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Markets bet on whether marijuana will be rescheduled before 2026

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Kalshi has reported 3,555 in volume over the last 24 hours on their market for “When will marijuana be rescheduled?”, making it one of the hottest markets on the platform today.

The market currently is implying a 53% chance for "Before 2026", which is neutral from yesterday, when the market implied a 53% probability.

If marijuana is rescheduled to a lower drug schedule according to the Controlled Substances Act (it's currently the highest, Schedule I) before Jan 1, 2026, then the market resolves to Yes.

In total, this market has seen a volume of 26,415 transactions since it was first opened on June 11, 2025. There are 12,464 positions of open interest in this market, and the overall liquidity is sitting at 1,229,896 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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