TOTAL VOLUME:
$134.2b
24H VOL:
$143,246,370
24H TRANSACTIONS:
2,403,290,006
OPEN INTEREST:
$1,452,035,386
405,032
Markets across
30,543
events
MATCHED EVENTS:
2,690
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 30, 5:00 PM EST
Kalshi
Copper prices reflect industrial demand, global economic growth, supply constraints, and currency fluctuations. This market measures the settlement price of copper futures contracts at a specific time on June 30, 2026.
Settlement is determined by the closing price of the 1-minute candlestick for the CCN6 copper 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 10 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 10 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 from traditional analyst forecasts because they reflect real-money commitments from a diverse trader base rather than consensus estimates from a single research team. Analysts typically publish point forecasts or ranges based on historical models and supply-demand analysis, while this market aggregates live beliefs through continuous price discovery. When major economic data or supply disruptions emerge, prediction markets often adjust faster than published analyst reports, making them a useful cross-check for understanding where informed traders see the copper price heading by mid-2026.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing "Yes" or "No" outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current odds reflect the latest matched trades, with the spread between bid and ask prices indicating liquidity depth. As new information arrives—whether macroeconomic data, geopolitical developments, or supply announcements—traders adjust their positions, and the market price updates in real time to incorporate that fresh signal.
This market resolves around Jun 30, 2026, at which point the outcome is confirmed once the event is verifiable from credible public reporting. The resolution hinges on whether the copper closing price meets or exceeds the specified threshold at the exact time window specified. Once that data becomes available and is independently verified, the market settles and traders' positions are finalized based on the actual outcome.
Major catalysts include Federal Reserve policy decisions and inflation data, which influence real rates and commodity demand. Geopolitical tensions affecting mining regions, production disruptions, or supply-chain announcements can trigger sharp repricing. Global economic growth forecasts and industrial production reports also matter significantly, since copper is highly sensitive to manufacturing activity. Additionally, currency movements—particularly USD strength—and competing commodity prices can shift trader positioning as they reassess the probability of this market's outcome before settlement.