TOTAL VOLUME:
$134.2b
24H VOL:
$126,590,312
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,439,516,703
404,175
Markets across
30,277
events
MATCHED EVENTS:
2,685
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 24, 5:00 PM EST
Kalshi
This event tracks the natural gas futures price at a specific moment on July 24, 2026. Natural gas is a key energy commodity used for heating, electricity generation, and industrial processes, with prices influenced by weather, storage levels, and global energy demand.
Settlement is determined by the closing price of the 1-minute candlestick for natural gas using the NGDU6 contract on July 24, 2026 at 5:00 PM EDT, measured in USD per MMBtu. 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 and corresponding month represent standard exchange symbology where contracts are named after their delivery month, not their expiration date. The settlement value is rounded to the nearest 3 decimal places. The close price for a 1-minute candlestick at a given time represents the price at the end of the immediately preceding one-minute interval; for example, the candlestick timestamped 4:59 PM reflects trading from 4:59:00 PM to 4:59:59 PM and closes at 5:00:00 PM. 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. Each outcome corresponds to a specific price threshold, with resolution to Yes if the settlement price exceeds that threshold.
Prediction market odds often diverge from traditional analyst forecasts because they incorporate real-money incentives and crowd wisdom rather than relying on a single institution's models. Traders in this market are directly rewarded for accuracy, which can surface contrarian views or emerging data faster than consensus estimates. Comparing current odds to published analyst price targets and energy reports can reveal where the market is pricing in different assumptions about supply, demand, and geopolitical factors affecting natural gas.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell contracts representing different natural gas price outcomes. Each contract reflects the probability of a specific price range occurring by the resolution date. The bid-ask spread tightens as volume increases, and prices update in real time based on supply and demand from participants. Higher trading activity typically narrows spreads and improves price discovery.
This market resolves around Jul 24, 2026, at which point the outcome is confirmed against credible public reporting of the actual natural gas price at that specific time and date. Once the event occurs and the price is verifiable from authoritative energy market data, the contract settles and traders receive payouts based on their positions. The resolution process is automated to reflect the most recent official price data available.
Major catalysts for this market include OPEC production decisions, U.S. inventory reports, weather forecasts affecting heating demand, geopolitical supply disruptions, and Federal Reserve interest-rate announcements. Seasonal demand shifts, LNG export volumes, and renewable energy generation also influence natural gas prices. Traders monitor energy news, storage levels, and macroeconomic indicators to adjust positions ahead of the July 2026 settlement date. Unexpected supply shocks or demand surges can trigger sharp repricing.