TOTAL VOLUME:

$154.8b

24H VOL:

$277,138,640

24H TRANSACTIONS:

2,984,640,614

OPEN INTEREST:

$1,905,404,943

412,077

Markets across

39,838

events

MATCHED EVENTS:

4,526

PLATFORM COVERAGE:

5

Polymarket:

37%

VS.

Kalshi:

63%

BETA
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Exceptional drought (D4) by state — week of October 20, 2026
polymarket

Will any state have exceptional drought?

Volume:
$2,388

Mississippi

 - Polymarket

Mississippi - Polymarket

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolved Oct 22, 2026

Closed: Oct 22, 10:32 AM EST

polymarket

Polymarket

View
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
polymarket

Mississippi

View
100%
Yes 100¢No 0¢
—
N/A
$250
N/A
N/A
N/A
Settled
Yes
polymarket

Tennessee

100%
Yes 100¢No 0¢
—
N/A
$250
N/A
N/A
N/A
Settled
Yes
polymarket

Wisconsin

100%
Yes 100¢No 0¢
—
N/A
$250
N/A
N/A
N/A
Settled
Yes
polymarket

Oklahoma

100%
Yes 100¢No 0¢
—
N/A
$70
N/A
N/A
N/A
Settled
Yes
polymarket

Arkansas

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Idaho

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Louisiana

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Missouri

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Nebraska

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Nevada

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Texas

100%
Yes 100¢No 0¢
—
N/A
$50
N/A
N/A
N/A
Settled
Yes
polymarket

Colorado

100%
Yes 100¢No 0¢
—
N/A
$20
N/A
N/A
N/A
Settled
Yes
polymarket

Kansas

0%
Yes 0¢No 100¢
—
N/A
$65
N/A
N/A
N/A
Settled
No
polymarket

Illinois

0%
Yes 0¢No 100¢
—
N/A
$65
N/A
N/A
N/A
Settled
No
polymarket

Kentucky

0%
Yes 0¢No 100¢
—
N/A
$59
N/A
N/A
N/A
Settled
No
polymarket

Pennsylvania

0%
Yes 0¢No 100¢
—
N/A
$59
N/A
N/A
N/A
Settled
No
polymarket

Indiana

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Iowa

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Maryland

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Minnesota

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Montana

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

North Carolina

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Ohio

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

Oregon

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
polymarket

South Carolina

0%
Yes 0¢No 100¢
—
N/A
$50
N/A
N/A
N/A
Settled
No
Total markets: 25 of 40

Description

This market will resolve to "Yes" for each listed state that has D4 (Exceptional Drought) on 0.05% or more of its land area in the US Drought Monitor release for the week of October 20, 2026. Otherwise, this market will resolve to "No". D4 area below 0.05% is treated as cartographic noise at state borders and resolves "No". States appear only during the months in which they plausibly reach D4, so this event's roster changes through the year. 40 of the 48 coterminous states are in season for October: Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming. A state absent from this event is not making any claim about that state's drought — it simply has no market this week. Each USDM release covers the seven-day period ending Tuesday at 8:00 AM ET and is published the following Thursday. Resolution is based on the first published US Drought Monitor release for the listed week. The first published release is final, and that publication is the revisions cutoff; subsequent revisions will not be considered. In the case that the Resolution Source publishes data, sufficient to settle a Market, that is clearly erroneous and the result of technical or operational error, or of unauthorized interference with the Resolution Source or its data, the Market may remain open for a period of up to seven (7) calendar days (ET) from the time of the original release, in anticipation of a correction by the Resolution Source. If the Resolution Source publishes a corrected value within that period, that value will be eligible for resolution. If no corrected value is published within that period, Polymarket will issue a Clarification to determine whether the originally published value may be eligible for resolution, or whether other action is required to preserve the orderly functioning of the Market. Revisions remain subject to the cutoff above. The only exception is a correction of a clearly erroneous print under the preceding paragraph, which will be used even if published after the cutoff. If the US Drought Monitor has not been published by 11:59 PM ET on the day following the scheduled publication date, this market will resolve to "No". The resolution source for this market is the US Drought Monitor at droughtmonitor.unl.edu.

Polymarket

This market will resolve to "Yes" for each listed state that has D4 (Exceptional Drought) on 0.05% or more of its land area in the US Drought Monitor release for the week of October 20, 2026. Otherwise, this market will resolve to "No". D4 area below 0.05% is treated as cartographic noise at state borders and resolves "No". States appear only during the months in which they plausibly reach D4, so this event's roster changes through the year. 40 of the 48 coterminous states are in season for October: Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming. A state absent from this event is not making any claim about that state's drought — it simply has no market this week. Each USDM release covers the seven-day period ending Tuesday at 8:00 AM ET and is published the following Thursday. Resolution is based on the first published US Drought Monitor release for the listed week. The first published release is final, and that publication is the revisions cutoff; subsequent revisions will not be considered. In the case that the Resolution Source publishes data, sufficient to settle a Market, that is clearly erroneous and the result of technical or operational error, or of unauthorized interference with the Resolution Source or its data, the Market may remain open for a period of up to seven (7) calendar days (ET) from the time of the original release, in anticipation of a correction by the Resolution Source. If the Resolution Source publishes a corrected value within that period, that value will be eligible for resolution. If no corrected value is published within that period, Polymarket will issue a Clarification to determine whether the originally published value may be eligible for resolution, or whether other action is required to preserve the orderly functioning of the Market. Revisions remain subject to the cutoff above. The only exception is a correction of a clearly erroneous print under the preceding paragraph, which will be used even if published after the cutoff. If the US Drought Monitor has not been published by 11:59 PM ET on the day following the scheduled publication date, this market will resolve to "No". The resolution source for this market is the US Drought Monitor at droughtmonitor.unl.edu.

Frequently asked questions

On Polymarket, the dashboard for the 2026 US drought market displays the current implied probabilities for each US state experiencing Exceptional drought (D4) conditions as defined by the US Drought Monitor during the week of October 20, 2026. You’ll find a price feed reflecting the cost to buy or sell a 'yes' outcome for any given state. The dashboard also shows the total volume traded on this market, currently at $2,388, and the 24-hour volume, which is $2,263. This allows traders to monitor market activity and sentiment.

Currently, it's important to note that analyst forecasts regarding widespread drought conditions in 2026 are still developing. However, this market provides a real-time assessment of collective belief, reflecting what traders think is likely to happen. While early analyst projections might focus on broad trends, this market allows for a more granular view, assessing the probability of D4 drought in individual states. Discrepancies between this market and initial forecasts can highlight areas where the crowd anticipates conditions differing from expert opinions, potentially revealing overlooked factors.

On Polymarket, this market is priced through a continuous auction mechanism where traders buy and sell contracts representing their belief about the probability of Exceptional drought (D4) in each US state. The price of a 'yes' contract reflects the implied probability of that outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market price adjusts dynamically based on supply and demand; increased buying pressure raises the price, indicating growing confidence in the drought occurring, while increased selling pressure lowers it. This creates a constantly updated forecast based on the aggregated wisdom of the crowd.

This market resolves around Oct 22, 2026, with the outcome determined by the US Drought Monitor's official map released for the week of October 20, 2026. The determination will be based on whether each state meets the criteria for Exceptional drought (D4) as defined by the US Drought Monitor. The outcome will be verified against credible public reporting from the US Drought Monitor and related government sources. Traders will then be able to claim their winnings based on the accuracy of their predictions in this market.

Several factors could significantly influence trading activity in this market. Major weather patterns, such as the development of a strong El Niño or La Niña event, would be closely watched. Long-range precipitation forecasts from organizations like the Climate Prediction Center will also be key drivers. Unexpected changes in water reservoir levels, particularly in drought-prone regions, could shift sentiment. Finally, any significant policy announcements related to water management or drought mitigation efforts could also move this market as traders adjust their expectations.