National Debt before 2027?

Rules

Peak US National Debt before 2027?

Market Context

Peak US National Debt before 2027?

About

Related

Peak US National Debt before 2027?

$39 trillion$8,323 Vol.98%Buy Yes99.3¢Buy No4.3¢

$40 trillion$554 Vol.96%Buy Yes96¢Buy No5¢

$41 trillion$68 Vol.45%Buy Yes55¢Buy No66¢

$42 trillion$2,616 Vol.13%Buy Yes15¢Buy No89¢

Market Context

Peak US National Debt before 2027?

Rules

Peak US National Debt before 2027?

Market Context

Peak US National Debt before 2027?

About

Related

$39 trillion
$8,323 Vol.
98%

$40 trillion
$554 Vol.
96%

$41 trillion
$68 Vol.
45%

$42 trillion
$2,616 Vol.
13%