TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
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 / Swiss Franc (USD/CHF) 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 / Swiss Franc (USD/CHF) price feed page: https://pythdata.app/explore/FX.USD%2FCHF. 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 / Swiss Franc (USD/CHF) 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 / Swiss Franc (USD/CHF) price feed page: https://pythdata.app/explore/FX.USD%2FCHF. 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 crowdsourced expectations rather than single-institution views. While economists and currency strategists publish directional calls on USD/CHF based on interest-rate differentials and economic growth, this market aggregates the collective judgment of traders betting actual capital. Analysts may emphasize fundamental factors like Federal Reserve policy or Swiss National Bank decisions, whereas prediction markets price in tail risks and sentiment shifts that surveys might miss. Comparing the two reveals whether professional consensus aligns with market-implied probabilities or signals potential mispricing.
On Polymarket, traders set the odds through an automated market maker that adjusts prices based on order flow and liquidity. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each outcome—USD/CHF up or down—is represented as a contract, and the combined probability of both outcomes sums to 100 percent. As traders buy or sell shares, the price moves to reflect changing conviction about the dollar-franc direction. The platform's transparent order book allows participants to see real-time bids and offers, ensuring price discovery remains efficient and responsive to breaking news or economic releases that affect currency valuations.
This market resolves around Jul 10, 2026, at which point the outcome is confirmed once the USD/CHF exchange rate movement is verifiable from credible public sources. Traders who correctly predicted whether the pair moved up or down by that date receive their winnings; incorrect positions expire worthless. The resolution hinges on comparing the closing rate on July 10 to the reference level established at market inception. No further trading occurs after the end date, and payouts are distributed automatically once the final price is locked in and validated.
Major catalysts include Federal Reserve interest-rate decisions and forward guidance, which strengthen or weaken the dollar relative to safe-haven currencies like the franc. Swiss National Bank policy announcements and inflation data from both economies can trigger sharp repricing. Geopolitical tensions often boost demand for the franc, while risk-on sentiment favors the dollar. Economic surprises—employment reports, GDP revisions, or trade developments—shift expectations about monetary policy divergence. Market participants also monitor technical levels and positioning ahead of the resolution date, as large institutional flows can accelerate moves in either direction.