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 30, 5:00 PM EST
Kalshi
Brent crude oil prices are determined by global supply and demand dynamics, geopolitical events, production levels, and macroeconomic factors. This market tracks the settlement price of Brent crude oil futures at a specific moment on June 30, 2026.
Settlement is determined by the closing price of the 1-minute candlestick for the BRENTU6 Brent crude oil contract on June 30, 2026 at 5:00 PM EDT. The settlement contract represents the nearest listed contract month, rolling forward to the next contract 5 business days before the current contract's last trading day. For example, if the May 2026 contract expires on April 28, the active month switches from May to June 5 business days prior to that expiry date. The settlement value is rounded to the nearest 2 decimal places. The close price for a 1-minute candlestick at a given time reflects the price at the end of the immediately preceding one-minute interval; for instance, the candlestick timestamped 4:59 PM represents trading from 4:59:00 PM to 4:59:59 PM and closes at 5:00:00 PM. 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 meaningfully from traditional analyst forecasts because they aggregate real-money bets from thousands of traders with direct financial incentive to be accurate. While energy analysts publish price targets based on fundamental models and supply-demand analysis, this market reflects live, dynamic consensus updated continuously as new data arrives. Traders incorporate geopolitical shocks, OPEC decisions, and macroeconomic signals faster than formal forecasts can be revised. Comparing the odds here to published analyst consensus for mid-2026 Brent prices reveals whether the market is pricing in more upside, downside, or uncertainty than the research community expects.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price ranges or outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The bid-ask spread reflects real-time supply and demand; tighter spreads indicate high confidence and liquidity, while wider spreads suggest uncertainty or lower trading volume. Your entry and exit prices depend on the current order book depth and the size of your trade. As new information about crude supply, demand, geopolitical tensions, or macroeconomic forecasts emerges, traders adjust their positions, moving the market price to reflect updated expectations for Brent crude on the settlement date.
This market resolves around Jun 30, 2026, once the Brent crude oil price at that specific moment is verifiable from credible public sources. The outcome is determined by the actual market price of Brent crude on June 30, 2026 at 5:00 PM EDT, confirmed through established financial data providers and energy market reporting. Resolution occurs after the event time has passed and official pricing is published, allowing the platform to settle all positions based on the verified price level. Traders who predicted the correct price range or outcome receive their winnings, while those on the wrong side of the trade lose their stake.
Major catalysts include OPEC production decisions, geopolitical tensions in oil-producing regions, U.S. and global economic data affecting demand, and unexpected supply disruptions. Recession fears or strong growth signals shift long-term price expectations significantly. Monetary policy shifts and currency movements also influence crude valuations. Energy transition announcements, renewable capacity additions, and inventory reports from the U.S. Energy Information Administration provide regular price signals. Extreme weather affecting production or refining capacity, political instability in key producers, and technological breakthroughs in alternative energy can all reshape trader expectations for where Brent will settle by mid-2026.