TOTAL VOLUME:
$142.8b
24H VOL:
$102,639,054
24H TRANSACTIONS:
2,660,434,525
OPEN INTEREST:
$1,604,186,899
483,972
Markets across
36,666
events
MATCHED EVENTS:
2,879
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
Closed: Jul 29, 4:06 PM EST
Polymarket
This market tracks whether the Federal Reserve will keep interest rates unchanged following the July 2026 meeting, according to Polymarket using the FOMC’s statement as the resolution source. The current probability of no change in Fed interest rates is 100.0%, while the probability of a 50+ basis points increase stands at 0.1%. Watch the FOMC’s statement release on July 29, 2026, which will determine the market outcome.
The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's July 2026 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for July 28-29, 2026 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their July meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.
Prediction market odds on Polymarket differ from traditional polling because they reflect financial incentives rather than survey responses. Traders with real money at stake price Fed rate-decision contracts based on economic data, Fed communications, and inflation trends. While polls capture public or expert sentiment at a single moment, prediction markets aggregate continuous information flow and self-correct as new data emerges. This dynamic pricing often leads prediction markets to diverge from static polling averages, making them a complementary but distinct signal for assessing July Fed policy expectations.
The Fed Decision in July market resolves on Jul 29, 2026, following the conclusion of the Federal Reserve's July 2026 policy meeting and official announcement. Resolution hinges on the Fed's actual decision regarding the federal funds rate at that meeting. Traders holding contracts on the correct outcome receive their payout once the Fed's statement is released and the market outcome is confirmed. Until that date, prices will continue to shift based on economic indicators, inflation reports, employment data, and any Fed communications that signal policy direction.
Several catalysts could shift Fed Decision in July odds before Jul 29, 2026. Inflation reports, employment data, and GDP growth figures will influence expectations for rate adjustments. Fed speakers and policy communications, including minutes from prior meetings, often move markets as traders parse hints about July intentions. Banking sector stress, financial stability concerns, or geopolitical shocks could prompt policy reassessment. Additionally, yield curve movements and market volatility may signal changing recession or growth risks, prompting traders to reprice the probability of a 25 bps hike versus a hold or larger move.