TOTAL VOLUME:
$93.6b
24H VOL:
$243,014,578
24H TRANSACTIONS:
895,773,260
OPEN INTEREST:
$2,119,625,206
788,681
Markets across
13,594
events
MATCHED EVENTS:
883
PLATFORM COVERAGE:
5
Polymarket:
46%
VS.
Kalshi:
54%
Closed: Jul 31, 5:00 PM EST
Kalshi
This event tracks the price of natural gas futures on July 31, 2026 at 5:00 PM EDT. Settlement uses the NGDU6 contract with automatic rolling to the next contract month 5 business days before expiration. The closing price of the 1-minute candlestick at that specific time determines the outcome.
Settlement is determined by the close price of the 1-minute candlestick for natural gas using the NGDU6 contract on July 31, 2026 at 5:00 PM EDT. The settlement value 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. For example, if the May 2026 contract's last trading day is April 28, the active month switches from May to June 5 business days prior to the expiry date. The settlement contract is named after its delivery month per standard exchange symbology, not its 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 during 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.
Prediction market odds often diverge from traditional analyst forecasts because traders incorporate real-time information and bear direct financial risk on their views. While energy analysts publish price targets based on supply models, inventory data, and seasonal trends, this market aggregates the collective judgment of active traders who profit or lose based on accuracy. Comparing the implied odds here to published forecasts from major energy research firms can reveal where the market is pricing in tail risks or consensus blind spots. Both sources offer value: analysts provide detailed fundamental analysis, while prediction markets reflect live, incentive-aligned expectations.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each share pays out based on where natural gas settles relative to the specified strike or range, and the bid-ask spread reflects the market's confidence in each outcome. Prices update in real time as new orders flow in, allowing you to enter or exit positions at transparent, market-determined rates. The platform's matching engine ensures efficient price discovery across all participants.
This market resolves around Jul 31, 2026, once the natural gas price for that date and time can be verified from credible public sources. The outcome is determined by the actual settlement price reported by recognized energy data providers on the specified date. Traders holding positions will see their contracts paid out according to whether the final price falls above or below the market's defined thresholds. Resolution typically occurs within hours of the official price being published, allowing quick settlement and payout.
Major catalysts include OPEC production decisions, U.S. inventory reports, weather forecasts affecting heating and cooling demand, and geopolitical tensions in energy-producing regions. Unexpected supply disruptions, pipeline maintenance, or LNG export facility outages can trigger sharp price swings. Macroeconomic data—inflation reports, interest rate decisions, and recession signals—also influence energy demand and trader positioning. Seasonal transitions and storage level announcements provide regular data points that reshape market expectations. Monitoring energy news, weather patterns, and policy announcements will help you anticipate moves in this market.
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