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: Jul 13, 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 13, 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 13, 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 reflect real-money incentives rather than consensus opinion. Traders in this market stake capital on their conviction, creating a dynamic pricing mechanism that can react faster to breaking news or economic data. While financial analysts publish reports based on models and historical trends, prediction markets aggregate dispersed information from thousands of participants. Both approaches offer value: analysts provide detailed reasoning, while market odds reveal what informed participants actually believe will happen, sometimes revealing blind spots in conventional wisdom.
On Polymarket, this market is priced through an automated market maker that adjusts odds based on trading activity. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy shares representing either outcome—pound up or pound down—and the price of each share reflects the implied probability. As more capital flows into one outcome, its price rises and the opposing outcome falls, creating a self-correcting mechanism. This continuous pricing model ensures liquidity and allows participants to enter or exit positions throughout the trading window, with spreads tightening as volume increases.
This market resolves around Jul 13, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution hinges on the GBP/USD exchange rate at a specified time on that date, with traders' positions settled based on whether the pound moved up or down relative to the dollar. Participants should monitor official currency data and financial news sources as the date approaches to understand how the market is likely to settle. The exact reference point and timing are established in the market's terms.
Major catalysts for GBP/USD movement include Bank of England interest rate decisions, UK inflation or employment data, US Federal Reserve policy announcements, and broader macroeconomic developments affecting both economies. Political events, Brexit-related news, and trade negotiations can also shift sterling sentiment. Market participants typically react to economic calendars, central bank communications, and geopolitical developments that alter growth or inflation expectations. Traders monitoring this market should watch for scheduled economic releases, speeches from policymakers, and unexpected news that could reshape currency demand or safe-haven flows.