TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 25, 5:00 PM EST
Kalshi
This event tracks the price of copper on the futures market at a specific time on June 25, 2026. Copper is an industrial metal essential for construction, electrical wiring, and manufacturing. Its price reflects global economic activity, construction demand, and supply dynamics. The settlement uses the CCN6 contract, which represents the June 2026 delivery month.
Settlement is determined by comparing the 1-minute candlestick close price for copper using the CCN6 contract on June 25, 2026 at 5:00 PM EDT against multiple price thresholds ranging from $5.60 to $6.38 USD per pound, each in $0.02 increments. Each threshold represents a separate market outcome. The settlement is based on the nearest listed contract month, rolling forward to the next contract 10 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 periodic published reports. Traders in this market incorporate breaking news, geopolitical developments, and shifting industrial demand faster than consensus estimates update. While analysts may issue quarterly or annual copper price targets based on fundamental models, this market reprices continuously as participants trade on their own views. Comparing the two can reveal where the crowd expects surprises relative to expert consensus.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The bid-ask spread reflects the current disagreement between buyers and sellers, and prices move as new orders flow in. Each share's value ranges from $0 to $1, with payouts determined by the final copper price at the specified time. Traders profit by correctly predicting whether the price will land above or below key thresholds, and the market's price at any moment represents the aggregate belief of all active participants.
This market resolves around Jun 25, 2026, at which point the outcome is confirmed against credible public sources reporting the copper price at that specific moment. Once the event is verifiable and the price is established, the market settles and payouts are distributed to winning positions. The exact copper price level—whether it falls into the predicted range or not—determines which shares pay out in full. Resolution typically occurs within hours of the event time once reliable data becomes available.
Major catalysts include announcements from mining companies, supply disruptions, shifts in industrial demand from construction and electronics sectors, and macroeconomic data affecting risk appetite. Central bank policy decisions, currency movements, and geopolitical tensions in copper-producing regions can trigger sharp repricing. Inventory reports from exchanges, trade policy changes, and energy price movements also influence trader positioning. Any credible news about global economic growth or recession fears will likely shift the market, since copper is highly sensitive to cyclical demand.