TOTAL VOLUME:
$142.4b
24H VOL:
$104,871,197
24H TRANSACTIONS:
2,643,541,936
OPEN INTEREST:
$1,592,701,755
469,827
Markets across
35,657
events
MATCHED EVENTS:
2,899
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
$
This market tracks the probability of crude oil reaching a new all-time high price, above $147.27, by a specified date. Currently, the consensus probability of this occurring by March 31, 2027 is 19.0%, while the probability of reaching a new high by December 31 is 10.9%. This aggregated view combines data from Polymarket and Predict, with resolution determined by the daily high price of the Active Month CME Crude Oil (CL) futures contract as reported on the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html). Traders should watch the price of crude oil as the betting period closes on March 31, 2027 to see if a new all-time high is reached.
This market will resolve to "Yes" if, on any trading day after market creation, the official daily high price published by the CME Group for the Active Month (front month) of CME Crude Oil (CL) futures is greater than $147.27 by the final trading day on or before the specified date. Otherwise, this market will resolve to "No". For CME Crude Oil (CL) futures contracts, the active month is the nearest of the contract months listed. The active month becomes a non-active month effective two business days prior to the spot month expiration. For example, if the spot month expires on a Friday the next listed contract will be considered the Active Month on the Wednesday prior to the spot month expiration. This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved. The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures. If finalized data for the final trading day of the specified time period has not been published on the CME Group website within 14 calendar days (ET) of the end of that period, this market will resolve based on the data published through all CME Group channels up to that point.
This market will resolve to "Yes" if, on any trading day after market creation, the official daily high price published by the CME Group for the Active Month (front month) of CME Crude Oil (CL) futures is greater than $147.27 by the final trading day on or before the specified date. Otherwise, this market will resolve to "No". For CME Crude Oil (CL) futures contracts, the active month is the nearest of the contract months listed. The active month becomes a non-active month effective two business days prior to the spot month expiration. For example, if the spot month expires on a Friday the next listed contract will be considered the Active Month on the Wednesday prior to the spot month expiration. This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved. The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures.
Prediction market odds, such as those found in this market, often provide a different perspective than traditional analyst forecasts. Analysts typically base their predictions on fundamental and technical analysis, while prediction markets aggregate the wisdom of the crowd. This can lead to discrepancies, particularly when unforeseen events or “black swan” risks are involved. While analyst forecasts may offer detailed reasoning, this market reflects the collective belief of traders willing to put capital behind their predictions. This difference can be valuable for a more holistic view of potential outcomes.
Prices on Polymarket and Predict can diverge due to several factors. Polymarket and Predict can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform attracts a different user base with varying risk appetites and information sets. Trading volume and liquidity also play a role; higher volume on one platform can lead to more efficient price discovery. Furthermore, differing interface designs and user experiences can influence trading behavior. Currently, Polymarket currently favors Will Crude Oil reach a new all-time high by March 31, 2027? at 19.0%, while Predict leans toward Will Crude Oil reach a new all-time high by December 31? at 13.9%, illustrating these potential differences.
This market resolves around Apr 1, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution will be based on whether crude oil has reached a new all-time high price before that date. The final price will be determined by a widely recognized benchmark for crude oil, such as Brent or West Texas Intermediate, and verified against credible public sources. Trading will cease once the outcome is known, and winning traders will be paid out according to the market’s rules.
Several factors could significantly impact this market. Geopolitical events, such as conflicts in major oil-producing regions, could disrupt supply and drive prices higher. Economic data releases, particularly those related to global demand, could also influence the market. Unexpected changes in OPEC+ production policies or significant shifts in energy policy from major consuming nations are other potential catalysts. Furthermore, unforeseen disruptions to oil infrastructure, like pipeline outages or refinery issues, could create short-term price spikes. Monitoring these events is crucial for understanding potential movements in this market.