TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 10, 1:00 AM EST
Kalshi
This market tracks the lowest temperature recorded in Philadelphia on July 9, 2026. The outcome will be determined by the official National Weather Service Climatological Report for that date, with resolution based on which temperature range the recorded minimum falls into.
Resolution is determined by the minimum temperature recorded at Philadelphia, PA on July 9, 2026, according to the National Weather Service's Climatological Report (Daily). The official data source is accessed through the NWS website by navigating to the Observed Weather tab and selecting Philadelphia, PA with Daily Climate Report. The recorded minimum temperature will fall into one of six ranges: 62°F or below, 63-64°F, 65-66°F, 67-68°F, 69-70°F, or 71°F or above. Each range corresponds to a distinct market outcome. Traders should note that preliminary NWS reporting may be subject to rounding and conversion nuances, and the final official NWS Climatological Report (Daily) value takes precedence over other weather data sources such as AccuWeather or Google Weather.
Prediction market odds reflect real-money incentives for accuracy, often diverging from published analyst forecasts because traders incorporate private information, recent data updates, and model uncertainty. While meteorologists issue deterministic point forecasts or confidence intervals, this market prices outcomes probabilistically based on continuous trading. Comparing the implied odds here to National Weather Service guidance or private weather services can reveal where the crowd expects surprises—particularly useful when seasonal patterns or climate anomalies create gaps between traditional forecasts and market-derived probabilities.
On Kalshi, this market is priced through an order-book mechanism where traders buy and sell shares corresponding to different temperature outcomes. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each outcome contract trades independently, and the price of a share reflects the collective probability assigned by active participants. As new weather data emerges or trading interest shifts, prices adjust in real time, allowing traders to enter or exit positions at market rates. The spread between bid and ask prices tightens during high-volume periods and widens when liquidity is sparse.
This market resolves around Jul 10, 2026, once the lowest temperature recorded in Philadelphia on July 9, 2026 is verified and finalized. The outcome is confirmed against credible public weather data sources that document the day's minimum temperature. Traders holding shares in the correct outcome bracket receive their payout, while incorrect positions expire worthless. Resolution typically occurs within hours of the market end date once official temperature records are published and reconciled.
Major weather pattern shifts, updated seasonal forecasts, and anomalous atmospheric conditions can significantly move this market. El Niño or La Niña developments, sudden polar vortex disruptions, or heat dome formations weeks before July 2026 will trigger repricing. Real-time model consensus changes from the GFS, European, or Canadian ensembles often spark trading surges. Additionally, historical temperature records for that date, long-range climate oscillations, and any unusual urban heat island effects specific to Philadelphia could influence trader positioning as the event approaches.