TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Sep 11, 5:00 PM EST
Kalshi
This event group asks whether the US Dollar will be stronger or weaker against the Norwegian Krone on September 14, 2026. The markets resolve based on the closing price of the USD/NOK exchange rate on that date, compared to the prior day's closing price.
This market will resolve to "Up" if the reference price for US Dollar / Norwegian Krone (USD/NOK) on September 14, 2026 is higher than the reference price for the most recent prior reference day. This market will resolve to "Down" if it is lower. If the two reference prices are exactly equal, this market will resolve 50-50. For each day, the reference price is the "Close" value of the Pyth 1-minute candle timestamped 4:59 PM ET (covering 4:59:00–4:59:59 PM ET) on that date. Reference prices will be used exactly as published by Pyth, without rounding. A "reference day" is any day on which the applicable trading session for US Dollar / Norwegian Krone (USD/NOK), per the trading-hours schedule listed on Pyth, includes 4:59 PM ET. E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, since weekend sessions (where applicable) do not include a 4:59 PM ET close; if that Friday were a market holiday, it would refer to the next most recent prior reference day. All times are Eastern Time, and each day refers to the Eastern Time calendar date. If no valid Pyth Close value exists for the 4:59 PM ET 1-minute candle on any day for which a reference price is being determined — including September 14, 2026 itself, such as on a day with shortened trading hours — the last valid Pyth price published prior to 5:00 PM ET on that date will be used as that day's reference price. If no valid Pyth price is published at all on the prior reference day — due to a system outage, data failure, or other technical disruption — the next most recent prior reference day on which a valid Pyth price was published will be used in its place. If no valid Pyth price is published at all on September 14, 2026, or if September 14, 2026 is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. The resolution source for this market is Pyth, specifically the "Close" value of the relevant 1-minute candle for US Dollar / Norwegian Krone (USD/NOK) available at https://pythdata.app/explore/FX.USD%2FNOK. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
All markets resolve based on the USDNOK exchange rate's opening candlestick value at 5pm ET on September 11, 2026, as published by Pyth. Each market has a unique threshold; if the rate is above the specified level (ranging from 9.251 to 9.289), the market resolves to Yes, otherwise to No. Data is rounded to four decimal places. If Pyth does not publish data at the exact time, the most recent available value is used. Post-expiration revisions to the exchange rate do not affect the resolution.
Prices on Polymarket and Kalshi can diverge due to several factors. Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform has its own user base, trading rules, and liquidity, leading to variations in price discovery. Differences in the types of traders participating on each platform—for example, more sophisticated or informed traders on one versus the other—can also contribute to price discrepancies. Furthermore, the 24-hour volume on each platform, currently $2,098, can impact price sensitivity and responsiveness to new information related to the USD/NOK exchange rate.
Several economic and geopolitical factors could significantly influence this market. Unexpected shifts in US or Norwegian monetary policy, such as interest rate changes, could impact the USD/NOK exchange rate. Major economic data releases from either country, including inflation reports or GDP figures, could also trigger price movements. Geopolitical events, like changes in oil prices (given Norway’s oil-dependent economy) or global risk sentiment, could also play a role. Monitoring these signals will be crucial for understanding potential shifts in the probabilities offered on Polymarket and Kalshi.