TOTAL VOLUME:
$134.1b
24H VOL:
$113,466,932
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,423,222,590
402,751
Markets across
30,217
events
MATCHED EVENTS:
2,632
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 8, 4:00 AM EST
Kalshi
This market tracks the highest temperature recorded in Seattle on July 7, 2026, using official National Weather Service data from Seattle-Tacoma. The outcome is determined by which temperature range the daily maximum falls into, ranging from 74°F or below up to 83°F or above.
Resolution is based on the maximum temperature recorded at Seattle-Tacoma on July 7, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed via the NWS Seattle office website under the Observed Weather tab for Seattle-Tacoma, WA with Daily Climate Report selected. Temperature ranges are: 74°F or below, 75-76°F, 77-78°F, 79-80°F, 81-82°F, and 83°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 often diverge from traditional weather analyst forecasts because they incorporate real-time trader behavior and incentivized risk-taking. While meteorologists rely on atmospheric models and historical climate data, this market prices in broader market sentiment and speculative positioning. Comparing the implied probabilities here to published forecasts from the National Weather Service or regional meteorologists can reveal where traders are more bullish or bearish on extreme heat. Such gaps sometimes signal either market inefficiency or information that analysts have not yet fully weighted into their models.
On Kalshi, this market is priced through a continuous order-book mechanism where traders submit bids and asks for shares tied to specific temperature outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each outcome contract reflects the probability traders assign to that temperature range occurring, and the price of a share directly represents that implied likelihood. As new information arrives—seasonal forecasts, climate anomalies, or historical comparisons—traders adjust their positions, moving prices up or down. The spread between bid and ask prices reflects liquidity and market confidence in the outcome.
This market resolves around Jul 8, 2026, once the highest temperature recorded in Seattle on July 7, 2026 is verified and confirmed. The outcome is determined by comparing actual recorded temperatures against the outcome brackets defined at market creation. Resolution occurs after the event date when credible public reporting confirms the final temperature reading, allowing the platform to settle all positions accordingly. Traders holding shares in the correct outcome bracket receive their payout once settlement is complete.
Several factors could shift odds significantly before resolution. Seasonal climate forecasts and El Niño or La Niña patterns may alter long-range temperature expectations. Major heat waves in the Pacific Northwest or unusual atmospheric blocking patterns could trigger sharp repricing. Historical comparisons to previous July 7 records and broader climate trends will influence trader positioning. Real-time weather model updates closer to the event date typically drive the most volatile price swings. Media coverage of extreme heat events elsewhere may also sway sentiment about Seattle's likelihood of reaching higher temperature thresholds.