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 12, 1:00 AM EST
Kalshi
This market tracks the lowest temperature recorded in Philadelphia on July 11, 2026. The outcome will be determined by the official National Weather Service daily climatological report for Philadelphia, which provides the authoritative minimum temperature measurement for that date.
Resolution is based on the minimum temperature recorded at Philadelphia, PA on July 11, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed through the NWS Eastern Region Climate portal by selecting Philadelphia with the Daily Climate Report option. Traders should use the latest available version of the data for the specified date. While preliminary NWS data and alternative weather sources like AccuWeather or Google Weather may provide guidance, the final authoritative value is determined exclusively by the NWS Climatological Report (Daily). Preliminary NWS reporting may be subject to rounding and conversion nuances that could affect interpretation of borderline values.
Prediction market odds often diverge from traditional weather forecasts because they incorporate real-time information and financial incentives for accuracy. While meteorologists rely on atmospheric models and historical data, traders in this market respond to breaking weather patterns, seasonal anomalies, and emerging climate signals. The two approaches complement each other: official forecasts provide a baseline, while market prices reflect traders' collective assessment of uncertainty and tail risks. Comparing the two can reveal where expert opinion and market sentiment align or diverge on the expected low temperature.
On Kalshi, this market is priced through a continuous order book 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 share represents a claim on a particular temperature range, and the market price of each outcome reflects supply and demand among participants. Traders profit if their prediction proves correct and lose if it does not, creating a direct financial incentive for accuracy. Prices update in real time as orders are matched, ensuring the odds always reflect the latest available information and trader conviction.
This market resolves around Jul 12, 2026, once the actual lowest temperature recorded in Philadelphia on July 11, 2026 is verified and confirmed. The outcome is determined by comparing the recorded low against the temperature thresholds defined for each outcome in the market. Winning shares are those whose range contains the verified low; all other shares expire worthless. Resolution occurs shortly after the close of the trading day, allowing time for official temperature data to be published and validated.
Major weather pattern shifts, seasonal forecasts, and climate anomalies can significantly move odds in this market. Tropical systems, heat domes, or unusual jet stream behavior weeks before July 2026 may trigger repricing as traders update their expectations. Real-time meteorological alerts and model consensus changes typically drive the largest intraday swings. Additionally, historical temperature records for Philadelphia in mid-July and any emerging climate trends could influence trader positioning. As the event date approaches, official extended forecasts will likely become the primary driver of market movement.