Will marijuana be rescheduled?
Will marijuana be rescheduled?
Chance
Before 2027
28%
▲ 3
Before 2027
28%
▲ 3
Before 2028
69%
Before 2028
69%
Before Jan 20, 2029
77%
Before Jan 20, 2029
77%
2 more
Market Rules
Before July 2026
Resolves Yes if marijuana is rescheduled from Schedule I to a lower drug schedule under the Controlled Substances Act before Jul 1, 2026.Outcome verified from Semafor, The Information, The Washington Post, The Wall Street Journal, ABC, CBS, CNN, Fox News, MSNBC, the United States Congress, The New York Times, the Associated Press, Reuters, Axios, and Politico.
If the DEA were to reschedule only certain cannabis derivatives or specific cannabinoids (e.g., move THC or a particular cannabis-derived pharmaceutical to a different schedule) without reclassifying marijuana/cannabis as a whole, that would not qualify as rescheduling marijuana for this contract. Ending the schedule altogether would resolve the market to Yes.
Clarification (12/12/25): The Payout Criterion requires that marijuana is legally removed from Schedule I. The mere announcement or publication of a Final Rule in the Federal Register does not satisfy the Payout Criterion if the rule has not taken legal effect. The market resolves based on the actual status of the Schedules under the Controlled Substances Act.
Timeline and payout
Market openDec 17, 2025 · 1:00pm EST
Market closesAfter the outcome occurs
Projected payout30 minutes after closing
SeriesKXMJSCHEDULE
EventKXMJSCHEDULE
MarketKXMJSCHEDULE-26JUL
Insider trading is prohibited
The following are prohibited from trading this contract:
- Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
- Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.