TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 12, 2:00 AM EST
Kalshi
This event tracks the peak temperature in Oklahoma City 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 Oklahoma City on July 11, 2026, according to the National Weather Service's Climatological Report (Daily). The temperature is categorized into six ranges: 92°F or below, 93-94°F, 95-96°F, 97-98°F, 99-100°F, and 101°F or above. Official data must be obtained from the NWS CLIOKC database via the specified URL, selecting Oklahoma City Will Rogers Airport 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 real-money commitments from traders and often diverge from traditional weather analyst forecasts because markets incorporate a broader range of information and incentivize accuracy through financial risk. While meteorologists issue deterministic forecasts based on atmospheric models, this market prices uncertainty probabilistically—traders who believe analysts are too conservative or too aggressive can profit by taking opposing positions. Over time, prediction markets have proven competitive with or superior to expert forecasts in many domains because they aggregate dispersed knowledge and penalize poor judgment. Comparing current odds to recent analyst statements on Oklahoma City's July heat patterns can reveal where market participants see meaningful disagreement.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different temperature outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each share pays out based on the verified final temperature on July 11, 2026, creating a direct financial incentive for accurate pricing. Traders submit limit and market orders, and the midpoint between the best bid and ask spreads reflects the market's consensus probability for each outcome. As new information emerges—updated weather models, seasonal data, or climate patterns—traders adjust their positions, moving prices in real time to reflect changing expectations.
This market resolves around Jul 12, 2026, after July 11, 2026 concludes and the day's highest temperature is recorded. The outcome is confirmed once the peak temperature is verifiable from credible public sources, ensuring all traders have access to the same authoritative data. Resolution typically occurs within hours of the market end date, allowing payouts to settle promptly. Traders holding shares in the correct outcome band receive their winnings, while incorrect positions expire worthless.
Major weather pattern shifts, updated seasonal forecasts, and long-range climate models are the primary catalysts that could shift odds significantly. Unusually warm or cold months leading into July 2026 may signal broader atmospheric trends that traders incorporate into their temperature expectations. El Niño or La Niña conditions, if they develop, typically influence North American heat patterns and could trigger repricing. Additionally, any notable heat waves or cold snaps in the months preceding July may prompt traders to reassess their baseline assumptions about Oklahoma City's typical summer temperatures, causing rapid position adjustments.