TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 26, 10:36 AM EST
Polymarket
This event group tracks the year-over-year percentage change in the Personal Consumption Expenditures Price Index excluding food and energy (Core PCE) for July 2026. The markets are focused on different thresholds and specific values of this economic indicator as reported by the Bureau of Economic Analysis.
This is a market about percentage change in the Personal Consumption Expenditures Price Index excluding food and energy (Core PCE) over the 12-month period ending July 2026, seasonally adjusted, as reported by the Bureau of Economic Analysis. This market will resolve to the percentage change in the Personal Consumption Expenditures Price Index excluding food and energy (Core PCE) over the 12-month period ending in July 2026 according to the monthly Bureau of Economic Analysis (BEA) report. The resolution source for this market will be the BEA Personal Income and Outlays report for July 2026 (https://www.bea.gov/data/personal-consumption-expenditures-price-index), currently scheduled to be released on August 26, 2026, at 8:30 AM ET. Resolution of this market will take place upon release of the aforementioned data. Note: the resolution source for this market will be the official monthly BEA Personal Income and Outlays news release, which reports core inflation (all items less food and energy) over 12-month periods to only one decimal point (e.g., 3.3%). Thus, this is the level of precision that will be used when resolving the market. For the avoidance of doubt, this market resolves on the core PCE figure — the PCE price index excluding food and energy — not the headline all-items (total) PCE price index figure. If the BEA does not release the relevant figures on the scheduled date, this market may remain open up until the scheduled release time of the next Personal Income and Outlays report (https://www.bea.gov/news/schedule). If the information is not released by that time, this market will resolve according to the figures of the most recent previous month with available data.
Resolution is determined by the month-over-month percent change in the core PCE Price Index for July 2026 as reported by the Bureau of Economic Analysis, measured to one decimal place. The event contains tiered thresholds ranging from above 0.0% to above 0.4% monthly change. Markets will close at 8:25 AM ET on the expected data release date and expire at the sooner of the first 10:00 AM ET following release or one week after the expected release date. Resolution reflects whether the reported inflation figure exceeds each specified threshold.
Currently, prediction markets assign a very high probability to inflation staying near or above zero, reflecting a consensus that price pressures will remain muted. This contrasts with some analyst forecasts that allow for a slightly wider range of outcomes, including modest upside risks. The gap highlights how market participants may be pricing in policy constraints or structural factors that analysts treat as less certain.
On Polymarket and Kalshi, prices can diverge because of differences in user base, liquidity, and design features. Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. For example, one venue might attract more retail traders focused on short-term news, while the other could see heavier institutional participation that favors longer-term macroeconomic views. These dynamics can push the two platforms toward different implied probabilities even when they track the same event.
Key drivers include monthly CPI releases, Fed policy announcements, and shifts in energy or commodity prices that feed into core inflation calculations. Unexpected remarks from central bankers about future rate moves can also cause rapid repricing, as can revisions to past data that alter the trajectory traders see for July’s outcome.