TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 13, 5:00 PM EST
Kalshi
This event group asks whether the closing price of Natural Gas (NG) futures on July 13, 2026 will be higher or lower than the prior trading day's close. Kalshi offers 60 binary Yes/No markets at 5-cent price increments (2.850–3.145 USD/MMBtu), while Polymarket offers a single Up/Down comparison market relative to the previous trading day's close.
This market will resolve to "Up" if the Close price for the Active Month of Natural Gas (NG) futures on July 13, 2026 is higher than the Close price for the Active Month of Natural Gas futures on the most recent prior trading day. This market will resolve to "Down" if the Close price for the Active Month of Natural Gas (NG) futures on July 13, 2026 is lower than the Close price for the Active Month of Natural Gas futures on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless Friday were not a trading day under the applicable trading-hours schedule, in which case it would refer to the next most recent prior trading day. For a standard full trading session, the closing price refers to the Pyth "Close" value of the 1-minute candle corresponding to the final minute of regular trading hours on the primary exchange. Closing prices will be used exactly as published by Pyth, without rounding. If the two specified closing prices are exactly equal, if the Active Month contract does not trade at all during the relevant trading session, or if the listed date is not a trading day under the applicable trading-hours schedule, the market will resolve 50-50. For the purposes of this market, trading days will be determined according to the applicable trading hours schedule for the underlying market. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours. Per CME contract specifications for Natural Gas (NG) futures, the last trading day is defined as the third last business day of the month preceding the contract's delivery month. The active month changes at the start of the second trading session prior to that contract's last trading session, at which point the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month). The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date. For example, if the last business day of the month preceding the contract's delivery month is a Thursday, the last trading session is the session for the prior Tuesday, and the next listed contract becomes the active month at the start of the trading session for the Friday of the previous week (6:00 PM ET on Thursday), assuming a standard trading calendar. Both closing prices will reference the same underlying contract, specifically the contract that is considered the Active Month at the end of the trading session on the specified date. If either of the relevant days has no valid Pyth Close value for the 1-minute candle corresponding to the end of regular trading hours on the primary exchange, the market will use the last valid Pyth price achieved during the regular trading hours of the primary exchange as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the official settlement price published by the primary exchange on which the listed security trades will be used to determine the closing price for that day. In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candles for the Active Month of Natural Gas futures available at https://pythdata.app/explore?search=NGD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Settlement is determined by comparing the 1-minute candlestick close price for natural gas using the NGDQ6 contract on July 13, 2026 at 5:00 PM EDT against multiple price thresholds ranging from $2.850 to $3.145 USD per MMBtu, each in $0.005 increments. The settlement is based on the nearest listed contract month, rolling forward to the next contract 5 business days before the current contract's last trading day. The close price represents the final price at the end of the immediately preceding one-minute interval. All settlement values are rounded to the nearest 3 decimal places. If no data is published by the specified source agency for the exact time, the most recently available published data will be used for resolution.
Polymarket and Kalshi serve different trader bases, fee structures, and regulatory frameworks. 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 order book and liquidity depth can shift odds independently, especially if one venue attracts more bullish or bearish flow on a given day. Differences in market design—such as how outcomes are framed or when trading halts—also influence pricing. Arbitrage traders often exploit these gaps, but temporary spreads persist due to geographic, technical, or user-base friction between venues.
Natural gas prices respond to weather forecasts, storage reports, production disruptions, and broader energy demand shifts. Unexpected cold snaps or supply outages can trigger sharp rallies, while mild conditions or inventory builds often pressure prices lower. Macroeconomic data—inflation, Fed policy, industrial activity—also influences the commodity. Geopolitical events affecting LNG exports and trading flows can create volatility. Traders monitor these catalysts closely; any headline reshaping near-term supply or demand expectations will shift odds in real time.