TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 8, 4:00 AM EST
Kalshi
This market tracks the highest temperature recorded in San Francisco on July 7, 2026, using official National Weather Service data from San Francisco Airport. The outcome is determined by which temperature range the daily maximum falls into, ranging from 61°F or below up to 70°F or above.
Resolution is based on the maximum temperature recorded at San Francisco Airport on July 7, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed via the NWS San Francisco office website under the Observed Weather tab for San Francisco Airport with Daily Climate Report selected. Temperature ranges are: 61°F or below, 62-63°F, 64-65°F, 66-67°F, 68-69°F, and 70°F or above. Traders should note that preliminary NWS data may be subject to rounding and conversion nuances, and the final official NWS Climatological Report (Daily) value takes precedence over other weather sources.
Prediction market odds reflect aggregated trader expectations and often diverge from traditional meteorologist forecasts because markets incorporate real-time information, uncertainty premiums, and participant conviction. While weather analysts publish deterministic point forecasts or narrow ranges based on atmospheric models, this market prices a range of temperature outcomes with explicit probabilities. Comparing the two reveals whether traders expect conditions to be warmer or cooler than official guidance, and by how much. Over time, prediction markets have proven competitive with expert forecasts for weather events, particularly when liquidity is sufficient to attract informed participants.
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 bracket has its own price, typically expressed as a decimal between 0 and 1, reflecting the implied probability that the high temperature will fall within that range. Prices adjust in real time as new orders flow in, allowing traders to enter or exit positions at market rates. The spread between bid and ask prices narrows or widens depending on trading activity and conviction around specific temperature thresholds.
This market resolves around Jul 8, 2026, once the actual high temperature for July 7, 2026 in San Francisco is verified and confirmed. The outcome is determined by comparing the recorded high against the predefined temperature brackets offered in the market. Verification occurs through credible public sources such as official weather station data or recognized meteorological records. Traders holding shares in the outcome bracket that contains the verified high temperature receive their payout, while other positions expire worthless.
Major weather pattern shifts, updated seasonal forecasts, and atmospheric anomalies such as heat domes or marine layer changes could significantly move prices in this market. El Niño or La Niña conditions, historical heat waves in early July, and long-range climate models all influence trader expectations. Breaking news about record-setting temperatures in nearby regions or unusual jet stream positioning may trigger rapid repricing. As July 7, 2026 approaches, short-range forecasts from the National Weather Service become more precise, typically causing the market to converge toward narrower probability bands and sharper price movements.