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: Jun 19, 3:00 AM EST
Kalshi
This market tracks the highest temperature recorded in Phoenix on June 18, 2026. The outcome is determined by the daily maximum temperature reported by the National Weather Service in Phoenix, divided into six temperature bands ranging from 103°F or below to 112°F or above.
Resolution is based on the maximum temperature recorded in Phoenix on June 18, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed via the NWS Phoenix office website under the Observed Weather tab. Temperature bands are: 103°F or below, 104-105°F, 106-107°F, 108-109°F, 110-111°F, and 112°F or above. Each band corresponds to a distinct market outcome. Traders should note that preliminary NWS data may be subject to rounding and conversion nuances, and the final official NWS Climatological Report (Daily) serves as the authoritative source, superseding preliminary reports or third-party weather services.
Prediction market odds reflect real-time aggregation of trader beliefs, often incorporating the latest meteorological data and seasonal patterns faster than traditional forecasts update. While weather analysts publish point estimates and confidence intervals based on climate models, this market prices uncertainty through continuous trading. Comparing the implied probabilities here to published forecasts from the National Weather Service or other meteorological institutions can reveal where the crowd sees upside or downside risk relative to expert consensus.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell contracts 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's price reflects the collective probability assigned by active traders, with bid-ask spreads tightening as liquidity increases. The platform matches buyers and sellers in real time, so prices adjust continuously as new information arrives or trader conviction shifts.
This market resolves around Jun 19, 2026, after the date in question has passed and the highest temperature for June 18, 2026 in Phoenix can be verified. The outcome is confirmed once credible public reporting—such as official weather station data from the National Weather Service or similar authoritative sources—establishes the actual high temperature. Once verified, the market settles and traders' positions are finalized based on which outcome occurred.
Major shifts in seasonal climate forecasts, El Niño or La Niña patterns, and long-range weather model updates can drive significant repricing. Real-time atmospheric conditions closer to June 2026—such as heat dome formation, jet stream positioning, or anomalous high-pressure systems—will likely trigger sharp moves as traders incorporate new data. Additionally, historical temperature records for that date and broader trends in Phoenix's summer heat may influence trader positioning as the event date approaches.