Who will successfully take over Warner Brothers?

As of Mon, 05 Oct 2026 15:43:55 UTC, Kalshi traders price Paramount (100.0%), Netflix (1.0%), None before July 2027 (1.0%). The market has $4.5M in volume and closes on Thu, 01 Jul 2027.

Updated:

Current odds

OutcomeChanceYes priceNo price
Paramount100.0%100.0¢0.0¢
Netflix1.0%1.0¢99.0¢
None before July 20271.0%1.0¢99.0¢

Market details

Resolution rules

Each outcome is a separate contract with its own rules. The rules for Paramount:

If qualifying public announcements indicate Paramount's takeover of Warner Brothers has succeeded Before July 2027, then the market resolves to Yes. A takeover "succeeds" when BOTH of the following are publicly announced: (a) Corporate Approval—shareholders approved the acquisition OR the acquirer acquired controlling interest ( 50% of voting shares); AND (b) Conditions Satisfaction—all material conditions including regulatory approvals have been satisfied or waived. Press releases, SEC filings (8-K, Schedule TO amendments), and official company announcements qualify. Letters of intent, agreements in principle, or conditional announcements do not satisfy the criteria. If one acquirer's takeover succeeds, all other acquirer markets immediately resolve to No. Resolution is based on the announcements, not the ultimate transaction outcome—if both criteria are announced but the deal later fails, the market still resolves to Yes. The "None" option resolves to Yes only if no takeover succeeds by the deadline.

Sources

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