Will the FDA approve a psychedelic drug for medical use before 2027?
Kalshi's prices put the chance of Yes at 16%.
Chances and prices from Kalshi’s public order book at Oct 30, 2026, 4:02 PM ET. Updated daily.
Chance of Yes, from Kalshi’s pricesYes or No market
16%
- Yes costs
- 17c
- No costs
- 86c
A Yes contract pays $1 if the market settles Yes and nothing if it settles No. The chance is the midpoint of the best bid and offer in Kalshi’s public order book.
What settles it.
This market has one rule, shown below.
Kalshi’s ruleYes or No
If the FDA approves any psychedelic substance for medical use for marketing before Jan 1, 2027, then the market resolves to Yes.
Source: Kalshi’s published market rules. Kalshi decides how every market settles. How Kalshi settlement works.
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