Will the price of a barrel of crude oil be $115 or more on June 24, 2022?

This is a market on whether the price of crude oil will be at $115.00 or higher as of market close on June 24, 2022. If value of a barrel of oil is $115.00 or greater as of market close on the resolution date, this market will resolve to “Yes”. If the value of a barrel of oil is less than $115.00 as of market close 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 Yahoo Finance’s reporting of the values offered by the New York Mercantile Exchange (NYMEX), found at (https://finance.yahoo.com/quote/CL%3DF/history). Resolution will be based on the value listed in the column labelled “Close*” under the resolution date. If the resolution source is deemed unreliable, other credible media sources may be used.

How trading works

Polymarket uses a central limit order book (CLOB) model — you can buy or sell shares of any outcome at the current market price, or place limit orders at your target price. All positions are settled in USDC when the market resolves.

Resolution

Markets resolve through UMA's Optimistic Oracle. After the market closes, a proposer submits a resolution, followed by a 2-hour dispute window. If no dispute is raised, the resolution is accepted. Disputed markets go to UMA token holder vote.