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: Jul 12, 8:00 AM EST
Polymarket
This market will resolve to the temperature range that contains the highest temperature recorded at the William P. Hobby Airport Station in degrees Fahrenheit on 12 Jul '26. The resolution source for this market will be information from Wunderground, specifically the highest temperature recorded for all times on this day for the William P. Hobby Airport Station, available here: https://www.wunderground.com/history/daily/us/tx/houston/KHOU. To toggle between Fahrenheit and Celsius, click the gear icon next to the search bar and switch the Temperature setting between °F and °C. This market can not resolve until the first data point for the following date has been published on the resolution source. The resolution source for this market measures temperatures to whole degrees Fahrenheit (eg, 21°F). Thus, this is the level of precision that will be used when resolving the market. Revisions to temperatures recorded within this market's timeframe will be considered until the first datapoint for the following date has been published, after which any alterations will not be considered.
This market will resolve to the temperature range that contains the highest temperature recorded at the William P. Hobby Airport Station in degrees Fahrenheit on 12 Jul '26. The resolution source for this market will be information from Wunderground, specifically the highest temperature recorded for all times on this day for the William P. Hobby Airport Station, available here: https://www.wunderground.com/history/daily/us/tx/houston/KHOU. To toggle between Fahrenheit and Celsius, click the gear icon next to the search bar and switch the Temperature setting between °F and °C. This market can not resolve until the first data point for the following date has been published on the resolution source. The resolution source for this market measures temperatures to whole degrees Fahrenheit (eg, 21°F). Thus, this is the level of precision that will be used when resolving the market. Revisions to temperatures recorded within this market's timeframe will be considered until the first datapoint for the following date has been published, after which any alterations will not be considered.
Prediction market odds often diverge from traditional meteorologist forecasts because they incorporate real-time trader behavior and incentives. While weather analysts issue point estimates or ranges based on atmospheric models, this market aggregates the beliefs of many participants with financial stakes in the outcome. Traders may price in tail risks or consensus shifts faster than official updates. Comparing the leading outcome odds to the latest National Weather Service or private forecaster guidance can reveal where the market is more bullish or bearish on extreme temperatures, offering a complementary perspective to conventional weather prediction.
On Polymarket, this market is priced through an automated market maker that sets odds based on the ratio of shares bought and sold for each temperature outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders purchase shares representing their belief about whether the high will fall into a specific range—such as between 86–87°F—and the price adjusts dynamically as volume flows in or out. Higher trading activity on a particular outcome pushes its price up, reflecting increased confidence. The continuous pricing mechanism ensures that odds remain responsive to new weather data, model updates, and trader conviction throughout the event window.
Major weather model updates, tropical system developments, and shifts in the jet stream can significantly move odds in this market. If meteorologists issue revised forecasts showing a stronger heat dome or cooler pattern, traders will reprice accordingly. Real-time atmospheric data, upper-level pressure patterns, and any unexpected weather systems approaching the Gulf Coast region will influence participant conviction. Additionally, historical temperature records for July 12 and broader seasonal trends may prompt traders to adjust their positions. Close monitoring of National Weather Service advisories and model consensus in the days leading up to the event is key to anticipating price swings.