SimpleFunctions
Winner-take-all answer·11 source contracts·Polymarket 11·refreshed just now·Closes Jun 1, 2026 · 4d

What will South Korea ETF (EWY) hit in May 2026?

Bracket↑ $200

Leader sits at 50% across 11 bound outcomes, runner-up at 38%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.

Leader probability

50%

↑ 208

runner-up 38¢leader 50¢

Outcomes

11

winner-take-all

Runner-up

38¢

↑ $212

Spread

12pp

contested

24h volume

$2K

modest

Closes

Jun 1, 2026

4 days

Venue

Polymarket

11 bound

30-day trend

0%50%100%-30d-3w-2w-1wtoday↑ 208: 71% (10 days, 10 points)↑ 208: 71% on 2026-05-27↑ $212: 51% (10 days, 8 points)↑ $212: 51% on 2026-05-27↑ $204: 88% (10 days, 10 points)↑ $204: 88% on 2026-05-27
↑ 20871¢↑ $21251¢↑ $20488¢
Top 3 candidates by current price · 10d

Bracket family

How the bracket ladder is priced.

Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.

Analysis

This market estimates an 88% probability that South Korea's ETF (EWY) will close below $172 in May 2026, with the competing outcome of reaching above $200 priced at just 30 cents. The high confidence in a downside close reflects recent weakness in South Korean equities, likely driven by macroeconomic concerns, currency headwinds, or geopolitical tensions on the peninsula. The probability could shift significantly if positive earnings surprises emerge, the Korean won strengthens against the dollar, or regional risk premiums compress. The key catalyst remains monthly employment and inflation data from South Korea, scheduled for early June, which would clarify whether current weakness reflects temporary market volatility or sustained economic softness. Until then, traders are pricing in substantial downside protection.

  • EWY traded above $172 for most of 2025; current below-$172 pricing suggests meaningful deterioration in fundamentals or sentiment since then
  • The $200 upside contract trades at 30¢ while the $172 downside trades at 86¢, indicating asymmetric risk perception favoring lower outcomes
  • South Korean won weakness versus USD increases import costs and reduces earnings translation for multinational companies in the index
  • Geopolitical risk premiums (North Korea tensions, US-Korea trade policy) can swing 2-4% swiftly on headline events
  • Monthly Korean economic data (employment, inflation, industrial production) releases in early June will likely trigger contract settlement

What moved the line

  • May 26↑ 20842pp1759¢ · Polymarket
  • May 27↑ $20437pp5188¢ · Polymarket
  • May 26↑ $21228pp1947¢ · Polymarket
  • May 21↓ $16427pp6437¢ · Polymarket
  • May 26↑ $20425pp2651¢ · Polymarket

Recently closed in general

These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.

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How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.

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