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 13, 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 13, 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 13, 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 reflect real-money incentives and continuous price discovery rather than point estimates. While economists and currency strategists publish periodic outlooks on dollar strength and emerging-market currencies, this market aggregates the collective judgment of traders betting on a specific outcome by a fixed date. Analysts may focus on longer-term trends or structural factors, whereas prediction markets emphasize near-term event resolution. Comparing the two reveals whether professional consensus aligns with market-implied probabilities or signals potential mispricing.
On Polymarket, this market is priced through an automated market maker that adjusts odds based on order flow and trader positions. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Buyers and sellers trade shares representing each outcome, and the price of each share reflects the market's implied probability. As more capital flows into one outcome, its price rises and the opposing outcome's price falls. This continuous repricing mechanism ensures the market stays responsive to new information about currency fundamentals, central bank policy, and macroeconomic data relevant to dollar-won dynamics.
This market resolves around Jul 13, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution hinges on whether the USD/KRW exchange rate moved up or down on that specific date. Traders holding shares in the winning outcome receive their payout, while losing positions expire worthless. The exact closing price and direction are determined by established financial data sources to ensure objectivity and prevent disputes.
Several catalysts could shift this market significantly before resolution. US economic data—including inflation reports, employment figures, and Federal Reserve communications—directly influence dollar strength. South Korean economic releases, central bank policy decisions, and geopolitical developments affecting risk sentiment also matter. Broader currency market moves, commodity price swings, and shifts in global interest rate differentials can trigger rapid repricing. Traders monitor these signals closely to anticipate directional moves and adjust positions accordingly, making this market highly responsive to macroeconomic news flow.