TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 22, 2:00 AM EST
Kalshi
This market tracks the highest temperature recorded in Houston on June 21, 2026. The outcome will be determined by the official National Weather Service Climatological Report (Daily) for that date, with six temperature ranges covering conditions from mild to very hot.
Resolution is based on the maximum temperature recorded at Houston on June 21, 2026, as reported in the National Weather Service's Climatological Report (Daily), accessible via the CLIHOU database. The official data source is the NWS Daily Climate Report for Houston-Hobby, TX, which can be found by navigating to the specified URL, selecting the "Observed Weather" tab, and choosing Houston-Hobby, TX with Daily Climate Report selected. Six distinct temperature ranges partition the possible outcomes: 89°F or below, 90-91°F, 92-93°F, 94-95°F, 96-97°F, and 98°F or above. Traders should note that preliminary NWS reporting may be subject to rounding and conversion nuances, and the official final value from the NWS Climatological Report (Daily) takes precedence over other weather data sources.
Prediction market odds often diverge from traditional weather analyst forecasts because they incorporate real-time trader conviction and incentivize accuracy through financial stakes. While meteorologists publish seasonal outlooks and historical climate patterns, this market aggregates distributed knowledge from participants betting on the actual high temperature. Traders continuously update positions based on new model runs, atmospheric data, and emerging climate signals, which can cause odds to shift faster than official forecasts. Comparing the two reveals whether the prediction community is pricing in more or less extreme heat than mainstream weather services expect for that date.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares corresponding to different temperature ranges or outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each contract reflects the probability traders assign to a specific temperature band, and the current bid-ask spread shows the live market price. As new information arrives—updated climate models, seasonal patterns, or real-time weather developments—traders adjust their positions, moving the price to reflect changing expectations. The market price at any moment represents the collective belief of active participants about the likelihood of each outcome.
This market resolves around Jun 22, 2026, after June 21, 2026 has passed and the actual high temperature for Houston is recorded. The outcome is determined by verified data from credible public weather sources, ensuring an objective and transparent settlement. Once the event is confirmed and the final temperature is established, the market locks in and payouts are distributed to holders of the winning outcome. This timing gives traders a clear deadline and removes ambiguity about how the prediction will be judged.
Several factors could shift odds significantly before resolution. Updated seasonal climate forecasts, particularly those indicating stronger or weaker heat patterns for early summer 2026, often trigger repricing. Major atmospheric developments—such as shifts in jet stream positioning, tropical activity, or ocean temperature anomalies—can reshape expectations weeks or months in advance. Real-time weather model consensus changes in the days leading up to June 21 typically drive the sharpest moves. Long-range climate indices and historical analogs to past hot years in Houston also influence trader positioning as the date approaches.