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: Jun 22, 5:00 PM EST
Kalshi
These markets track the price of natural gas at a specific moment on June 22, 2026. Natural gas is a major energy commodity used for heating, electricity generation, and industrial processes, with prices influenced by weather, production levels, storage, and geopolitical factors. The settlement uses the closing price from a one-minute candlestick at exactly 5:00 PM EDT.
Settlement is determined by the 1-minute candlestick close price for natural gas using the NGDQ6 contract on June 22, 2026 at 5:00 PM EDT, rounded to the nearest 3 decimal places. 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 (e.g., the 4:59 PM candlestick 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. Each market 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 reflect real-money incentives and crowd intelligence rather than single-institution models. Traders in this market are betting their capital on where natural gas will actually trade, which can reveal information gaps or consensus blind spots that surveys miss. Comparing the odds here to published analyst price targets for mid-2026 can highlight where the market is more bullish, bearish, or uncertain than the consensus view. This divergence is often most pronounced during volatile periods or when new supply or demand signals emerge.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price ranges for natural gas. 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 the settlement price lands at the specified time. The bid-ask spread reflects uncertainty and liquidity; tighter spreads indicate high confidence and trading volume, while wider spreads suggest disagreement or lower participation. As new information arrives—supply reports, weather forecasts, or macroeconomic shifts—traders adjust their positions, and prices move to reflect updated expectations.
This market resolves around Jun 22, 2026, once the natural gas price for that date and time is verifiable from credible public sources. The outcome is determined by the actual market price at the specified moment, confirmed through established commodity data providers. Until that point, traders can continue to buy and sell shares as new information and forecasts emerge. Resolution is final once the price is locked in and verified, at which point payouts are distributed to holders of the winning outcome range.
Natural gas prices are sensitive to supply disruptions, weather patterns, storage levels, and macroeconomic demand. Unexpected production outages, severe winter or summer conditions, or shifts in LNG export policy could trigger sharp moves. Geopolitical events affecting global energy flows, changes in renewable energy adoption, and Federal Reserve policy decisions also influence longer-term price expectations. Earnings reports from major producers, inventory data releases, and revisions to demand forecasts are key catalysts. Traders will monitor these signals continuously, repricing this market as new information becomes available before the June 2026 settlement date.