TOTAL VOLUME:
$134.1b
24H VOL:
$113,466,932
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,423,222,590
402,751
Markets across
30,217
events
MATCHED EVENTS:
2,632
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 30, 5:00 PM EST
Kalshi
Natural gas prices fluctuate based on supply, demand, weather patterns, and geopolitical factors. This market tracks the settlement price of natural gas futures contracts at a specific moment in time on June 30, 2026.
Settlement is determined by the closing price of the 1-minute candlestick for the NGDQ6 natural gas contract on June 30, 2026 at 5:00 PM EDT. The settlement contract represents 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 expires on April 28, the active month switches from May to June 5 business days prior to that expiry date. The settlement value is rounded to the nearest 3 decimal places. The close price for a 1-minute candlestick at a given time reflects the price at the end of the immediately preceding one-minute interval; for instance, the candlestick timestamped 4:59 PM represents 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.
Prediction market odds often diverge from traditional analyst forecasts because they incorporate real-time trading by participants with direct financial incentive to be accurate. While energy analysts publish reports based on supply, demand, and geopolitical factors, this market aggregates dispersed information through price discovery. Traders betting real money tend to update their positions faster than consensus forecasts, especially when unexpected events occur. However, both sources are valuable: analyst reports provide fundamental reasoning, while market odds reveal what informed participants actually believe will happen. Comparing the two can highlight where disagreement exists and why.
On Kalshi, this market is priced through a continuous order book where buyers and sellers submit bids and offers on whether natural gas will close above a specified threshold. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price you see reflects the last executed trade and the current spread between buy and sell orders. As new information arrives or sentiment shifts, traders adjust their positions, moving the odds up or down. Your entry price depends on the liquidity available at that moment and how aggressively you trade. The platform displays both the current midpoint and the full order book so you can choose your execution strategy.
This market resolves around Jun 30, 2026, when the natural gas closing price for that date and time becomes verifiable. The outcome is confirmed once credible public sources report the official settlement price, typically from established energy data providers. At that point, all positions are settled according to whether the actual price landed above or below the threshold embedded in this market's contract terms. Traders who correctly predicted the direction receive their winnings, while those on the wrong side see their positions close at a loss. Resolution is automatic once the data is published and verified.
Natural gas prices respond to supply shocks, weather forecasts, storage reports, and macroeconomic shifts. Unexpected cold snaps or production disruptions can spike prices, while mild weather or rising inventories typically push them lower. Geopolitical tensions affecting liquefied natural gas exports, changes in renewable energy capacity, and Federal Reserve policy decisions also influence sentiment. Energy company earnings and guidance can signal future supply or demand expectations. Traders in this market will react to weekly inventory data, seasonal demand patterns, and any major infrastructure incidents. Monitoring these catalysts helps you anticipate when odds might shift before resolution.