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: Jun 20, 4:00 AM EST
Kalshi
This market tracks the lowest temperature recorded in Los Angeles on June 19, 2026. The outcome will be determined by the official National Weather Service Climatological Report (Daily) for that date, which measures the minimum temperature at Los Angeles Airport.
Resolution is based on the minimum temperature recorded at Los Angeles Airport on June 19, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed via the NWS Los Angeles office website under the Observed Weather tab. Temperature readings are categorized into six ranges: 54°F or below, 55-56°F, 57-58°F, 59-60°F, 61-62°F, and 63°F or above. Each range corresponds to a distinct market 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 preliminary reports or alternative weather services.
Prediction market odds often diverge from traditional weather analyst forecasts because they reflect real-money incentives and crowd wisdom rather than single-model outputs. While meteorologists rely on physics-based models and historical data, traders in this market aggregate dispersed information—including long-range climate signals, historical June patterns for Los Angeles, and emerging weather systems—into a single price. Analyst forecasts tend to narrow confidence intervals closer to the event date, whereas market odds can shift more dynamically as new information arrives. Comparing the two reveals whether the prediction community is more bullish or bearish on extreme temperatures than official forecasts suggest.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares representing different temperature ranges or outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each contract reflects a specific temperature band, and the bid-ask spread shows the current consensus and liquidity at each price level. As traders place orders, the market price adjusts to reflect new information and shifting expectations about June 19's low. The platform's matching engine ensures transparent price discovery, so you can see exactly what other traders are willing to pay or accept for exposure to each outcome.
This market resolves around Jun 20, 2026, once June 19, 2026 has passed and the lowest temperature for Los Angeles that day is verifiable from credible public sources. The outcome is determined by the actual recorded minimum temperature on that date, confirmed through official weather data. Traders' positions settle based on which temperature band or outcome occurred, with payouts distributed to those who correctly predicted the range. Resolution happens shortly after the event concludes and the data is finalized.
Several factors could shift odds significantly before resolution. Long-range climate forecasts and seasonal outlooks released by meteorological agencies often trigger repricing as traders adjust for broader atmospheric patterns. El Niño or La Niña conditions, which influence Pacific weather, can move the needle on summer temperature expectations for Los Angeles. Unexpected heat waves or cold snaps in late spring may prompt traders to revise their June predictions. Additionally, as the event date approaches, updated 10-day and extended forecasts become more precise, typically narrowing uncertainty and sharpening market prices. Real-time atmospheric developments in May and early June will be the most immediate catalysts for volatility.