TOTAL VOLUME:
$134.2b
24H VOL:
$126,590,312
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,439,516,703
404,175
Markets across
30,277
events
MATCHED EVENTS:
2,685
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 17, 5:00 PM EST
Kalshi
This event group tracks whether Ethereum's price moves up or down during a specific 4-hour window on June 17, 2026 (4:00 PM–8:00 PM ET). Kalshi offers 40 separate binary contracts, each tied to whether the CF Benchmarks Ethereum Real-Time Index (ERTI) 60-second average at 5 PM EDT exceeds a specific threshold. Polymarket offers a single binary contract comparing Ethereum's price at the end of the window to its price at the beginning, using Chainlink's ETH/USD data stream.
This market will resolve to "Up" if the Ethereum price at the end of the time range specified in the title is greater than or equal to the price at the beginning of that range. Otherwise, it will resolve to "Down". The resolution source for this market is information from Chainlink, specifically the ETH/USD data stream available at https://data.chain.link/streams/eth-usd. Please note that this market is about the price according to Chainlink data stream ETH/USD, not according to other sources or spot markets.
Resolution is determined by the simple average of sixty seconds of CF Benchmarks' Ethereum Real-Time Index (ERTI) prices collected immediately before 5 PM EDT on June 17, 2026. Each outcome corresponds to a specific price threshold; the market resolves to Yes for the outcome matching the final averaged price. For example, the '$1,000 or above' outcome resolves Yes if the average exceeds $999.99, while '$1,040 or above' requires the average to exceed $1,039.99. CF Benchmarks' ERTI is the official price source, not alternative platforms like Google or Coinbase. Sixty individual ERTI prices are sampled in the final minute before expiration, and their arithmetic mean determines the resolution.
Prediction market odds reflect trader conviction about directional movement, not absolute price levels. When this market shows strong odds favoring one direction, it signals that active participants expect momentum in that direction during the four-hour settlement window. Spot price expectations—based on technical analysis, news flow, and macro sentiment—often align with prediction odds, but divergences can emerge when traders price in tail risks or when sentiment shifts faster than spot markets react. Comparing both signals helps traders identify potential mispricings.
Polymarket and Kalshi operate under different market microstructures, user bases, and liquidity profiles. 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. Each platform's fee structure, order flow, and risk management rules can cause temporary price gaps. Polymarket may attract institutional traders seeking regulated venues, while Kalshi draws a broader global audience. Arbitrage traders typically exploit these spreads, but during low-liquidity periods or rapid price moves, meaningful divergences can persist for hours, creating opportunities for cross-platform traders.
Major catalysts include Federal Reserve announcements, Bitcoin price action, regulatory news affecting crypto markets, and macroeconomic data releases. Ethereum-specific developments—such as network upgrades, staking changes, or large exchange flows—can also shift trader positioning. Technical levels and options expiry on major derivatives platforms may influence spot volatility during the settlement window. Social media sentiment spikes and whale transaction activity are monitored closely by active traders seeking early signals of directional bias before the market closes.