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: Jul 13, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Pyth-published price for US Dollar / Swedish Krona (USD/SEK) 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 / Swedish Krona (USD/SEK) price feed page: https://pythdata.app/explore/FX.USD%2FSEK. 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 / Swedish Krona (USD/SEK) 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 / Swedish Krona (USD/SEK) price feed page: https://pythdata.app/explore/FX.USD%2FSEK. 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 incorporate real-time trader behavior and financial incentives absent from surveys or reports. While economists and currency strategists publish forward guidance on USD/SEK based on interest rates, inflation, and central bank policy, this market prices in live market sentiment and reflects participants willing to stake capital on their conviction. Comparing the odds here to published analyst consensus can reveal where the crowd sees value or risk that conventional forecasters may have underweighted.
On Polymarket, this market is priced through an automated market maker mechanism where traders buy and sell shares representing each outcome. 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 probability traders assign to that outcome, with the sum of all outcome prices equaling one dollar. As traders place orders, the price adjusts dynamically to balance supply and demand, creating a continuous price discovery process that aggregates distributed knowledge about USD/SEK movement into a single market rate.
This market resolves around Jul 13, 2026, at which point the outcome is determined by whether the USD/SEK exchange rate closed up or down on that date. The result is verified against credible public sources reporting the official closing price. Once the event is confirmed, the market settles and traders receive payouts based on which outcome occurred and their position in the market.
Major catalysts for USD/SEK movement include US Federal Reserve policy announcements, Swedish Riksbank decisions, inflation data releases, and geopolitical developments affecting risk sentiment. Economic surprises—such as stronger or weaker employment figures, GDP revisions, or trade developments—can shift currency flows rapidly. Central bank communications, yield curve shifts, and broader dollar strength or weakness relative to other currencies also influence trader positioning. Any unexpected macroeconomic news or policy shift in either economy could trigger sharp repricing in this market ahead of the July 13 close.