TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Sep 24, 10:32 AM EST
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 September 22, 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 September: 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. Subsequent revisions will not be considered; the first published release is final. 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.
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 September 22, 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 September: 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. Subsequent revisions will not be considered; the first published release is final. 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.
On Polymarket, this market is priced through a continuous auction mechanism where traders buy and sell shares representing their belief in the likelihood of each state reaching D4 drought conditions. The price of a share directly 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. As more traders participate and new information becomes available, the prices adjust, providing a real-time assessment of the market’s collective forecast. The current volume traded indicates the level of interest and confidence in these predictions, influencing price discovery.
This market resolves around Sep 24, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Specifically, the US Drought Monitor data released after that date will be used to determine whether each state experienced Exceptional Drought (D4) conditions during the specified week. The market will settle based on the official D4 drought classifications published by the US Drought Monitor for the week of September 22, 2026, and will reflect the accuracy of the market’s predictions leading up to that point.
Several signals and events could significantly move this market before it resolves. Major weather patterns, such as the development of a strong El Niño or La Niña, would be key indicators. Significant changes in long-range weather forecasts from NOAA or other meteorological organizations could also shift probabilities. Unexpected rainfall or prolonged heatwaves in drought-prone areas would directly impact the likelihood of D4 conditions developing. Finally, any official announcements or reports regarding water restrictions or agricultural impacts could influence trader sentiment and, consequently, the prices within this market.