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: May 29, 8:00 AM EST
Polymarket
This market tracks whether Madrid's highest temperature will reach 35°C on May 29, 2026. On Polymarket, the 35°C outcome is at 49.0%, while a 36°C high is at 37.5%. Resolution will be determined by historical weather data from Weather Underground, using measurements from Adolfo Suárez Madrid-Barajas Airport Station. The actual temperature reading on May 29, 2026 will serve as the definitive settlement source for this event.
Prediction market odds on Polymarket reflect real-time trader conviction and can diverge meaningfully from traditional meteorological forecasts and analyst models. While weather agencies publish deterministic temperature ranges based on atmospheric data, prediction markets incorporate trader expectations, historical volatility, and emerging climate patterns. Comparing market-implied probabilities to official forecasts from Spain's national weather service or European meteorological institutes reveals whether traders are pricing in more extreme outcomes or consensus scenarios relative to expert consensus.
The market resolves on May 29, 2026, after the highest temperature recorded in Madrid on May 29 is officially confirmed. Resolution depends on verified meteorological data from recognized weather monitoring stations in Madrid. Once the day's peak temperature is documented, outcome contracts settle based on whether the actual reading matches or falls within the specified temperature brackets defined by each contract. Traders should monitor official weather station reports and local Spanish meteorological sources as the resolution date approaches.
Key drivers include updated seasonal forecasts, atmospheric pressure systems, and heat wave alerts issued by Spanish weather authorities. Late-spring European weather patterns, jet stream positioning, and proximity to the Mediterranean influence Madrid's May temperatures. Anomalous warming trends, high-altitude ridge development, or unexpected cold fronts can shift market odds significantly. Traders should monitor European weather model updates, climate oscillation indices, and real-time atmospheric conditions in the weeks leading to May 29 to anticipate temperature movements and adjust positions accordingly.