TOTAL VOLUME:
$134b
24H VOL:
$103,397,351
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,410,176,180
399,592
Markets across
30,097
events
MATCHED EVENTS:
2,622
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 15, 5:00 PM EST
Polymarket
This event group asks whether Natural Gas (NG) futures will close higher or lower on June 15, 2026. Kalshi offers 60 individual binary contracts, each tied to specific price thresholds above which the market resolves Yes. Polymarket offers a single comparative market: Up if June 15 close exceeds the prior trading day's close, Down if lower, or 50-50 if equal or no trade.
This market will resolve to "Up" if the Close price for the Active Month of Natural Gas (NG) futures on June 15, 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 June 15, 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 NGDN6 contract on June 15, 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. Each threshold represents a separate binary outcome: if the closing price exceeds the specified threshold, that market resolves to Yes; otherwise, No. 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 settlement contract is named after its delivery month per standard exchange symbology. The settlement value is rounded to the nearest 3 decimal places. The close price for any 1-minute candlestick represents the price at the end of the immediately preceding one-minute interval. If no data is published by the specified source agency for the specified time, the most recently available published data will be used to resolve the market.
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 operates distinct order books, fee structures, and user demographics, leading to natural price variations. Polymarket uses binary contracts with precise strike levels, attracting precision-focused traders, while Kalshi offers simpler directional framing that appeals to broader participation. Liquidity depth, geographic trader concentration, and platform-specific incentives also drive wedges. Additionally, contract expiration timing and settlement rule nuances can cause one venue to price slightly higher or lower than the other. Monitoring both prices helps identify arbitrage opportunities and reveals which trader cohort holds stronger conviction on natural gas direction.
Natural gas prices are sensitive to weather forecasts, particularly heating or cooling demand expectations. Storage inventory reports, production disruptions, and liquefied natural gas export flows can trigger sharp moves. Geopolitical developments affecting supply chains, Federal Reserve policy shifts, and crude oil price correlations also influence sentiment. Seasonal demand patterns and unexpected maintenance at major facilities are common catalysts. Traders should monitor weekly storage data, weather models, and energy news closely. Macro economic indicators affecting industrial demand and any supply-side shocks will likely drive this market's direction into the June 15 resolution window.