TOTAL VOLUME:
$134.2b
24H VOL:
$130,522,377
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,438,389,636
404,028
Markets across
30,214
events
MATCHED EVENTS:
2,681
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 10, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Pyth-published price for US Dollar / South Korean Won (USD/KRW) at 5:00 PM ET on July 10, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the US Dollar / South Korean Won (USD/KRW) price feed page: https://pythdata.app/explore/FX.USD%2FKRW. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
This market will resolve to "Up" if the Pyth-published price for US Dollar / South Korean Won (USD/KRW) at 5:00 PM ET on July 10, 2026 is higher than or equal to the Pyth-published price at 5:00 PM ET on the most recent prior trading day. Otherwise, this market will resolve to "Down". E.g., ordinarily, a market on Monday would refer to the previous Friday for its reference price, unless that Friday were a market holiday, in which case it would refer to the next most recent trading day. If no Pyth-published price is available at exactly 5:00 PM ET on a relevant day — whether due to normal feed timing, a system outage, data failure, or other technical disruption preventing verification — the most recent valid Pyth-published price prior to that day's 5:00 PM ET cutoff will be used; if no valid Pyth price exists for that day at all, the most recent prior day on which a valid Pyth price was published will be used in its place. The resolution source for this market is Pyth, specifically the US Dollar / South Korean Won (USD/KRW) price feed page: https://pythdata.app/explore/FX.USD%2FKRW. UMA resolvers should verify against the Pyth-published prices for the relevant 5:00 PM ET timestamps.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-money bets from thousands of traders with direct financial incentive to be accurate, whereas analyst predictions may reflect institutional positioning or longer-term outlooks. On this market, traders are specifically wagering on whether the won strengthens or weakens by July 10, creating a narrow, time-bound signal that differs from broad currency research. Analysts typically publish range forecasts or directional bias over months; prediction markets compress that into a single binary event. When odds here shift sharply, it often signals new information or risk repricing that analysts have not yet fully incorporated into their public guidance.
On Polymarket, traders set prices by buying and selling outcome shares in an automated market maker (AMM) system, where each share represents a claim on one outcome—either USD/KRW up or down. 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 implied probability: a share trading at $0.75 implies a 75% chance of that outcome. As traders place orders, the price adjusts to balance supply and demand, and the spread between bid and ask prices tightens when volume is high. This continuous repricing ensures this market reflects the latest consensus on currency direction heading into the resolution date.
This market resolves around Jul 10, 2026, at which point the outcome is confirmed once the event is verifiable from credible public reporting. The winning outcome is determined by whether the USD/KRW exchange rate closed higher or lower on that date compared to the reference level established at market creation. Traders holding shares in the correct outcome receive their payout, while incorrect positions expire worthless. Resolution typically occurs within hours of market close, once the final exchange rate is published by major financial data providers.
Major catalysts include U.S. Federal Reserve policy announcements, Korean central bank decisions, and economic data releases from both nations—particularly inflation, employment, and GDP figures. Geopolitical tensions on the Korean peninsula, trade policy shifts, or sanctions can trigger sharp won volatility. Broader dollar strength driven by U.S. Treasury yields or global risk sentiment also influences the pair. Technical levels and carry-trade unwinding may accelerate moves in either direction. Traders monitor these signals closely, repricing odds whenever new information suggests a shift in the likely direction by July 10.