TOTAL VOLUME:
$134.2b
24H VOL:
$129,159,707
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,442,132,418
404,744
Markets across
30,489
events
MATCHED EVENTS:
2,691
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 10, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Pyth-published price for British Pound / US Dollar (GBP/USD) at 5:00 PM ET on July 10, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the British Pound / US Dollar (GBP/USD) price feed page: https://pythdata.app/explore/FX.GBP%2FUSD. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
This market will resolve to "Up" if the Pyth-published price for British Pound / US Dollar (GBP/USD) at 5:00 PM ET on July 10, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the British Pound / US Dollar (GBP/USD) price feed page: https://pythdata.app/explore/FX.GBP%2FUSD. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-money bets from thousands of traders rather than relying on a small group of experts. Analysts may issue point forecasts or ranges based on economic models and historical data, while this market reflects the collective conviction of participants who have financial skin in the game. When odds drift significantly from consensus analyst views, it can signal either market inefficiency or emerging information that professional forecasters have not yet fully incorporated into their models.
On Polymarket, this market is priced through an automated market maker that converts trader bets into real-time probability quotes. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy or sell shares representing "Up" or "Down" outcomes, and the price of each share reflects the implied likelihood of that outcome occurring. As more capital flows into one side, the price adjusts automatically, ensuring the market remains liquid and responsive to new information or sentiment shifts throughout the trading window.
This market resolves around Jul 10, 2026, at which point the outcome is confirmed based on the verified closing exchange rate for the GBP/USD pair on that date. The resolution hinges on whether the rate has moved upward or downward from the opening level, as determined by credible public financial data sources. Once the event is verifiable and the outcome is official, the market settles and traders receive payouts according to their positions.
Major catalysts for GBP/USD movement include Bank of England and Federal Reserve policy announcements, inflation or employment data releases, and geopolitical developments affecting UK or US economic stability. Interest rate expectations, trade flows, and currency carry trades can also shift the pound's valuation overnight. Traders in this market monitor economic calendars, central bank communications, and global risk sentiment closely, as any surprise in these areas can trigger sharp repricing of the odds before the July 10 settlement date.