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, 4:00 AM EST
Kalshi
This event tracks the peak temperature in Las Vegas 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 Las Vegas on July 11, 2026, according to the National Weather Service's Climatological Report (Daily). The temperature is categorized into six ranges: 107°F or below, 108-109°F, 110-111°F, 112-113°F, 114-115°F, and 116°F or above. Official data must be obtained from the NWS CLILAS database via the specified URL, selecting Las Vegas, NV 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 the collective judgment of traders betting real money on outcomes, whereas analyst forecasts typically rely on weather models and historical climate data. This market aggregates dispersed information from many participants, often capturing nuances that single-source forecasts may miss. Comparing the two can reveal where expert consensus and market sentiment diverge—for instance, if traders are pricing in a hotter outcome than meteorologists expect, it may signal confidence in specific atmospheric patterns. Both perspectives offer value for understanding the range of plausible July temperatures in Las Vegas.
On Kalshi, this market is priced through a continuous order-book mechanism 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 trades independently, and the price of a share reflects the market's implied probability of that temperature occurring. As new information arrives—updated forecasts, seasonal patterns, or climate anomalies—traders adjust their positions, moving prices up or down. This dynamic pricing ensures the market remains responsive to changing expectations.
This market resolves around Jul 12, 2026, once July 11, 2026 has passed and the actual high temperature in Las Vegas is recorded and verified. The outcome is determined by comparing the observed temperature against the outcome thresholds defined in the market. Verification relies on credible public reporting from established meteorological sources to confirm the final result. Traders' positions settle based on which temperature range the actual reading falls into.
Major climate patterns, seasonal forecasts, and long-range weather models will influence trader behavior leading up to July 2026. El Niño or La Niña conditions, shifts in the jet stream, and historical heat trends for mid-July in the Southwest can all shift market expectations. Unexpected early-season heat waves or cooler-than-normal spring weather may prompt traders to reassess their positions. Additionally, any significant changes to Las Vegas's urban heat island effect or local infrastructure could factor into longer-term pricing adjustments as the event approaches.