Short Answer

Both the model and the market expect 1+ hattricks, with no compelling evidence of mispricing.

1. Market Behavior & Drivers

This market, which speculates on whether four or more hat-tricks will occur in the 2026 World Cup, has trended consistently downward. After opening at 36.0%, the contract's probability traded in a wide range between 20.0% and a peak of 97.0% before settling near its lows at a current price of 22.0%. The most significant price action occurred in early July. The contract experienced extreme volatility with a 30.0 percentage point drop on July 2, followed by a 15.0 percentage point spike the next day. A key breakdown occurred around July 8, when the price fell 27.0 percentage points from 47.0% to 20.0%. This drop was likely driven by analysis of tournament-wide scoring data, specifically a reported historically low penalty conversion rate of 66.1%.

The price action suggests a market sensitive to broad statistical trends rather than individual game outcomes. The sharp decline on July 8 points to traders pricing in a lower-scoring environment for the tournament's knockout stages, reducing the probability of multiple goals from any single player. The 20.0% level appears to be acting as a support floor, with the price holding just above it as of July 10. Total volume of 15,789 contracts indicates material interest over the life of the market, though daily volume appears thin based on sample data.

Overall sentiment has shifted from moderately optimistic to strongly pessimistic. The initial 36.0% price implied a reasonable chance of the outcome, but the current 22.0% price indicates the market views four or more hat-tricks as an unlikely event with the tournament now in its semifinal stage. The failure of the price to recover meaningfully after the July 8 drop signals strong conviction in this bearish outlook.

Since last update (~24h): The edge on 4+ hattricks compressed by +9.2pp as the market dropped -11.0pp (market_led).
The model significantly increased its probability for 5+ hattricks by +6.2pp (model_led); edge compressed.
Outcomes for 1+, 2+, and 3+ hattricks remain resolved at 100% probability.
Three hat-tricks are confirmed, with none expected in remaining high-stakes matches.
Four total hat-tricks appear unlikely, given historical rarity in late-stage tournaments.
Five total hat-tricks are disproportionately rarer due to compounding historical infrequency.

Current Context

The 2026 FIFA World Cup is in its quarterfinal stage as of July 10, 2026 ^[1]^[2]^[3]. France has advanced to the semifinals after a 2-0 victory over Morocco and will face the winner of the Spain vs. Belgium quarterfinal ^[1]^[4]^[5]^[6]. Prediction markets, including Kalshi and Polymarket, rate France as the clear favorite to win the tournament, with probability estimates ranging from 33% to 40% ^[1]^[7]^[8]^[9]. The Opta supercomputer also identifies France as the new favorite ^[10]. Hosted by the USA, Canada, and Mexico, the tournament features 48 teams and 96 matches ^[11]^[12]^[3]^[10]^[13]. Semifinals are scheduled for July 14-15, the third-place match for July 18, and the final on July 19 at MetLife Stadium in New York/New Jersey ^[3]^[11]^[12].

Several notable player achievements and hat-tricks have occurred. Key player achievements include Kylian Mbappé's record of eight goals in two distinct FIFA World Cups ^[2]^[3]. Mbappé also stands as the youngest player to achieve 20 World Cup appearances ^[2]^[3]. The 2026 tournament has seen hat-tricks from Lionel Messi for Argentina against Algeria, Jonathan David for Canada against Qatar, and Ousmane Dembélé for France against Norway ^[14]^[15]^[16]^[17]. Tournament trends include a record-low penalty conversion rate of 66.1% and the highest percentage of injury-time goals at 11.4% ^[10]^[13].

Sources (17)

2. Price Chart

Historical Price (Probability)

Outcome probability

Date

3. Significant Price Movements

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

Outcome: 4+ hattricks

📉 July 09, 2026: 19.0pp drop

Price decreased from 43.0% to 24.0%

What happened: Research found no direct evidence of a 19.0 percentage point drop in the "World Soccer Cup: Hattricks" prediction market for "4+ hattricks" on July 9, 2026 ^[1]^[2]. While individual hat-tricks occurred during the 2026 FIFA World Cup, no specific market-moving event for the "4+ hattricks" outcome on that date was identified ^[3]^[4]^[5]. Mentions of "Hattrick" on July 9, 2026, pertain to an unrelated digital game update or football entities, not the prediction market ^[6]^[7]^[8]. Therefore, social media was irrelevant, as no evidence supports the occurrence of the described price movement or any corresponding social media activity.

📉 July 08, 2026: 27.0pp drop

Price decreased from 47.0% to 20.0%

What happened: The primary driver of the 27.0 percentage point drop in the "4+ hattricks" prediction market around July 8, 2026, was likely traditional news and analysis regarding general tournament scoring trends ^[2]. As of July 8, 2026, Opta data highlighted a historically low penalty conversion rate of 66.1% in the 2026 FIFA World Cup, suggesting a more challenging scoring environment ^[9]. This trend coincided with the market movement and could have reduced expectations for the overall number of hattricks. No specific social media activity was identified as a primary or contributing driver for this particular market movement.

📈 July 07, 2026: 16.0pp spike

Price increased from 31.0% to 47.0%

What happened: The provided research does not contain evidence for a 16.0 percentage point spike in the "World Soccer Cup: Hattricks" market for "4+ hattricks" on July 7, 2026. On this date, World Cup matches occurred, but no player scored four or more goals, which would typically cause a decline, not a spike, in the "4+ hattricks" outcome ^[3]. The expert-curated sources explicitly state there is no evidence of such a spike related to hat-tricks or soccer activity on July 7, 2026 ^[10]. Therefore, social media was irrelevant, as no related market movement is confirmed.

Outcome: 5+ hattricks

📉 July 06, 2026: 12.0pp drop

Price decreased from 19.0% to 7.0%

What happened: Based on the provided research, there is no reported market-wide social media event or unusual betting volatility that would explain a 12.0 percentage point drop in the "5+ hattricks" outcome on July 6, 2026 ^[11]^[12]^[13]^[14]. Although Erling Haaland had a strong performance in the 2026 FIFA World Cup, scoring 7 goals, this did not correlate with a general market decrease for total hat-tricks on this specific date ^[15]^[16]^[13]. World Cup matches that day, including Spain 1-0 Portugal and England 3-2 Mexico, also lacked any reported associated market volatility for this prediction ^[11]^[12]. Therefore, social media activity was irrelevant to this specific price movement, as no driving event was identified.

📈 July 05, 2026: 25.0pp spike

Price increased from 3.0% to 28.0%

What happened: The provided research indicates no evidence of a 25.0 percentage point price spike in the "World Soccer Cup: Hattricks" market for "5+ hattricks" on July 5, 2026 ^[17]^[18]^[19]^[20]^[3]^[21]. Furthermore, there is no social media activity identified as a catalyst for such a movement on that date ^[17]^[18]^[19]^[20]^[3]^[21]. While Erling Haaland scored a brace for Norway against Brazil on July 5, this was not a hat-trick and did not correspond to a general "5+ hattricks" spike claim ^[22]^[23]^[24]^[25]^[26]^[19]^[20]^[3]^[21]. Based on the available information, social media was irrelevant, as the described market movement itself lacks substantiation.

Sources (26)

4. Market Data

Contract Snapshot

Contract details not available.

Market Discussion

The "World Soccer Cup: Hattricks" prediction market, available on platforms like Robinhood and Coinbase, tracks forecasts for the total number of hat-tricks during the 2026 Men's World Cup ^[1]^[2]^[3]^[4]. This event is part of a significant surge in World Cup prediction market activity, which analysts view as a fundamental shift in fan engagement that transforms passive viewership into active participation and a "global conversation engine" ^[5]^[6]^[7]^[8]. FIFA has designated ADI Predictstreet as the official prediction market partner for the 2026 World Cup, while social media discussions involve both data-driven analysis and concerns over deceptive promotional content ^[7]^[9]^[8]^[10]^[11].

Sources (11)

5. Trader Dashboard

Trust profile

Event quality29

Poor

6. With three hat-tricks already recorded, how does the 2026 World Cup's frequency compare to the historical average for entire tournaments since the 1998 expansion?

Hat-tricks in 2026 World Cup (as of July 10, 2026)	3 ^[1]^[2]^[3]^[4]^[5]^[6]^[7]
Average hat-tricks per tournament (1998-2022)	Approximately 1.29 ^[8]^[9]^[10]
Total hat-tricks in 1998-2022 World Cups	9 ^[8]^[9]^[10]

The 2026 World Cup has already surpassed hat-trick frequency. As of July 10, 2026, the current FIFA World Cup tournament has notably recorded three hat-tricks, scored by Lionel Messi (Argentina vs. Algeria), Jonathan David (Canada vs. Qatar), and Ousmane Dembélé (France vs. Norway) ^[1]^[2]^[3]^[4]^[5]^[6]^[7]. This early frequency significantly exceeds the historical average of approximately 1.29 hat-tricks per entire tournament since the 1998 expansion ^[8]^[9]^[10].

Historical data confirms 2026's unusual hat-trick frequency. Prior to the current event, the seven World Cups held between 1998 and 2022 (including 1998, 2002, 2006, 2010, 2014, 2018, and 2022) accumulated a total of nine hat-tricks, establishing the historical average of 1.29 per tournament ^[8]^[9]^[10]. The current pace observed in 2026 also aligns with earlier predictions from markets such as Kalshi and Robinhood, which had indicated high expectations for three or more hat-tricks in the competition ^[11]^[12]^[13].

Sources (13)

7. Which specific game scenarios in the remaining semifinal and final matches could create the most likely opportunities for another hat-trick?

Historical World Cup Final Hat-tricks	Two men ^[1]^[2]^[3]
2026 World Cup Semifinals Dates	July 14–15, 2026 ^[4]^[5]^[6]^[7]^[8]
2026 World Cup Final Date	July 19, 2026 ^[4]^[5]^[6]^[7]^[8]

Hat-tricks are exceptionally rare in World Cup semifinal and final matches. Historically, only two players have achieved a hat-trick in a FIFA World Cup final ^[1]^[2]^[3]. These high-stakes knockout stages typically feature tight, low-scoring games, with common scorelines such as 1-0, 2-1, or 2-0, underscoring the statistical uncommonness of such an event ^[3]^[9].

Specific scenarios could create rare hat-trick opportunities in 2026. For instance, a dominant attacking team facing a weaker defensive opponent, or a high-scoring match characterized by fluid back-and-forth transitions rather than rigid tactical play, could provide such chances ^[10]. The 2026 FIFA World Cup semifinals are scheduled for July 14–15, 2026, with the final set for July 19, 2026 ^[4]^[5]^[6]^[7]^[8].

Sources (10)

8. How do the tournament performance metrics of Kylian Mbappé compare with those of Lionel Messi and Jonathan David in the matches leading up to their respective 2026 hat-tricks?

Messi's 2026 World Cup Hat-trick Date	June 16, 2026 ^[1]^[2]^[3]
Jonathan David's 2026 World Cup Hat-trick Date	June 18, 2026 ^[4]^[5]^[6]^[7]
Mbappé 2026 World Cup Hat-trick Status	None as of July 10, 2026 ^[8]^[9]^[10]^[11]

Lionel Messi achieved a significant World Cup hat-trick for Argentina in 2026. On June 16, 2026, Lionel Messi scored his first World Cup hat-trick in Argentina's opening match against Algeria ^[1]^[2]^[3]. This milestone, occurring in his 200th international appearance, earned him a perfect 10 SofaScore rating ^[12]. His performance also saw him equal Miroslav Klose's record of 16 World Cup career goals ^[1]^[12]^[13]^[14]^[15].

Jonathan David secured Canada's inaugural World Cup victory with a hat-trick. Jonathan David contributed a World Cup hat-trick for Canada on June 18, 2026, during their 6-0 win over Qatar, marking the nation's first-ever World Cup victory ^[4]^[5]^[6]^[7]. David's individual statistics for this match included a 9 SofaScore rating, 9 shots, and a 2.13 expected goals (xG) metric ^[16]^[17]^[18]^[19].

Kylian Mbappé has not yet scored a 2026 World Cup hat-trick. As of July 10, 2026, Kylian Mbappé has not achieved a hat-trick in the ongoing 2026 World Cup tournament ^[8]^[9]^[10]^[11]. While he has recorded multiple-goal games, including a brace against Iraq ^[20], and has four goals in the 2026 tournament, sources do not attribute a hat-trick to him in the current competition. He continues to maintain his legacy from his hat-trick in the 2022 World Cup final ^[8]^[9]^[10]^[11]^[20]^[21].

Sources (21)

9. What is the historical frequency of hat-tricks scored specifically in the high-pressure semifinal and final stages of the FIFA World Cup?

Hat-tricks in World Cup Final	2 ^[1]^[2]^[3]^[4]^[5]
Players with Final Hat-tricks	Geoff Hurst (1966) and Kylian Mbappé (2022) ^[1]^[2]^[3]^[4]^[5]
Hat-tricks in World Cup Semi-final	2 ^[6]^[4]^[7]

Hat-tricks are exceptionally rare in World Cup semifinal and final stages. In the history of the FIFA World Cup, a total of two hat-tricks have been scored specifically in the final match stage ^[1]^[2]^[3]^[4]^[5]. Similarly, the semi-final matches have also recorded only two hat-tricks ^[6]^[4]^[7].

Only four players have scored hat-tricks in these high-stakes matches. The two players who have achieved a hat-trick in a World Cup final are Geoff Hurst for England in 1966 and Kylian Mbappé for France in 2022 ^[1]^[2]^[3]^[4]^[5]. In the semi-final stage, Oldřich Nejedlý for Czechoslovakia in 1934 and Pelé for Brazil in 1958 are the two players credited with scoring hat-tricks ^[6]^[4]^[7].

Sources (7)

10. How might the tactical matchup between France and the winner of Spain vs. Belgium influence goal-scoring chances for elite forwards in the semifinal?

France Forwards' Goals	13 goals (by quarter-final stage) ^[1]
Spain Defensive Record	No goals allowed (entering quarter-final) ^[2]^[3]
Semifinal Match Date	July 10, 2026 ^[2]

France's elite forwards pose a significant challenge in the semifinal. The winner of the quarter-final match between Spain and Belgium, scheduled for July 10, 2026, will advance to face France in the 2026 FIFA World Cup semifinals ^[2]. France's top forwards, notably Kylian Mbappé and Ousmane Dembélé, have collectively demonstrated substantial goal-scoring capability, achieving a combined total of 13 goals by the quarter-final stage of the tournament ^[1].

The opponent's defensive prowess could limit France's goal-scoring opportunities. The tactical matchup in the semifinal is anticipated to be heavily influenced by the defensive strengths of France's eventual opponent. Should Spain emerge victorious, their impressive defensive record, having not conceded a single goal before the quarter-finals, would present a considerable challenge to France's elite forwards ^[2]^[3]. The importance of goalkeeping will also be critical, with Spain's Thibaut Courtois identified as a potential difference-maker for the Belgian side, regardless of which team advances ^[4].

Sources (4)

11. What Could Change the Odds

Key Catalysts

The World Cup Hattricks prediction market is an event-based contract that forecasts the total number of individual hat-tricks scored throughout the tournament ^[1]^[2]. This market, available on platforms like Kalshi and Robinhood, will resolve shortly after the 2026 FIFA World Cup concludes with its final match on July 19, 2026 ^[1]^[2]^[3]^[4]^[5].

Bullish catalysts for hat-trick markets include the expanded 48-team tournament format, which increases total match volume by 60% ^[1]^[2]. The participation of high-scoring legendary strikers and the potential for lopsided group stage matchups also drive bullish sentiment ^[1]^[2].

Conversely, bearish sentiment stems from historical data, which suggests hat-tricks remain rare, with most tournaments producing only 1-2 instances ^[1]^[2]. Despite this rarity, the 2026 World Cup has generated over $5.4 billion in trading volume by late June 2026, marking a "watershed moment" for prediction markets driven by continuous, liquid, match-by-match contract trading ^[6]^[7]^[8].

Key Dates & Catalysts

Expiration: July 27, 2026
Closes: July 27, 2026

Sources (8)

12. Keep Exploring

More Soccer markets See more soccer setups in the same theme. Browse all Sports markets Keep exploring adjacent sports markets. Track this in the app Open the live app flow and keep following this market in real time.

13. Related News

-19.0pp Published: July 10, 2026

Last updated: July 10, 2026, 14:22 UTC

Tighter Quarterfinal Matchups Drive Down World Cup Hat-Trick Odds

As the 2026 FIFA World Cup progresses into the high-stakes quarterfinal stage, traders have significantly lowered their expectations for more hat-tricks in the tournament. In Thursday's session (July ...

-27.0pp Published: July 9, 2026

Last updated: July 10, 2026, 14:22 UTC

Tighter Knockout Matches Drive Down Odds of More World Cup Hattricks

A series of tightly contested knockout stage matches at the 2026 FIFA World Cup, marked by cautious tactics and narrow victories, has led traders to sharply downgrade the probability of more goal-scor...

-30.0pp Published: July 3, 2026

Last updated: July 10, 2026, 14:22 UTC

World Cup Hat-Trick Odds Fall as Tournament Enters Tighter Knockout Rounds

The progression of the 2026 FIFA World Cup into its high-stakes knockout stage has prompted traders to sharply reduce their expectations for the tournament's total hat-trick count. With the group stag...

-46.0pp Published: June 24, 2026

Last updated: July 10, 2026, 14:22 UTC

World Cup Hat-Trick Bets Cool as Tournament's Group Stage Nears End

As the 2026 FIFA World Cup group stage progresses, traders in a regulated predictions market are scaling back expectations for a high total of hat-tricks in the tournament. The probability for "5 or m...

+39.0pp Published: June 23, 2026

Last updated: July 10, 2026, 14:22 UTC

Early Messi, David Hat-Tricks Push 2026 World Cup Bets Toward 4+ Total

Two hat-tricks scored in the opening weeks of the 2026 FIFA World Cup have prompted traders to significantly increase their expectations for the tournament's final tally. Following historic three-goal...

14. Historical Resolutions

Historical Resolutions: 3 markets in this series

Outcomes: 3 resolved YES, 0 resolved NO

Recent resolutions:

KXWCHATTRICK-26-3: YES (Jun 28, 2026)
KXWCHATTRICK-26-2: YES (Jun 26, 2026)
KXWCHATTRICK-26-1: YES (Jun 17, 2026)

World Soccer Cup: Hattricks

Short Answer

1. Market Behavior & Drivers

Current Context

2. Price Chart

Historical Price (Probability)

3. Significant Price Movements

Outcome: 4+ hattricks

📉 July 09, 2026: 19.0pp drop

📉 July 08, 2026: 27.0pp drop

📈 July 07, 2026: 16.0pp spike

Outcome: 5+ hattricks

📉 July 06, 2026: 12.0pp drop

📈 July 05, 2026: 25.0pp spike

4. Market Data

Contract Snapshot

Market Discussion

5. Trader Dashboard

6. With three hat-tricks already recorded, how does the 2026 World Cup's frequency compare to the historical average for entire tournaments since the 1998 expansion?

7. Which specific game scenarios in the remaining semifinal and final matches could create the most likely opportunities for another hat-trick?

8. How do the tournament performance metrics of Kylian Mbappé compare with those of Lionel Messi and Jonathan David in the matches leading up to their respective 2026 hat-tricks?

9. What is the historical frequency of hat-tricks scored specifically in the high-pressure semifinal and final stages of the FIFA World Cup?

10. How might the tactical matchup between France and the winner of Spain vs. Belgium influence goal-scoring chances for elite forwards in the semifinal?

11. What Could Change the Odds

Key Catalysts

Key Dates & Catalysts

13. Related News

Tighter Quarterfinal Matchups Drive Down World Cup Hat-Trick Odds

Tighter Knockout Matches Drive Down Odds of More World Cup Hattricks

World Cup Hat-Trick Odds Fall as Tournament Enters Tighter Knockout Rounds

World Cup Hat-Trick Bets Cool as Tournament's Group Stage Nears End

Early Messi, David Hat-Tricks Push 2026 World Cup Bets Toward 4+ Total

14. Historical Resolutions

Prediction Markets

Public Markets

Developers

Company

Short Answer

Current Context

Historical Price (Probability)

Outcome: 4+ hattricks

📉 July 09, 2026: 19.0pp drop

📉 July 08, 2026: 27.0pp drop

📈 July 07, 2026: 16.0pp spike

Outcome: 5+ hattricks

📉 July 06, 2026: 12.0pp drop

📈 July 05, 2026: 25.0pp spike

Contract Snapshot

Market Discussion

Key Catalysts

Key Dates & Catalysts

Who will host the 2038 World Soccer Cup?

Kylian Mbappe Total FIFA World Cup Career Goals

Soccer Retirements before Jul 1, 2027

Copa Libertadores Champion

Who will win the Ballon d'Or in 2026?

La Liga Champion

Champions League Winner

Where will Cristiano Ronaldo go next?

Tighter Quarterfinal Matchups Drive Down World Cup Hat-Trick Odds

Tighter Knockout Matches Drive Down Odds of More World Cup Hattricks

World Cup Hat-Trick Odds Fall as Tournament Enters Tighter Knockout Rounds

World Cup Hat-Trick Bets Cool as Tournament's Group Stage Nears End

Early Messi, David Hat-Tricks Push 2026 World Cup Bets Toward 4+ Total

Prediction Markets

Public Markets

Developers

Company