TOTAL VOLUME:
$154.6b
24H VOL:
$323,326,361
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,969,435,260
419,363
Markets across
40,411
events
MATCHED EVENTS:
4,612
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 5, 12:55 AM EST
Kalshi
The event tracks the peak electricity demand on the Texas ERCOT grid for a specific date, reflecting how energy consumption patterns and infrastructure capacity interact under real-world conditions.
The event determines whether the highest hourly total system load reported for the ERCOT grid on October 4, 2026, exceeds specified thresholds, with each market corresponding to a different threshold value. The resolution relies on the highest value in the TOTAL column of the first complete “Actual System Load by Forecast Zone” CSV report published by ERCOT for that operating day. Each hourly value represents the ERCOT system load for the corresponding full hour, and instantaneous load readings are excluded. Values are compared as published without rounding, and any later revisions, settlement adjustments, or republications do not affect the outcome. The Expiration Value for each market is the highest published load figure, and the market resolves to Yes if this value surpasses the respective threshold.
Currently, it’s difficult to directly compare the predictions from this market to those of traditional analysts. Broadly, prediction markets often incorporate a wider range of information and perspectives than typical forecasts, potentially leading to more accurate results. However, it's important to remember that analyst forecasts and the probabilities reflected in this market represent different methodologies. Do analysts anticipate peak demand will exceed 62,500 MW on October 4, 2026? That’s the key question for comparing these viewpoints.
On Kalshi, this market is priced through a continuous double auction, meaning traders buy and sell contracts representing different outcomes. The price of a contract reflects the market’s assessment of the probability of that outcome occurring. As more traders participate, the prices adjust to reflect the collective wisdom of the crowd. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The prices are dynamic and change based on supply and demand, offering a real-time view of expectations for Texas electricity demand.
This market resolves around Oct 12, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, the resolution will depend on the highest hourly total system load reported for the ERCOT grid on October 4, 2026. The reported load will be sourced from official ERCOT data and verified against credible public sources. The market will then determine whether that peak demand exceeded the levels defined in the available contracts.
Several factors could significantly influence this market. Weather forecasts for Texas in late September and early October 2026 will be crucial, as extreme heat or cold can dramatically increase electricity demand. Changes in the state’s energy mix, such as increased renewable energy generation or the availability of natural gas, could also play a role. Furthermore, any major economic announcements or unexpected events impacting industrial activity in Texas could shift expectations and move this market. Regulatory changes related to energy policy are another potential catalyst.