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: May 31, 2:00 AM EST
Kalshi
This event concerns the maximum temperature that will be recorded in San Antonio on May 30, 2026, according to the National Weather Service's official daily climatological data. The market covers all possible temperature outcomes for that date.
Prediction market odds on Kalshi reflect real-money trader expectations, which often incorporate meteorological models and historical climate patterns. Unlike static analyst forecasts, market prices adjust dynamically as new weather data emerges and the event date approaches. Analysts typically publish seasonal or monthly temperature outlooks, while prediction markets aggregate continuous updates from active traders. Comparing the two reveals whether the market is pricing in more bullish or bearish temperature scenarios than professional forecasters expect, offering insight into crowd sentiment versus expert consensus.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, the highest temperature in San Antonio on May 30 is priced through binary or range-based contracts that allow traders to bet on specific temperature thresholds. Prices reflect the probability that the actual high temperature will fall within or exceed defined brackets. Traders buy contracts at lower prices if they believe temperatures will be higher than the market implies, and sell if they expect cooler conditions. The contract price directly translates to implied probability, so a contract trading at 65 cents reflects roughly 65 percent implied odds of that outcome occurring.
The market resolves on May 31, 2026, after May 30 has concluded and the actual highest temperature recorded in San Antonio is confirmed. Resolution depends on official temperature data from a designated weather source, which is then matched against the contract terms to determine which outcomes are correct. Traders holding winning contracts receive their payout, while losing positions expire worthless. The exact timing ensures sufficient time for data verification before final settlement occurs.
Several factors could shift market prices before May 30. Updated seasonal climate forecasts, changes in atmospheric pressure patterns, and shifts in jet stream positioning all influence temperature expectations. Major weather systems approaching Texas in late May would trigger immediate repricing. Historical heat waves or cool spells in the region during comparable periods may prompt traders to adjust odds. As May approaches, real-time weather models become more precise, typically causing increased trading activity and volatility. Long-range forecasts released by NOAA or other meteorological agencies can also drive significant market moves.