---
title: "New \"Stranger Things\" episode released by...? "
canonical_url: https://betcrypto.now/events/new-stranger-things-episode-released-by
status: live
kickoff_at: 2027-01-01T00:00:00+00:00
trading_closes_at: 2027-04-01T03:59:00+00:00
total_volume_usd: 33742487.44
venues: ["Kalshi", "Polymarket"]
categories: ["Entertainment"]
prices_as_of: 2026-11-07T04:05:25+00:00
publisher: BetCrypto
data_api: https://betcrypto.now/api/v1/events/new-stranger-things-episode-released-by
---

# New "Stranger Things" episode released by...? 

Live · kickoff 2027-01-01 00:00 UTC · $33,742,487 traded · listed on Kalshi, Polymarket

## About

This event tracks whether a new episode of Stranger Things will be released, with two closely related versions listed across platforms. Polymarket frames its market around a Netflix release of a new, distinct episode by January 7, 2026, resolving Yes only if the episode appears as its own entry on Netflix and is playable for U.S. subscribers. Kalshi's variant asks whether a new episode will be released worldwide through any official channel before January 1, 2027, giving it a wider resolution window and broader distribution criteria.

Despite those differences, both venues currently lean the same way. On the near-term Netflix question, Polymarket prices No around 95.5% versus Yes near 4.5%. Kalshi's longer-dated market sits at roughly 95.0% No and 5.0% Yes. A separate Polymarket line shows No near 91.5% and Yes near 8.5%, suggesting slightly more optimism on at least one framing of the release question. Polymarket dominates activity with about $30.9M in volume, compared to roughly $2.4M on Kalshi.

No is the clear favourite at a consensus 95.5%, and cross-platform spreads on the headline outcome are effectively zero — Kalshi and Polymarket agree that a new episode arriving within their respective windows is unlikely.

_AI-written summary written 2026-08-10; its figures date from then — the table below is live._

## Other markets

- main — 0 outcomes
- January 7 — 2 outcomes
- January 14 — 2 outcomes
- January 31 — 2 outcomes
- December 31, 2026 — 2 outcomes
- February 28 — 2 outcomes
- March 15 — 2 outcomes
- April 30 — 2 outcomes
- March 31 — 2 outcomes
- June 30 — 2 outcomes
- May 31 — 2 outcomes
- July 31, 2026 — 2 outcomes
- March 31, 2027 — 2 outcomes

_Every market's prices are on the event page._

## Open on a venue

- [Kalshi](https://betcrypto.now/go/e/2197?via=md)
- [Polymarket](https://betcrypto.now/go/e/33916?via=md)

---

Probability is the cross-venue consensus (book midpoints, 0–100%). Venue columns are what buying costs there (the ask). Prices move constantly; re-check at the canonical URL or the [JSON API](https://betcrypto.now/api/v1/events/new-stranger-things-episode-released-by).

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