📈Finance/KALSHI/May 23, 2026
kalshi market
Daily 5pm ET close

Will the natural gas close price be above 2.899 USD/MMBtu on May 29, 2026 at 5:00 PM EDT?

PRISM
78.0%
MARKET (PUBLISH)
85.0%
MARKET (SETTLED)
100%
MOVE
+15pp

PRISM detected 7.0pp overconfidence — market held

PRISM estimated 78% against the market's 85%. This time, the market was right — a calibration data point.

PRISM MISSED-100% return
ISSUED FORECASTMay 23, 2026 at 6:06 AM
MODERATE · OVERPRICED+7.0ppPRISM 78% · Market 85%
PRISM
78.0%
VS
MARKET
85.0%
EDGE DETECTED7.0pp
WEAK
MODERATE
STRONG
EXTREME
OUTCOME
YES
FORECAST
MODERATE
DIRECTION
OVERPRICED
CONFIDENCE
MEDIUM
ACCURACY EDGE
-26
PUBLISHED
May 23, 2026
VIEW LIVE PRISM FORECASTSEdge scoring updated every 2h
1

What happened

This market resolved YES on May 29, 2026. The market's pricing turned out to be more accurate than PRISM's assessment.

Forecast Tape

2 events
  1. May 23, 6:06 AMPUBLISHED

    Prism 78% vs market 85% — MODERATE OVERPRICED

  2. May 29, 11:00 PMRESOLVED YES

    Resolved YES. Market was closer than Prism on this call.

2

What the market believed

MARKET PRICE · AT FORECAST TIME
85.0%

The market was pricing this event at 85.0% probability when PRISM generated its forecast. PRISM assessed this was too high — the market was overconfident.

3

What PRISM believed

PRISM PROBABILITY
78.0%
EDGE DETECTED
7.0pp
FORECAST
MODERATE OVERPRICED
Confidence
MEDIUM
Kelly Reference
N/A
PRISM Sizing (¼ Kelly · cap 5%)
N/A
PRISM REASONING
  • Fundamental analysis indicates natural gas is currently trading materially above the 2.899 threshold with an upward trend
  • With limited time to expiry, moderate mean reversion risk slightly tempers an otherwise high probability of staying above
FACTORS FOR
  • +Verified Henry Hub price is notably above the 2.899 threshold.
  • +Recent multi-day trend is upward, suggesting supportive fundamentals.
  • +Short time window to event limits scope for large reversal.
  • +No reported major bearish supply or demand shocks.
FACTORS AGAINST
  • Natural gas prices are historically volatile over short horizons.
  • Contract-specific dynamics can diverge from headline Henry Hub cash index.
  • Potential for profit-taking or weather-driven demand shifts pre-date.
  • Lack of contract-level curve and positioning data.
RESOLUTION PATHS MODELED
NGDN6 trades sideways or slightly lower but remains above 2.899 into close43%
Bullish conditions push NGDN6 further above 2.899 by event time25%
NGDN6 dips below 2.899 intraday but rebounds above by 5:00 PM10%
Evidence 40%
SOURCES (8)
last week
  • Natural Gas Price Analysis | 25 - 29 MAY 2026 - YouTubeyoutube.com

    naturalgas #naturalgasanalysis Natural Gas price analysis for 25 - 29 May 2026 || Natural gas Analysis || 2026 || natural Gas Outlook || Is this The Best ...

    May 22Open →
  • Natural gas price on May 29, 2026 at 5:00 PM EDT? - Kalshikalshi.com

    If the close price of the 1-minute candlestick for natural gas using the NGDN6 contract on May 29, 2026 at 5:00 PM EDT is above 2.999 USD/MMBtu, then the market ...

    May 22Open →
  • Massachusetts Natural Gas Rate Explained for Businessesspragueenergy.com

    Discover why Massachusetts natural gas rates are increasing and learn how your business can control energy expenses.

    May 19Open →
  • Natural gas Price analysis | 25 May 2026 - YouTubeyoutube.com

    Natural Gas Price Analysis | 25 May 2026 | Natural Gas Forecast | Natural Gas News Today #xng #xngusd #xngusdlive #naturalgas #natgas #hnu #hnd ...

    May 22Open →
  • Natural Gas Weekly Price Forecast, Technical Analysis (May 25 - 29)youtube.com

    Natural gas has had a tough week again, as we continue to trade in one of the weakest times of year. Until we see hotter temperatures return to the United ...

    May 22Open →
  • LNG netback price series - ACCCaccc.gov.au

    The ACCC publishes the LNG netback price series to improve transparency of gas prices in the east coast gas market.

    May 18Open →
  • Trade US Natural Gas Spot CFD - Capital.comcapital.com

    Get the latest US Natural Gas Spot prices in realtime including live charts, historical data, news and analysis. Follow live Natural Gas price and trace the ...

    May 20Open →
  • FRED verified macro/market datafred.stlouisfed.org

    ## VERIFIED ECONOMIC DATA — HENRY HUB NATURAL GAS (FRED — USE THESE NUMBERS) CRITICAL: The following data is from the Federal Reserve Economic Database (FRED) and is verified. Use ONLY these numbers. DO NOT substitute with any other data. Indicator: Henry Hub Natural Gas Latest Value: $3.07 (as of 2026-05-18) — VERIFIED Change from previous: +$0.18 (+6.23%) Trend (last 5 observations): RISING 2026-05-12: $2.91 2026-05-13: $2.88 2026-05-14: $2.79 2026-05-15: $2.89 2026-05-18: $3.07 ## PRE-COMPUTED MARKET MATH (use these numbers — do NOT recalculate) Target: $2.90 $/MMBtu Current value: $3.07 Distance to target: $0.17 ABOVE target (5.9% above) Direction required: Value must stay above or rise

    May 23Open →

PRISM RETRIEVES EVIDENCE FROM A CURATED LIST OF PRIMARY WIRES + OFFICIAL SOURCES

4

Why the gap existed

Prism's 7.0% edge call was wrong — market was right

CALIBRATION SCORECARD
PRISM ACCURACY
0.048
MARKET ACCURACY
0.022
EDGE
-25.9
Brier edge
The market's probability estimate was more accurate than PRISM's on this call.
5

How this forecast played out

1.PRISM analyzed Will the natural gas close price be above 2.899 USD/MMBtu on May 29, 2026 at 5:00 PM EDT?, classifying it as overpriced at 85.0%.
2.Forecast classification: MODERATE OVERPRICED — PRISM estimate 78.0% vs market 85.0%.
3.Kelly reference at forecast time: —% (¼ Kelly, capped at 5%; mathematical reference only — not a position recommendation).
4.Outcome: resolved YES.

Get live PRISM forecasts for Kalshi + Polymarket.

Edge scores, Kelly references, confidence levels, and resolution paths — updated every 2 hours, before the market corrects.

VIEW LIVE FORECASTS
PRISM: v0.9.152-kalshi-nearterm-recall·Forecasted: May 23, 2026·Resolved: May 29, 2026·kalshi
For informational purposes only. Not financial advice. EdgeCal provides PRISM-generated market analysis and does not execute trades, manage funds, or guarantee returns. Past performance does not indicate future results.