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: Jun 8, 5:00 PM EST
Kalshi
A cryptocurrency price index will be measured on a specific date, with multiple outcomes reflecting progressively higher price thresholds for Ethereum's exchange rate.
Prediction market odds on Kalshi reflect trader conviction about ETH's price at a specific future moment, which often diverges from current spot prices on exchanges. While spot markets react to immediate supply and demand, prediction markets incorporate longer-term expectations and risk premiums. Comparing Kalshi odds to analyst forecasts and on-chain sentiment can reveal whether the market is pricing in bullish or bearish scenarios. Spot price today is just a reference point; the prediction market price reflects what traders expect in June 2026.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, ETH price outcomes are priced based on order-book matching and trader positions. Each price bracket or outcome has a bid-ask spread that tightens or widens depending on volume and conviction. Traders buy and sell shares representing their belief about where ETH will trade at the June 8, 2026 5pm EDT snapshot. The market price reflects the marginal trade, so active participation and new information can shift odds throughout the contract's lifetime.
The market resolves on Jun 8, 2026. At that moment, the actual ETH price is recorded and compared against the outcome brackets or price levels defined in the contract. The outcome that matches the recorded price determines which shares pay out. Resolution timing is precise to avoid ambiguity, and the reference price is typically sourced from a major exchange or data provider specified in the market terms.
Major catalysts include Ethereum protocol upgrades, regulatory announcements, macroeconomic shifts, and Bitcoin price movements. Network adoption metrics, staking yields, and layer-2 scaling progress can influence long-term ETH sentiment. Geopolitical events, central bank policy, and broader crypto market sentiment also drive volatility. Technical developments such as Shanghai-style upgrades or security incidents could reshape expectations. Traders on Kalshi will reprice odds as these signals emerge, so monitoring on-chain activity and news flow is essential for understanding market moves.