TOTAL VOLUME:
$154.4b
24H VOL:
$245,801,863
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,902,097,102
417,059
Markets across
40,178
events
MATCHED EVENTS:
4,415
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 5, 9:10 PM EST
Polymarket
This market will resolve to "Up" if the reference price for US Dollar / Turkish Lira (USD/TRY) on October 5, 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 / Turkish Lira (USD/TRY), 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 October 5, 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 October 5, 2026, or if October 5, 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 / Turkish Lira (USD/TRY) available at https://pythdata.app/explore/FX.USD%2FTRY. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
This market will resolve to "Up" if the reference price for US Dollar / Turkish Lira (USD/TRY) on October 5, 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 / Turkish Lira (USD/TRY), 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 October 5, 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 October 5, 2026, or if October 5, 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 / Turkish Lira (USD/TRY) available at https://pythdata.app/explore/FX.USD%2FTRY. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Currently, prediction market odds offer a distinct perspective compared to traditional analyst forecasts for the USD/TRY exchange rate. While many analysts are offering projections based on economic indicators and geopolitical factors, this market represents the collective wisdom of traders directly expressing their beliefs about the outcome. It’s important to note that analyst forecasts can vary widely, and this market provides a real-time, aggregated view of expectations. Examining the differences between these forecasts and the market’s implied probability can offer valuable insights.
On Polymarket, this market is priced through a continuous auction mechanism, where traders buy and sell shares representing their belief about whether the USD/TRY exchange rate will be up or down on October 5. The price of these shares directly reflects the implied probability of each outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market efficiently incorporates new information as traders react to news and events, constantly adjusting the odds. This dynamic pricing ensures that the market reflects the most up-to-date collective assessment of the potential movement in the USD/TRY exchange rate.
This market resolves around Oct 5, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution will be based on the official USD/TRY exchange rate at a specific time on October 5, as reported by a widely recognized financial data provider. Traders will then be paid out based on whether their shares align with the direction of the exchange rate at the time of resolution. This ensures a transparent and objective determination of the market’s outcome.
Several signals or events could significantly move this market before Oct 5, 2026. Major economic data releases from the United States or Turkey, such as inflation figures, GDP growth, or unemployment rates, could influence trader sentiment. Geopolitical developments, including any shifts in political stability or international relations impacting Turkey, are also likely to have an effect. Unexpected policy announcements from the Turkish central bank regarding interest rates or currency intervention could also cause substantial price movement in this market. Any significant shifts in global risk appetite could also impact the USD/TRY exchange rate.