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Will the FDA approve any psychedelic substance for medical use this year?
kalshi

Will the FDA approve any psychedelic substance for medical use this year?

Jul 17, 2025, 10:00 AM EST - Jan 1, 2027, 10:00 AM EST
Total volume:
$373,523
Volume 24h:
$445
89%
Liquidity:
N/AN/A
Open interest:
$89,987
0.04%

Any psychedelic substance for medical use

 - Kalshi

Any psychedelic substance for medical use - Kalshi

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolves Jan 1, 2027

Will the FDA approve Any psychedelic substance for medical use this year?

28%chance
Amount

$

Trade on
kalshi

Trade on Kalshi

Join Kalshi and score $25 for your first trade.At 32¢ buys you 313 shares | Odds: 28% Total Payout: $313 | Net Profit: $213 Multiplier: 3.13x | ROI: 213% High Projected APY: 2,544% 127 days to resolution
You will be redirected to the platform to complete this trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
kalshi

Any psychedelic substance for medical use

Trade
28%
Yes 32¢No 73¢
5¢
N/A
$373,523
0.12%
0.51%
$89,987
4mo 1w
active
Total markets: 1

Description

This event resolves positively if the FDA grants marketing approval for any psychedelic substance for medical use before 2027. Such approval would represent a major regulatory milestone for psychedelic-assisted medicine in the United States.

Kalshi

If the FDA approves any psychedelic substance for medical use for marketing before Jan 1, 2027, then the market resolves to Yes.