TOTAL VOLUME:
$134b
24H VOL:
$103,397,351
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,410,176,180
399,592
Markets across
30,097
events
MATCHED EVENTS:
2,622
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 4, 2:00 AM EST
Kalshi
This market tracks the overnight low temperature in Houston on July 3, 2026. The outcome will be determined by the official National Weather Service daily climatological report for that date, which records the minimum temperature reached during the 24-hour observation period at Houston-Hobby Airport.
Resolution is based on the minimum temperature recorded at Houston-Hobby on July 3, 2026, according to the National Weather Service's Climatological Report (Daily), accessed via the Houston station. The official data source is the NWS daily climate report available at https://www.weather.gov/wrh/Climate?wfo=hgx under the Observed Weather tab. Temperature ranges are divided into six bands: 71°F or below, 72-73°F, 74-75°F, 76-77°F, 78-79°F, and 80°F or above, with each band corresponding to a distinct 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 other weather services.
Prediction market odds often diverge from traditional weather forecasts because they incorporate real-time trader positioning and collective expectations rather than relying solely on meteorological models. While meteorologists publish deterministic forecasts based on atmospheric data, this market aggregates the beliefs of many participants who may weight seasonal patterns, climate trends, and historical July temperatures differently. Comparing the implied probabilities here to published forecasts from the National Weather Service or private weather firms can reveal where the market sees asymmetric risk or where consensus may be shifting.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares 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 share represents a claim on a specific outcome, and the price of each reflects the collective willingness of buyers and sellers to transact at that level. As new information arrives—updated forecasts, seasonal data, or real-time weather developments—traders adjust their bids and offers, causing the market price to move and revealing updated consensus expectations for the lowest temperature on that date.
This market resolves around Jul 4, 2026, once the event has occurred and the lowest temperature for Houston on July 3, 2026 can be verified from credible public sources. The outcome is determined by the actual recorded low temperature on that day, confirmed through established meteorological reporting. Traders holding shares aligned with the verified outcome receive their payouts, while those on the wrong side of the market realize losses.
Major climate patterns—including El Niño or La Niña phases, Atlantic hurricane activity, and seasonal heat domes—can shift expectations for summer temperatures in Houston. Updated long-range forecasts from NOAA or other meteorological agencies may prompt repricing as the event date approaches. Additionally, any unusual warming or cooling trends observed in late June 2026 could trigger sharp moves in this market as traders update their models based on real-time atmospheric conditions and recent precedent.