“kalshi's public finality is two layers: near-complete endpoints, sparse exact paths”
A Kalshi market doesn't finalize at one clock, and this registered 7+7 study separates the endpoint from the path. Exact public finalization is observed for 7,357,576 of 7,611,594 MVE market objects and 71,657 of 152,694 ordinary markets — yet only 126,806 MVE and 70,979 ordinary tickers have an exact determination-to-endpoint pair. MVE pairs average 9.676 seconds; ordinary pairs average 322.50 seconds and stretch to 7,133. Settlement speed is not one scalar until endpoint, risk set and observation surface are fixed.
Extensive technical background assumed
Platforms mentioned: Kalshi