Short Answer

The model sees potential mispricing for a Senate vote on the SAVE America Act occurring Before Aug 8, 2026, at 30.6% model versus 52.0% market, suggesting the market overestimates its likelihood due to the bill's stalled status in committee without scheduled markup or bipartisan support.

1. Executive Verdict

  • S. 3752 remains stalled in committee with no scheduled markup.
  • The bill currently lacks bipartisan co-sponsors and cloture commitments.
  • Senate priorities focus on critical funding and defense legislation.
  • The Senate has limited legislative days remaining for new votes.
  • Recent market activity indicates declining expectations for a vote before 2026.

Who Wins and Why

Outcome Market Model Why
Before May 1, 2026 4.8% 2.8% Research does not highlight strong supporting evidence.
Before May 23, 2026 10.0% 5.0% Research does not highlight strong supporting evidence.
Before Jun 13, 2026 26.0% 13.4% Research does not highlight strong supporting evidence.
Before Jun 27, 2026 50.0% 29.0% Research does not highlight strong supporting evidence.
Before Aug 8, 2026 52.0% 30.6% Research does not highlight strong supporting evidence.

2. Market Behavior & Price Dynamics

Historical Price (Probability)

Outcome probability
Date
This market exhibits a decisive and sustained downward trend. It opened at its peak price of 30.0%, representing the highest perceived probability of a Senate vote occurring before 2026. The most significant price movement was a sharp 12 percentage point drop on April 15, 2026, which sent the price from 30.0% down to 18.0%. Following this drop, the price has continued to decline steadily to its current level of 4.8%. As no external news or context was provided, the specific catalyst for the initial major drop on April 15 cannot be determined from the available data. This event, however, clearly initiated the strong bearish momentum that has since defined the market.
The total volume of 3,360 contracts indicates a moderate level of overall participation. However, recent sample data shows very low trading activity, which suggests that conviction among traders is high at the current low price, and the market has likely reached a consensus. In terms of price levels, the opening 30.0% mark acted as a firm ceiling or resistance that was never challenged. The subsequent decline has broken through any potential support levels, with the price now nearing the market's all-time low of 1.0%. The chart's price action communicates an overwhelmingly bearish sentiment. Traders have consistently sold their "YES" shares, indicating a strong and growing belief that the Senate will not vote on the SAVE America Act before the 2026 resolution date.

3. Significant Price Movements

Notable price changes detected in the chart, along with research into what caused each movement.

Outcome: Before Jun 13, 2026

📉 April 25, 2026: 12.0pp drop

Price decreased from 38.0% to 26.0%

What happened: No supporting research available for this anomaly.

Outcome: Before May 1, 2026

📉 April 15, 2026: 12.0pp drop

Price decreased from 30.0% to 18.0%

What happened: No supporting research available for this anomaly.

4. Market Data

View on Kalshi →

Contract Snapshot

This market resolves to "Yes" if the U.S. Senate conducts any recorded vote on the SAVE America Act before August 8, 2026, and "No" if no such vote occurs by that date. Eligible votes include roll call, recorded, yea-and-nay, electronic, and division/standing votes, as well as votes on cloture, a motion to proceed to the Act, or final passage. Excluded actions include voice votes, unanimous consent without a recorded vote, committee votes (unless specified by the Act), procedural determinations, deemed passage, or votes on amendments (unless specifically referred to by the Act or serving as a procedural vehicle for final passage).

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
Before May 1, 2026 $0.02 $0.99 5%
Before May 23, 2026 $0.12 $0.90 10%
Before Jun 13, 2026 $0.27 $0.75 26%
Before Jun 27, 2026 $0.42 $0.62 50%
Before Aug 8, 2026 $0.47 $0.59 52%

Market Discussion

Traders are actively discussing whether the Senate has already voted on the SAVE America Act, with some stating the "SAVE ACT passed" and questioning why the "Before Mar 24, 2026" market has not yet resolved. A key argument for a "Yes" resolution stems from a comment citing "Thune" indicating a vote was expected "next week" (from March 18). While the current market odds lean slightly towards a vote by August 8, 2026, the discussion highlights a strong sentiment among some participants that the event has already occurred.

5. What is the current legislative status of the SAVE America Act (S. 3752)?

Latest ActionReferred to Senate Committee on the Judiciary (February 8, 2025) [^]
Markup Session StatusNot scheduled [^]
Committee Whip CountNo public information available [^]
The 'SAVE America Act' awaits committee action after its referral. The legislation, identified as S. 3752, was introduced in the Senate and subsequently referred to the Committee on the Judiciary on February 8, 2025 [^]. Its referral to this committee represents the most recent legislative action, with no details indicating that the Committee Chair has scheduled a markup session [^].
Public whip count data for S. 3752 remains unavailable. The available sources do not provide any information concerning a public whip count among members of the Senate Committee on the Judiciary regarding their support for favorably reporting S. 3752 to the Senate floor. While some sources discuss general sentiment or past attempts related to similar 'SAVE America Act' or 'SAVE Act' legislation, none offer specific committee-level whip counts for S. 3752 [^].

6. What is the current status of "must-pass" bills and the "SAVE America Act"?

FY2026 Defense Bill StatusSenate passed $839 billion bill on Jan 29, 2026, sent to House [^]
FY2026 Appropriations StatusActively tracked on Senate calendars as of April 17, 2026 [^]
SAVE America Act VoteSenator Thune confirmed it will receive a Senate vote on March 12, 2026 [^]
The U.S. Senate continues work on critical FY2026 funding and defense legislation. The Senate floor schedule includes ongoing efforts on "must-pass" legislation, specifically FY2026 appropriations and the National Defense Authorization Act (NDAA). The Senate passed an $839 billion defense spending bill on January 29, 2026, which was subsequently sent to the House of Representatives for further action [^]. The status of FY2026 appropriation bills is also actively monitored, with their progress noted on Senate calendars as of April 17, 2026, indicating continued legislative focus on annual funding [^].
The "SAVE America Act" is promised a Senate vote, without specific attachment plans. Senator John Thune stated on March 12, 2026, that the bill "will get a Senate vote" [^]. However, available research does not contain explicit discussion from sponsors or lobbyists regarding strategies to attach the "SAVE America Act" as an amendment to specific "must-pass" vehicles, such as FY2026 appropriations, the NDAA, or any potential debt ceiling legislation. Information points to a commitment for the bill to receive a vote in the Senate through an unspecified legislative process [^].

7. Is S.3752 Gaining Bipartisan Support or Cloture Commitments?

Bipartisan Co-sponsors for S.3752Zero beyond primary sponsor [^]
Total Co-sponsors for S.375236 (all Republican) [^]
Moderate Senator Cloture CommitmentsNo public commitments indicated from Manchin, Collins, Murkowski, or Tester for S.3752 [^]
The Senate version of the bill, S.3752, currently lacks bipartisan co-sponsorship. Senator Kevin Cramer [R-ND] is the primary sponsor of S.3752, titled the "SAVE America Act" for the US Congress 2025-2026 session. Beyond the primary sponsor, the bill has 36 co-sponsors, all of whom are members of the Republican Party, indicating no bipartisan support among the co-sponsors [^].
Pivotal moderate senators have not publicly committed to S.3752 cloture. There is no indication from available research that Senators Joe Manchin, Susan Collins, Lisa Murkowski, or Jon Tester have publicly committed to voting for cloture on the current S.3752 bill [^]. While Senator Collins was previously identified as a key supporter of an earlier SAVE Act ahead of a vote [^], both Senators Collins and Murkowski have voted against prior "SAVE Act" proposals or amendments to include them in budget packages during earlier legislative attempts [^]. Information regarding Senators Manchin or Tester's positions on any version of the SAVE America Act, or their commitment to cloture on S.3752, is not provided in the sources.

8. How Could Watson v. RNC Impact Election Law?

Supreme Court CaseWatson v. Republican National Committee (Case No. 24-1260) [^]
Expected RulingAround May 2026 [^]
Primary FocusElection law and voting identification [^]
The Supreme Court's impending ruling in Watson v. Republican National Committee (Case No. 24-1260) represents a significant non-legislative event to monitor. This election law case focuses on voting identification, with a decision expected around May 2026 [^]. The ruling could potentially allow states to enact their own "SAVE Act" legislation or, alternatively, be interpreted as broadly enabling voter suppression measures [^]. Given its focus on election integrity and voter access, the case is expected to generate considerable public and media attention.
The ruling may compel Senate action on SAVE America Act. Should the Supreme Court's decision expand state authority over voter identification or election laws, or be perceived as undermining election fairness, it would likely ignite a powerful media narrative. This narrative, centered on the integrity of the voting process, could exert substantial pressure on Senate leadership [^]. In response to public concerns and the evolving judicial landscape, Senate leaders might then feel compelled to bring the SAVE America Act to a vote, thereby demonstrating responsiveness and aligning with rapidly shifting political discourse.

9. How Many Legislative Days Does the U.S. Senate Have in 2025?

Legislative Days Before March 20, 202554 days [^]
Legislative Days Before March 24, 202556 days [^]
Total Legislative Days in 2025206 days [^]
The U.S. Senate's tentative 2025 legislative schedule identifies specific numbers of legislative days available before key deadlines. After subtracting scheduled state-work periods and federal holidays, there are 54 legislative days before March 20, 2025, and 56 legislative days before March 24, 2025 [^]. The calculation for March 20 includes 21 legislative days in January, 19 days in February, and 14 days in March. The count for March 24 further includes March 21 and March 24 [^].
Senate calendars do not differentiate legislative days for specific business. For the entire 2025 calendar year, up to December 31, 2025, the U.S. Senate is scheduled to have a total of 206 legislative days available [^]. It is important to note that the official calendars for both 2025 and 2026 do not categorize these legislative days into specific functions like 'new business' versus time reserved exclusively for nominations and appropriations [^]. Therefore, the provided numbers reflect the total days the Senate is scheduled to be in session and generally available for legislative activity.

10. What Could Change the Odds

Key Catalysts

Catalyst analysis unavailable.

Key Dates & Catalysts

  • Expiration: March 20, 2026
  • Closes: August 08, 2026

11. Decision-Flipping Events

  • Trigger: Catalyst analysis unavailable.

13. Historical Resolutions

Historical Resolutions: 10 markets in this series

Outcomes: 5 resolved YES, 5 resolved NO

Recent resolutions:

  • KXVOTESAVEAMERICA-26MAR-MAR27: NO (Mar 27, 2026)
  • KXVOTESAVEAMERICA-26MAR-MAR24: NO (Mar 24, 2026)
  • KXVOTESAVEAMERICA-26MAR-MAR20: NO (Mar 20, 2026)
  • KXVOTESAVEAMERICA-26MAR-APR15: NO (Apr 15, 2026)
  • KXVOTESAVEAMERICA-26MAR-APR01: NO (Apr 01, 2026)