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Markets bet on whether Trump will make a new free trade deal with Japan before Jan 1, 2026

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Kalshi has reported 28,150 in volume over the last 24 hours on their market for “Will Trump make a new before Jan 1, 2026?”, making it one of the hottest markets on the platform today.

The market currently is implying a 14% chance for "Japan", which is neutral from yesterday, when the market implied a 14% probability.

If a new free trade deal with Japan has become law before Jan 1, 2026, then the market resolves to Yes.

In total, this market has seen a volume of 134,590 transactions since it was first opened on May 08, 2025. There are 76,573 positions of open interest in this market, and the overall liquidity is sitting at 5,344,268 contracts.

Based on Quiver’s tracking, here are 10 of the finance and politics markets that have had the most volume on Kalshi over the last 24 hours:

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