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 5, 1:00 AM EST
Kalshi
This event tracks the lowest temperature recorded in Philadelphia on July 4, 2026. The outcome will be determined by the National Weather Service's official daily climatological report for Philadelphia, which provides the most authoritative temperature measurement for the region.
Resolution is based on the minimum temperature recorded at Philadelphia, PA on July 4, 2026, as reported in the National Weather Service's Climatological Report (Daily). The official data source is accessed via the NWS Eastern Region Climate portal under the Philadelphia, PA location. Temperature ranges are divided into six bands: 75°F or below, 76-77°F, 78-79°F, 80-81°F, 82-83°F, and 84°F or above. Each band corresponds to a distinct outcome. Traders should note that preliminary NWS data may be subject to rounding and conversion nuances, and the final official report should be used for resolution rather than real-time weather services.
Prediction market odds reflect real-money incentives, meaning traders who miscalculate face direct financial loss. This differs from traditional weather forecasts, which rely on meteorological models and expert judgment. This market aggregates dispersed information from many participants, often surfacing consensus faster than a single analyst's projection. However, both sources are valuable: meteorologists provide physics-based reasoning, while prediction markets capture collective expectations. Comparing the two can reveal where expert opinion and market sentiment diverge, offering insight into uncertainty around Philadelphia's July 4th conditions.
On Kalshi, this market is priced through an order-book mechanism where buyers and sellers submit bids and offers for each temperature outcome. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of any outcome reflects the marginal trade—the last transaction executed—and moves as new orders arrive. Wider bid-ask spreads indicate lower liquidity or higher uncertainty; tighter spreads suggest strong consensus. You can place limit or market orders to enter or exit positions, and your execution price depends on available liquidity at your chosen level.
This market resolves around Jul 5, 2026, after July 4, 2026 has passed and the overnight low temperature for Philadelphia can be verified. The outcome is confirmed once credible public reporting—such as data from the National Weather Service or established meteorological records—documents the actual low. Once verified, the winning outcome is paid out and all other positions expire worthless. The resolution hinges on the official recorded temperature, not on forecasts or predictions made beforehand.
Major weather pattern shifts, seasonal climate anomalies, or updated long-range forecasts from meteorological agencies can reshape odds significantly. As July 4, 2026 draws closer, short-range forecasts become more reliable, typically tightening the market around a narrower range. Unusual heat waves or cold fronts affecting the Northeast would shift expectations upward or downward. Real-time atmospheric data, historical precedent for that date, and any reported climate events in the months leading up to summer 2026 will all influence how traders reassess the probability of different temperature outcomes.