TOTAL VOLUME:
$134.1b
24H VOL:
$113,466,932
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,423,222,590
402,751
Markets across
30,217
events
MATCHED EVENTS:
2,632
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 12, 2:00 AM EST
Kalshi
This event tracks the peak temperature in Houston on July 11, 2026, divided into six temperature ranges. The actual high temperature will be determined from the National Weather Service's official daily climatological report for that location and date.
Resolution is determined by the maximum temperature recorded at Houston on July 11, 2026, according to the National Weather Service's Climatological Report (Daily). The temperature is categorized into six ranges: 90°F or below, 91-92°F, 93-94°F, 95-96°F, 97-98°F, and 99°F or above. Official data must be obtained from the NWS CLIHOU database via the specified URL, selecting Houston-Hobby, TX with Daily Climate Report. Traders should note that preliminary NWS data may be subject to rounding and conversion nuances, and the final official NWS report takes precedence over other weather sources.
Prediction market odds reflect aggregated trader expectations, which often diverge from traditional weather forecasts issued by meteorologists and government agencies. While analysts rely on numerical weather models and historical climate data, this market incorporates real-time information and trader conviction through price signals. Comparing the two reveals whether the market is pricing in more extreme heat than official forecasts suggest, or vice versa. Traders may factor in longer-term climate trends, urban heat island effects, or recent pattern shifts that standard models lag in capturing. Both sources offer value: forecasts provide scientific rigor, while market odds reveal where informed participants see genuine uncertainty or opportunity.
On Kalshi, this market is priced through a continuous order book where traders buy and sell shares corresponding to different temperature ranges. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each outcome contract reflects the probability traders assign to that temperature band occurring on July 11, 2026. Prices range from near zero to near 100, with higher prices indicating stronger market belief in that outcome. As new information emerges—updated forecasts, seasonal patterns, or climate data—traders adjust their positions, moving prices in real time. The spread between bid and ask prices tightens as more volume flows through the market, making it easier to enter or exit positions at fair value.
This market resolves around Jul 12, 2026, once July 11, 2026 has passed and the actual high temperature in Houston can be verified. The outcome is determined by comparing recorded temperatures against the outcome ranges offered in the market. Credible public sources—such as National Weather Service data or established meteorological records—confirm the final result. Traders holding shares in the correct temperature band receive their payout, while incorrect positions expire worthless. The resolution process is straightforward: match the verified high temperature to its corresponding outcome range, and settle all positions accordingly.
Several catalysts could shift odds significantly before resolution. Updated seasonal forecasts from meteorological agencies, particularly those issued in late spring or early summer 2026, often trigger repricing as traders incorporate new model guidance. Major weather pattern shifts—such as an approaching heat dome, tropical system, or unusual jet stream configuration—can rapidly change expectations. Long-range climate indices and historical analogues to past hot summers also influence trader positioning. As the event date approaches, short-term forecasts become more reliable and typically narrow the range of plausible outcomes, potentially concentrating volume around the most likely temperature bands. Real-time atmospheric data in the days immediately before July 11 will likely produce the sharpest market movements.