TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 7, 3:00 AM EST
Kalshi
This market tracks the lowest temperature recorded in Phoenix on July 6, 2026. The outcome will be determined by the official National Weather Service daily climatological report for Phoenix, which provides the authoritative minimum temperature measurement for that date.
Resolution is based on the minimum temperature recorded at Phoenix, Arizona on July 6, 2026, as reported in 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 "Phoenix, AZ" with Daily Climate Report. The temperature is divided into six ranges: 80°F or below, 81-82°F, 83-84°F, 85-86°F, 87-88°F, and 89°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 report should be used for resolution rather than preliminary estimates or third-party weather services.
Prediction market odds often diverge from traditional meteorologist forecasts because they incorporate real-time trader behavior, economic incentives, and crowd wisdom alongside scientific models. While weather analysts rely on physics-based atmospheric simulations and historical data, this market aggregates the beliefs of many participants with financial stakes in accuracy. Traders may weight recent climate patterns, urban heat effects, or long-range ensemble forecasts differently than official predictions. Over time, prediction markets have demonstrated competitive or superior accuracy to single-source forecasts, particularly when participants have diverse information and genuine skin in the game.
On Kalshi, this market is priced through a continuous order-book mechanism where traders submit bids and asks for outcome shares. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of each outcome reflects the marginal probability traders assign to that temperature range occurring on the specified date. As new information arrives—updated weather models, seasonal forecasts, or climate data—traders adjust their positions, moving prices up or down. This dynamic pricing ensures the market continuously incorporates available evidence and participant conviction.
This market resolves around Jul 7, 2026, once the lowest temperature recorded in Phoenix on July 6, 2026 is verifiable from credible public sources. The outcome is determined by comparing actual observed temperatures against the predefined outcome ranges offered in the market. Traders who correctly predicted the temperature band receive their winnings, while incorrect positions expire worthless. Resolution is straightforward and objective, anchored to official meteorological data.
Major signals include updated seasonal climate forecasts, long-range weather models, and historical temperature anomalies for early July in Phoenix. El Niño or La Niña patterns, atmospheric blocking systems, and solar activity can shift probabilities weeks or months ahead. As July 2026 approaches, medium-range forecasts become more reliable, typically triggering sharp price moves. Real-time catalysts include heat waves in the southwestern U.S., changes in upper-atmosphere circulation, and any unusual climate events that alter baseline expectations for desert temperatures during summer.