Scopes

US recession in 2027 (NBER) — Market Odds

What the prediction markets imply for the US recession in 2027 (NBER), next to our independent fair value.

As of Sep 30, 2026Delayed · publicLive prices, full history & gap alerts → Dashboard

OutcomeMarketScopes Divergence
Recession20.5%6.8 pts

How the market has moved

The prediction-market price against our independent fair value over time, for Recession. Sampled coarser early and finer as resolution nears.

10%20%30%40%Aug 26, 5:13 PMOct 1, 2:01 PM
KalshiPolymarketScopes Fair Value61 snapshots · ~7h apart

Interactive for subscribers: hover any date for its exact market and fair-value reading, and drag to zoom the window. See plans →

How the fair value is set

Our fair value is derived independently of the prediction market — from objective, published references. When the market and the Scopes Fair Value diverge, that gap is what we watch, and score publicly.

Scopes Fair Value
:
an independent probability estimate computed from fed-funds-futures–implied odds and published macro nowcasts (Cleveland Fed, GDPNow).
Scopes Divergence
:
the difference between the market price and the Scopes Fair Value.

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