TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 18, 5:00 PM EST
Kalshi
This event tracks the price of Brent crude oil futures contracts on a specific date and time, measuring whether the price closes above various threshold levels. Brent oil prices are influenced by global supply and demand, geopolitical tensions, production decisions by major oil-producing nations, and macroeconomic factors.
Settlement is determined by the closing price of the 1-minute candlestick for Brent crude oil using the BRENTQ6 contract on June 18, 2026 at 5:00 PM EDT, with prices evaluated against thresholds ranging from $74.00 to $83.50 USD per barrel. Settlement is based on the nearest listed contract month, rolling forward to the next contract 5 business days before the current contract's last trading day. The settlement contract is named after its delivery month per standard exchange symbology. The close price is defined as the price at the end of the immediately preceding one-minute interval. All settlement values are rounded to the nearest 2 decimal places. If no data is published by the specified source agency for the specified time, the most recently available published data will be used to resolve the market.
Prediction market odds often diverge from traditional analyst forecasts because they reflect real-money incentives and continuous price discovery rather than point estimates issued at fixed intervals. Traders in this market are betting directly on the Brent crude price at a specific future date, which can incorporate forward-looking signals—such as OPEC production decisions, inventory reports, and demand trends—faster than consensus analyst surveys. While energy analysts publish quarterly or annual outlooks, prediction markets update dynamically as new information emerges. Comparing the two reveals whether professional forecasters and market participants agree on the likely trajectory, or whether one group is pricing in tail risks the other underweights.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price outcomes for Brent crude on the settlement date. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each contract reflects a specific price range or point estimate, and the bid-ask spread indicates how confident the market is about that outcome. As new information arrives—earnings reports, geopolitical events, or macroeconomic data—traders adjust their positions, moving the price up or down. The platform's pricing mechanism ensures that the market odds at any moment represent the aggregated belief of all active participants on Kalshi about the most likely Brent crude price at 5:00 PM EDT on June 18, 2026.
This market resolves around Jun 18, 2026, once the Brent crude oil price at 5:00 PM EDT on that date becomes verifiable from credible public sources. The outcome is determined by the actual traded price of Brent crude at the specified time, confirmed through widely recognized financial data providers and energy market reporting. Traders who correctly predicted the price range or level at settlement receive their winnings, while those on the wrong side of the market realize losses. The resolution process is straightforward and objective, anchored to observable market data rather than subjective interpretation.
Major catalysts for this market include OPEC production announcements, geopolitical tensions in oil-producing regions, U.S. inventory reports, and shifts in global demand forecasts. Recession fears or stronger-than-expected economic growth can significantly alter energy price expectations. Renewable energy policy changes, dollar strength, and interest rate decisions also influence crude valuations. Supply disruptions from hurricanes, sanctions, or infrastructure failures create sharp repricing events. Additionally, earnings reports from major energy companies and forward guidance on capital expenditure can signal market participants' confidence in future supply-demand balance. Traders monitor these signals continuously to adjust positions ahead of the June 2026 settlement date.