Finance.

Wall Street narratives, with a settlement date.

Macro and finance markets give New Yorkers a way to put a number on the questions south of Canal Street is already debating: Fed cuts, recession risk, inflation prints, earnings beats. The same arguments that happen on Hudson Street trading floors, with a clearing house attached.

Markets to watch

The finance board

Fed cuts rates in September

Hudson Street is leaning dovish. So is the curve.

68¢▲ 5

US enters recession by mid-2027

The R-word is fading off desks south of Canal.

24¢▼ 3

Where to play

Platforms for finance

OG

Live

NY: Available

Crypto.com's prediction-market app: trade $25, get $25 in rewards with code NYPREDICTS. Sports, culture, macro and trending contracts, live in New York.

Culture & trending

Sports & macro

Mobile-first traders

Review

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Polymarket

Live

NY: Available

The world's most-watched prediction market — deposit $10 and get a $25 trading bonus.

News & politics

Macro narrative tracking

Review

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Kalshi

Live

NY: Available

CFTC-regulated event contracts on politics, economics, and culture.

Politics

Macro & Fed

Culture outcomes

Review

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FAQ

Frequently asked questions

How are these different from trading futures?

Event contracts price discrete outcomes (a CPI print, a Fed meeting result) instead of continuous prices. They're regulated but mechanically simpler than futures — closer to a binary you'd talk through over a martini at Keens than a CME spread.

Are macro markets liquid?

Flagship Fed and CPI markets carry meaningful liquidity. Niche questions can be thin.

Who regulates Kalshi's macro contracts?

The CFTC. Kalshi is a designated contract market, which is why event contracts on Fed policy, CPI, and jobs prints are legal for US users.

Can I hedge real portfolio exposure with these?

In principle, yes — Fed-decision and CPI contracts pay based on the same data that moves rates markets. In practice, size is capped and basis is imperfect; they're more useful as directional expression than as institutional hedges.

What's the New York edge in trading macro markets?

Proximity to sell-side research, Fed watchers, and the trading floors that price these events first. If you already read Fed minutes for work, you have signal the median trader doesn't.

How do CPI and Fed markets settle?

By the BLS release for CPI and the FOMC statement for Fed decisions, at the precise thresholds published in each market's rulebook before the print.