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: Jul 20, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Pyth-published price for Euro / US Dollar (EUR/USD) at 5:00 PM ET on July 20, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the Euro / US Dollar (EUR/USD) price feed page: https://pythdata.app/explore/FX.EUR%2FUSD. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
This market will resolve to "Up" if the Pyth-published price for Euro / US Dollar (EUR/USD) at 5:00 PM ET on July 20, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the Euro / US Dollar (EUR/USD) price feed page: https://pythdata.app/explore/FX.EUR%2FUSD. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-money bets rather than survey opinions. Traders in this market have direct financial incentive to price the EUR/USD outcome accurately, whereas analyst consensus may lag actual market conditions or reflect institutional biases. Comparing the odds here to published forecasts from major banks and currency strategists can reveal where the crowd sees asymmetric risk. Many traders use this market as a reality check against consensus views, particularly when major economic data or central bank decisions create uncertainty about currency direction.
On Polymarket, this market is priced through an automated market maker that converts trader bets into real-time probabilities. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each outcome—euro up or down—is represented as a separate contract, and the price of each reflects the proportion of capital allocated to that side. As traders buy or sell contracts, the price adjusts instantly. This mechanism ensures continuous liquidity and transparent pricing, so you can enter or exit positions at any time before the market closes on Jul 20, 2026.
This market resolves around Jul 20, 2026, once the EUR/USD exchange rate movement can be verified from credible public sources. The outcome is determined by whether the euro has appreciated or depreciated relative to the US dollar at the specified time. Traders who correctly predicted the direction receive their winnings, while incorrect positions expire worthless. Resolution is final once confirmed, so timing and accuracy of your forecast are both critical to profitability.
Major catalysts for EUR/USD movement include European Central Bank and Federal Reserve policy announcements, inflation data releases, and geopolitical developments affecting eurozone stability. Economic surprises—stronger or weaker GDP, employment, or trade figures—can shift currency flows rapidly. Interest rate differentials between the euro and dollar are particularly influential, as higher rates attract capital inflows. Market participants also watch for changes in risk sentiment; during periods of global uncertainty, the dollar often strengthens as a safe-haven asset. Any unexpected political or economic shock in either region could trigger sharp repricing before the market closes.