TOTAL VOLUME:
$134.1b
24H VOL:
$113,466,932
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,423,222,590
402,751
Markets across
30,217
events
MATCHED EVENTS:
2,632
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 3, 9:24 AM EST
Kalshi
The Fear & Greed Index is a widely-used sentiment indicator that measures investor emotions in cryptocurrency markets on a scale from Extreme Fear to Extreme Greed. This market tracks what sentiment level the index displays on July 2, 2026, based on the first official update released after 4:00 PM ET that day.
Resolution is determined by the Fear & Greed Index value as reported in the first official update released after 4:00 PM ET on July 2, 2026. The index reading at that time—whether Extreme Fear, Fear, Neutral, Greed, or Extreme Greed—directly determines which market resolves affirmatively. If no update is published within one week following 4:00 PM ET on July 2, 2026, the most recent available index value prior to that deadline will be used for resolution purposes. This ensures a definitive outcome even if the index operator's normal update schedule is disrupted during the resolution window.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-money bets from thousands of traders rather than relying on a small group of experts. In this market, traders are directly wagering capital on where sentiment will land, creating incentives for accuracy that differ from published analyst commentary. Comparing the odds here to sentiment surveys or economist predictions reveals whether the crowd is more bullish, bearish, or aligned with consensus views on market psychology heading into mid-2026.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares representing different outcome ranges for the index. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each share reflects the probability traders assign to that outcome, with prices ranging from near-zero to near-100 cents. As new orders flow in, prices adjust in real time, allowing participants to enter or exit positions at any time before the market closes. The spread between bid and ask prices typically tightens as the resolution date nears and more information becomes available.
This market resolves around Jul 9, 2026, once the Fear & Greed Index value for July 2, 2026 is published and verified against credible public sources. The outcome is determined by the official index reading on that specific date, which is calculated from multiple sentiment indicators including market volatility, momentum, social media activity, and other behavioral metrics. Traders holding shares in the correct outcome range at resolution receive their payout based on the final index level.
Major macroeconomic announcements, central bank policy shifts, geopolitical developments, and equity market rallies or selloffs could all shift sentiment and move this market significantly. Unexpected inflation data, employment reports, or earnings surprises often trigger sharp changes in the Fear & Greed Index itself. Additionally, as the resolution date draws closer, traders may adjust positions based on real-time market conditions and updated forecasts, creating price momentum in either direction. Volatility spikes or sustained rallies in risk assets typically push the index toward greed, while corrections or uncertainty tend to drive it toward fear.