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: Jun 30, 4:00 PM EST
Polymarket
This market will resolve to "Up" if the Close price for S&P 500 (SPY) on June 30, 2026 is higher than the Close price for S&P 500 (SPY) on the most recent prior trading day. This market will resolve to "Down" if the Close price for S&P 500 (SPY) on June 30, 2026 is lower than the Close price for S&P 500 (SPY) on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer to Thursday, or the next most recent trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If S&P 500 (SPY) does not trade at all during the regular session, the market will resolve 50-50. For a standard full trading session, the closing price refers to the Pyth "Close" value of the 1-minute candle corresponding to the final minute of regular trading hours on the primary exchange. If either of the relevant days has no valid Pyth Close value for the 1-minute candle corresponding to the end of regular trading hours on the primary exchange, the market will use the last valid Pyth price achieved during the regular trading hours of the primary exchange as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the official closing price published by the primary exchange on which the listed security trades will be used to determine the closing price for that day. Only prices achieved during the regular trading hours of the primary exchange on which the listed security trades (typically 9:30 AM – 4:00 PM ET) will be considered. In the event of a stock split, reverse stock split, or similar corporate action affecting the listed security during the listed time frame, this market will resolve based on split-adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candle available at https://pythdata.app/explore/Equity.US.SPY%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter. Any timestamp within the listed market time frame may be used to view the relevant candle data (e.g., https://pythdata.app/explore/Equity.US.SPY%2FUSD?t=1773432000).
This market will resolve to "Up" if the Close price for S&P 500 (SPY) on June 30, 2026 is higher than the Close price for S&P 500 (SPY) on the most recent prior trading day. This market will resolve to "Down" if the Close price for S&P 500 (SPY) on June 30, 2026 is lower than the Close price for S&P 500 (SPY) on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless that Friday were a market holiday, in which case it would refer to Thursday, or the next most recent trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If S&P 500 (SPY) does not trade at all during the regular session, the market will resolve 50-50. For a standard full trading session, the closing price refers to the Pyth "Close" value of the 1-minute candle corresponding to the final minute of regular trading hours on the primary exchange. If either of the relevant days has no valid Pyth Close value for the 1-minute candle corresponding to the end of regular trading hours on the primary exchange, the market will use the last valid Pyth price achieved during the regular trading hours of the primary exchange as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the official closing price published by the primary exchange on which the listed security trades will be used to determine the closing price for that day. Only prices achieved during the regular trading hours of the primary exchange on which the listed security trades (typically 9:30 AM – 4:00 PM ET) will be considered. In the event of a stock split, reverse stock split, or similar corporate action affecting the listed security during the listed time frame, this market will resolve based on split-adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candle available at https://pythdata.app/explore/Equity.US.SPY%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter. Any timestamp within the listed market time frame may be used to view the relevant candle data (e.g., https://pythdata.app/explore/Equity.US.SPY%2FUSD?t=1773432000).
Prediction market odds reflect real-money trader conviction and aggregate dispersed information across thousands of participants, often diverging meaningfully from traditional analyst consensus. While equity strategists may issue price targets or directional calls based on fundamental analysis and economic models, this market prices the binary outcome through continuous trading. Analysts typically focus on longer-term valuations and earnings; prediction markets capture near-term sentiment and event-specific catalysts. Comparing the two reveals whether professional forecasters and decentralized traders align on near-term SPY direction or hold conflicting views.
On Polymarket, traders set the odds by buying and selling shares representing each outcome—SPY up or down on June 30. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each share reflects the collective probability assigned by the market; a share trading at 0.75 implies a 75% chance of that outcome occurring. Liquidity pools and order books allow participants to enter or exit positions at any time before the market closes. Polymarket's automated market maker and peer-to-peer trading mechanisms ensure prices adjust continuously as new information and trader sentiment emerge.
This market resolves around Jun 30, 2026, once the SPY closing price for that date is finalized and verifiable from credible public sources. The outcome is determined by whether SPY closes above or below its opening level on June 30, with the winning side receiving the full payout. Resolution occurs after market close and official price data is confirmed, typically within hours. Traders holding shares in the correct outcome receive their winnings, while incorrect positions expire worthless.
Major macroeconomic data releases—inflation reports, employment figures, Federal Reserve communications, and GDP revisions—typically drive significant SPY price swings and shift market odds. Geopolitical developments, corporate earnings surprises, and sector-specific news can also trigger volatility. Market-wide risk-off events, changes in interest rate expectations, and shifts in investor sentiment toward equities versus bonds influence trader positioning. Technical levels and options expiration dynamics may create intraday momentum. Traders monitor these catalysts closely to adjust positions and capitalize on probability shifts as June 30 approaches.