TOTAL VOLUME:
$134.1b
24H VOL:
$133,388,117
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,436,095,462
405,232
Markets across
30,526
events
MATCHED EVENTS:
2,693
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 4, 8:00 AM EST
Polymarket
This market will resolve to the temperature range that contains the lowest temperature recorded at the Shanghai Pudong International Airport Station in degrees Celsius on 4 Jul '26. The resolution source for this market will be information from Wunderground, specifically the lowest temperature recorded for all times on this day for the Shanghai Pudong International Airport Station, available here: https://www.wunderground.com/history/daily/cn/shanghai/ZSPD. To toggle between Fahrenheit and Celsius, click the gear icon next to the search bar and switch the Temperature setting between °F and °C. This market can not resolve until the first data point for the following date has been published on the resolution source. The resolution source for this market measures temperatures to whole degrees Celsius (eg, 9°C). Thus, this is the level of precision that will be used when resolving the market. Revisions to temperatures recorded within this market's timeframe will be considered until the first datapoint for the following date has been published, after which any alterations will not be considered.
This market will resolve to the temperature range that contains the lowest temperature recorded at the Shanghai Pudong International Airport Station in degrees Celsius on 4 Jul '26. The resolution source for this market will be information from Wunderground, specifically the lowest temperature recorded for all times on this day for the Shanghai Pudong International Airport Station, available here: https://www.wunderground.com/history/daily/cn/shanghai/ZSPD. To toggle between Fahrenheit and Celsius, click the gear icon next to the search bar and switch the Temperature setting between °F and °C. This market can not resolve until the first data point for the following date has been published on the resolution source. The resolution source for this market measures temperatures to whole degrees Celsius (eg, 9°C). Thus, this is the level of precision that will be used when resolving the market. Revisions to temperatures recorded within this market's timeframe will be considered until the first datapoint for the following date has been published, after which any alterations will not be considered.
Prediction market odds and traditional analyst forecasts often diverge because they operate on different timescales and incentive structures. Meteorologists typically issue deterministic point forecasts or narrow ranges, while this market aggregates probabilistic bets from traders who face real financial consequences for being wrong. Market participants incorporate not only official weather models but also historical Shanghai climate patterns, seasonal trends, and late-breaking atmospheric data. Over time, markets tend to converge toward accuracy as traders with superior information gain capital and influence pricing. Comparing the current odds to published forecasts from China's meteorological agencies can reveal where traders see edges or disagreement.
This market resolves around Jul 4, 2026, once July 4 has passed and the day's lowest temperature in Shanghai can be verified. The outcome is confirmed against credible public sources reporting the actual minimum temperature recorded on that date. Traders holding shares in the correct outcome receive their payout, while incorrect positions expire worthless. The resolution window typically closes within hours or a day after the event, allowing the platform to settle all positions and distribute winnings. Clarity on the exact data source and measurement methodology is essential for traders to understand how edge cases or rounding will be handled.
Major weather pattern shifts, updated seasonal forecasts, and tropical storm activity in the Western Pacific could all trigger significant repricing before July 4. Real-time model consensus from global weather centers—particularly the European and American ensemble forecasts—often drives intraday volatility as traders react to improved data. Historical Shanghai temperature anomalies, monsoon intensity, and urban heat island effects are also priced in by sophisticated participants. As the event date approaches, the market typically tightens around the most likely outcome. Breaking news about atmospheric blocking patterns or heat waves in East Asia could rapidly shift odds if traders perceive a material change in tail-risk scenarios.