🏛Politics/KALSHI/May 20, 2026
kalshi market
Geopolitical event

Will there be more than 20 transit calls through the Strait of Hormuz from May 18, 2026 to May 24, 2026?

PRISM
84.0%
MARKET (PUBLISH)
37.0%
MARKET (SETTLED)
100%
MOVE
+63pp

PRISM detected 5.0pp mispricing — and was right

Market priced this at 37%. PRISM saw 84% — a 5.0pp gap. The outcome confirmed the underpricing.

PRISM WAS RIGHT+39% return
ISSUED FORECASTMay 19, 2026 at 8:05 PM
MODERATE · UNDERPRICED+5.0ppPRISM 84% · Market 37%
Live view diverged · PRISM reclassified to MODERATE with edge now +10.0pp. The issued forecast above is the historical commitment scored on the public ledger.
PRISM
84.0%
VS
MARKET
37.0%
EDGE DETECTED5.0pp
WEAK
MODERATE
STRONG
EXTREME
OUTCOME
YES
FORECAST
MODERATE
DIRECTION
UNDERPRICED
CONFIDENCE
MEDIUM
ACCURACY EDGE
+68
PUBLISHED
May 20, 2026
VIEW LIVE PRISM FORECASTSEdge scoring updated every 2h
1

What happened

This market resolved YES on May 27, 2026. PRISM's forecast aligned with the resolved outcome.

Forecast Tape

4 events
  1. May 19, 8:05 PMPUBLISHED

    Prism 84% vs market 37% — MODERATE UNDERPRICED

  2. May 20, 2:07 AMMARKET MOVED

    Market 37% → 72% (+35pp)

  3. May 20, 10:07 AMRE-ANALYZED

    Prism 84% — edge +10.0pp

  4. May 27, 2:00 PMRESOLVED YES

    Resolved YES. Prism was right. +39% return.

2

What the market believed

MARKET PRICE · AT FORECAST TIME
37.0%

The market was pricing this event at 37.0% probability when PRISM generated its forecast. PRISM assessed this was too low — the market was underpricing the probability.

3

What PRISM believed

PRISM PROBABILITY
84.0%
EDGE DETECTED
5.0pp
FORECAST
MODERATE UNDERPRICED
Confidence
MEDIUM
Kelly Reference
N/A
PRISM Sizing (¼ Kelly · cap 5%)
N/A
PRISM REASONING
  • Fundamental analysis indicates a very high likelihood that total Strait of Hormuz transits exceed 20 during May 18–24
  • Verified reports already show daily traffic alone well above the entire threshold
FACTORS FOR
  • +Iran reported 26 vessel transits in one 24-hour period
  • +Prior week reportedly allowed more than 30 ships to pass
  • +Even sharply reduced traffic still far above 20 over seven days
  • +New authority suggests controlled but ongoing commercial flows
FACTORS AGAINST
  • IMF PortWatch methodology may undercount or lag reported Iranian figures
  • Escalation risk could temporarily halt or sharply cut transits
RESOLUTION PATHS MODELED
Restricted but steady shipping with daily PortWatch counts well above three70%
One or more disrupted days but remaining days still exceed total 2020%
Evidence 54%
SOURCES (4)
last day
  • Iran say allowed 26 ships to transit Hormuz since Tues - RTHKgbcode.rthk.hk

    Iran's Revolutionary Guards navy on Wednesday said they allowed over 25 vessels including oil tankers to transit the Strait of Hormuz over the past 24 hours.

    May 20Open →
  • NATO considers deploying mission to secure Strait of Hormuz ...mezha.net

    NATO is considering deploying forces to secure shipping through the Strait of Hormuz if safe navigation is not restored by early July.

    May 19Open →
  • EU agrees to remove tariffs on US goods - 1Lurer1lurer.am

    EU agrees to remove tariffs on US goods. The EU has finally agreed to implement its trade deal with the US after five hours of talks between members of the ...

    May 20Open →
  • IMF PortWatch resolution contextportwatch.imf.org

    Source: IMF PortWatch Resolution field: 7-day moving average of transit calls through Strait of Hormuz above 60, per IMF PortWatch Frequency: event-driven Contract terms: https://kalshi-public-docs.s3.amazonaws.com/contract_terms/POLITICALSTATTEMPORAL.pdf Known rule risks: Traders price this as geopolitical sentiment ("will Iran tensions ease?") but it's a DATA market with quantitative threshold; IMF PortWatch is publicly accessible — you can track the 7-day MA in real-time; "Transit calls" = ship passages, tracked by AIS (Automatic Identification System) data

    May 20Open →

PRISM RETRIEVES EVIDENCE FROM A CURATED LIST OF PRIMARY WIRES + OFFICIAL SOURCES

4

Why the gap existed

Prism correctly identified 47.0% mispricing

CALIBRATION SCORECARD
PRISM ACCURACY
0.010
MARKET ACCURACY
0.078
EDGE
+68.4
Brier edge
PRISM's probability estimate was more accurate than the market price.
5

How this forecast played out

1.PRISM analyzed Will there be more than 20 transit calls through the Strait of Hormuz from May 18, 2026 to May 24, 2026?, classifying it as underpriced at 37.0%.
2.Forecast classification: MODERATE UNDERPRICED — PRISM estimate 84.0% vs market 37.0%.
3.Kelly reference at forecast time: —% (¼ Kelly, capped at 5%; mathematical reference only — not a position recommendation).
4.Outcome: resolved YES.

Get live PRISM forecasts for Kalshi + Polymarket.

Edge scores, Kelly references, confidence levels, and resolution paths — updated every 2 hours, before the market corrects.

VIEW LIVE FORECASTS
PRISM: v0.9.132-resolution-aware-repair·Forecasted: May 20, 2026·Resolved: May 27, 2026·kalshi
For informational purposes only. Not financial advice. EdgeCal provides PRISM-generated market analysis and does not execute trades, manage funds, or guarantee returns. Past performance does not indicate future results.