TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 6, 5:00 PM EST
Kalshi
This event tracks the natural gas futures price at a specific moment on July 06, 2026 at 5:00 PM EDT using the NGDQ6 contract. Natural gas is a key energy commodity whose price reflects supply conditions, seasonal demand, and geopolitical factors. The settlement uses the closing price of the 1-minute candlestick at that exact time.
Settlement is determined by comparing the 1-minute candlestick close price for natural gas using the NGDQ6 contract on July 06, 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. 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 close price represents the 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 specified time, the most recently available published data will be used to resolve the market.
Prediction markets and traditional analyst forecasts often diverge because they operate on different incentives. Traders in this market have real money at stake, creating pressure to incorporate all available information quickly. Analysts, by contrast, may rely on models updated less frequently or face institutional constraints. Comparing this market's odds to published energy forecasts from major financial institutions can reveal where the crowd sees asymmetric risk or where consensus may be lagging emerging data on supply, demand, or geopolitical factors.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing yes or no outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each share reflects the market's aggregate belief in that outcome, with higher prices indicating stronger conviction. As new information surfaces—production reports, weather patterns, or policy announcements—traders adjust their positions, and the price updates in real time to reflect shifting expectations around natural gas valuations.
This market resolves around Jul 6, 2026, at which point the outcome is confirmed against credible public sources reporting the actual natural gas price at that moment. The resolution hinges on verifiable market data from established energy pricing benchmarks. Once the event occurs and the price is documented, the market settles according to whether the realized price falls above or below the specified threshold, with payouts distributed to holders of the winning outcome.
Several catalysts can shift this market significantly. Major supply disruptions—pipeline outages, production cuts, or geopolitical tensions affecting export routes—typically drive sharp price moves. Seasonal demand swings, particularly heating-season intensity, also matter. Macroeconomic data, including inflation reports and interest-rate decisions, influence energy demand broadly. Weather forecasts for the resolution period can trigger repricing as traders adjust for heating or cooling demand. Additionally, regulatory announcements or inventory reports from the Energy Information Administration often spark volatility as traders recalibrate their positions.