The Prediction Markets

Will natural gas close above $6 on July 11, 2022?

Closed
Jul 11, 2022
Traded
$33K
Venues
Polymarket
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This market has closed

Trading ended on Jul 11, 2022. The prices below are the last ones before it closed and no longer update. Browse open markets

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

  • Polymarket

No outcome is trading right now. Check back when the venues reopen this market.

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: nasdaq.com

About this market

Final prediction market prices for "Will natural gas close above $6 on July 11, 2022?". $33K has traded across 0 outcomes on Polymarket. The market closed on Jul 11, 2022.

If the value of natural gas is greater than $6.00 at market close according to this market's resolution source on the resolution date, July 11, 2022, this market will resolve to “Yes”. If the value of natural gas is $6.00 or less as of market close according to this market's resolution source on the resolution date, this market will resolve to “No”. If for any reason (e.g. market holiday, emergency market closure) there is no close price for this market's resolution date, the close price of the nearest previous date will be used. The resolution source for this market will be NASDAQ's reporting on the values offered by the New York Mercantile Exchange (NYMEX), found at (https://www.nasdaq.com/market-activity/commodities/ng:nmx/historical). The resolution will be based on the value listed in the column labelled “Close/Last” in the row titled with the resolution date.

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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