TOTAL VOLUME:
$96.5b
24H VOL:
$228,192,937
24H TRANSACTIONS:
939,167,571
OPEN INTEREST:
$2,083,561,514
820,335
Markets across
14,926
events
MATCHED EVENTS:
895
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
Time left: 16d:20h:09m
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This event group tracks whether global temperature in July 2026 will fall within specific ranges (in degrees Celsius above baseline), based on NASA's Global Land-Ocean Temperature Index. Seven mutually exclusive bracket markets collectively cover all possible outcomes from below 1.10°C to above 1.29°C.
This market will resolve according to the value reported by the Global Land-Ocean Temperature Index for July 2026 when it is released. An anomaly within a named bracket for July 2026 is necessary and sufficient to resolve this market immediately once the data becomes available, regardless of whether the figure for July 2026 is later revised. The primary resolution source for this market will be the figure found in the table titled "GLOBAL Land-Ocean Temperature Index in 0.01 degrees Celsius" under the column "Jul" in the row "2026" (https://data.giss.nasa.gov/gistemp/tabledata_v4/GLB.Ts+dSST.txt). If NASA’s “Global Temperature Index” is rendered permanently unavailable, other information from NASA may be used. If no information for July 2026 is provided by NASA by September 1, 2026, 11:59 PM ET, this market will resolve to the lowest range bracket.
The market resolves based on the Land Ocean-Temperature Index value published for July 2026. All possible temperature outcomes result in a Yes resolution: values at or below 1.02999°C, between 1.03-1.09°C, between 1.10-1.16°C, between 1.17-1.23°C, between 1.24-1.30°C, or above 1.30001°C. Since every conceivable LOTI reading falls within one of these ranges, the market will resolve to Yes regardless of the actual temperature anomaly recorded for that month.
Prediction markets like this one aggregate dispersed information from thousands of traders with financial incentives to forecast accurately, often revealing consensus that differs from traditional analyst models. While climate scientists and meteorological agencies publish seasonal outlooks based on atmospheric physics and historical patterns, traders incorporate those forecasts alongside real-time data, market sentiment, and emerging climate signals. The gap between market odds and published analyst ranges can highlight uncertainty or disagreement about July 2026 conditions, making this market a useful cross-check against institutional predictions.
Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform attracts different trader demographics, liquidity pools, and fee structures, which can cause temporary price divergence even when tracking the same outcome. Polymarket and Kalshi may also differ in how they frame temperature bands or accept user deposits, influencing which traders participate on each venue. Arbitrage traders typically exploit these gaps, but slow order-book updates or regional trading patterns can sustain small spreads between platforms for hours or days.
This market resolves around Aug 17, 2026, once July 2026 concludes and temperature data becomes available. The outcome is determined by verified measurements of global temperature increase for that month, confirmed against credible public sources. Traders who correctly predicted the temperature band will receive payouts proportional to their position size, while incorrect predictions result in losses. Resolution typically occurs within days of month-end once official data is published and validated.
Major climate drivers include El Niño or La Niña patterns, volcanic activity affecting atmospheric aerosols, solar variability, and Arctic sea-ice extent. Real-time weather anomalies, updated seasonal forecasts from meteorological agencies, and peer-reviewed climate reports can shift trader expectations. Additionally, geopolitical events affecting emissions or atmospheric composition, along with unexpected data releases on ocean temperatures or atmospheric CO2 levels, may prompt repricing. As July 2026 approaches, actual weather observations will increasingly anchor prices toward the true outcome.
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