TOTAL VOLUME:
$116.7b
24H VOL:
$99,401,033
24H TRANSACTIONS:
1,362,287,844
OPEN INTEREST:
$1,177,208,320
335,484
Markets across
33,267
events
MATCHED EVENTS:
4,184
PLATFORM COVERAGE:
5
Polymarket:
42%
VS.
Kalshi:
58%
Natural Gas (NG) Up or Down on March 31?
- Polymarket
Natural Gas (NG) Up or Down on March 31? - Polymarket
50%
1W
News
Positive
Negative
Neutral
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Aug 20
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Vol.
$73.4
·
Resolves Mar 31, 2026
$
This market will resolve to "Up" if the Close price for the Active Month of Natural Gas futures on March 31, 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 futures on March 31, 2026 is lower than the Close price for the Active Month of Natural Gas futures on the most recent prior trading day. For each trading day, the closing price refers to the Pyth "Close" value of the 1-minute candle timestamped 5:00:00 PM ET on that date. 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. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If the Active Month contract does not trade at all during the relevant trading session, the market will resolve 50-50. For Natural Gas futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month. For Natural Gas (NG) futures, the last trading day is defined as four business days prior to the first calendar day of the contract's delivery month, consistent with CME contract specifications. 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 as listed on Pyth. If a listed date is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. If either of the relevant days has no valid Pyth Close value for the 1-minute candle timestamped 5:00:00 PM ET, the market will use the last valid Pyth price achieved prior to 5:00:00 PM ET during that trading day 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 daily close price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine the closing price for that day. Only prices achieved during the applicable trading session for the underlying market will be considered. 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 candle for the Active Month of Natural Gas futures available at https://pythdata.app/explore/Commodities.NGDK6%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
This market will resolve to "Up" if the Close price for the Active Month of Natural Gas futures on March 31, 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 futures on March 31, 2026 is lower than the Close price for the Active Month of Natural Gas futures on the most recent prior trading day. For each trading day, the closing price refers to the Pyth "Close" value of the 1-minute candle timestamped 5:00:00 PM ET on that date. 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. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If the Active Month contract does not trade at all during the relevant trading session, the market will resolve 50-50. For Natural Gas futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month. For Natural Gas (NG) futures, the last trading day is defined as four business days prior to the first calendar day of the contract's delivery month, consistent with CME contract specifications. 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 as listed on Pyth. If a listed date is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. If either of the relevant days has no valid Pyth Close value for the 1-minute candle timestamped 5:00:00 PM ET, the market will use the last valid Pyth price achieved prior to 5:00:00 PM ET during that trading day 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 daily close price published for the Active Month Natural Gas (NG) futures contract by CME Group may be used to determine the closing price for that day. Only prices achieved during the applicable trading session for the underlying market will be considered. 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 candle 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.
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. Natural gas direction pricing on Kalshi reflects the exchange's order-book mechanism, where traders submit bids and offers for up or down outcomes. Prices typically range from 0 to 100 cents per share, with the spread between buy and sell orders indicating market tightness and conviction. On Kalshi, the contract settles based on the official natural gas price reference at the specified resolution time on March 31. Traders can enter limit or market orders to express their view on whether NG will close higher or lower, and pricing adjusts dynamically as new information and order flow arrive.
The Natural Gas (NG) Up or Down on March 31 market resolves at Mar 31, 2026. Resolution is determined by comparing the natural gas price at that specified time against the reference level established at market creation. Traders who correctly predicted the direction of price movement receive their payout, while those on the losing side forfeit their stake. The exact settlement price source and methodology are defined in the market's terms at creation. This timing gives traders a clear deadline to monitor energy markets and adjust positions before the final outcome is locked in.
Natural gas prices are sensitive to weather forecasts, particularly heating and cooling demand expectations heading into late March. Storage inventory reports, production disruptions, and LNG export activity can shift supply-demand dynamics significantly. Geopolitical tensions affecting global energy flows, Federal Reserve policy signals, and broader commodity market sentiment also influence NG direction. Seasonal transitions in spring can create volatility as heating demand wanes. Unexpected production outages, pipeline maintenance, or shifts in renewable energy generation can trigger sharp moves. Traders should monitor weekly EIA storage data, weather pattern changes, and energy sector news closely in the weeks leading to March 31.