TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 9, 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 9 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 9 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 often diverge from traditional weather analyst forecasts because they incorporate real-time trader sentiment and financial incentives alongside meteorological models. While meteorologists publish deterministic or probabilistic forecasts based on atmospheric data, this market prices uncertainty through supply and demand. Traders may weight recent satellite imagery, historical Shanghai weather patterns, or seasonal anomalies differently than official forecasters, causing odds to shift as new information emerges. Both sources offer value: analysts provide scientific rigor, while markets reveal what informed participants actually believe will occur.
On Polymarket, traders set prices by buying and selling shares of outcome contracts, with each share worth $0.01 to $1.00 depending on implied probability. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The market uses an automated market maker (AMM) model, meaning prices adjust continuously based on trade flow and liquidity depth. Contracts representing cooler temperatures may trade at different prices than those for warmer ranges, reflecting the crowd's belief about which outcome is most likely. As July 9 approaches, prices typically tighten around the most probable outcome.
This market resolves around Jul 9, 2026, once the lowest temperature recorded in Shanghai on July 9 is verifiable from credible public sources. The outcome is determined by official meteorological data, typically reported by China's national weather service or internationally recognized weather stations operating in Shanghai. Winning contracts are those whose temperature ranges contain the verified low; all other contracts expire worthless. Resolution usually occurs within hours of the market end date once the final reading is confirmed.
Major weather pattern shifts, tropical cyclone activity in East Asia, or updated seasonal forecasts from meteorological agencies could significantly move odds. Real-time satellite imagery showing unexpected atmospheric changes, sudden shifts in jet stream positioning, or anomalous sea-surface temperatures in nearby regions may trigger trader repositioning. As July 9 approaches, each daily weather update narrows uncertainty and can cause sharp repricing. Additionally, historical Shanghai temperature records or unusual climate events elsewhere in China may influence how traders assess tail-risk scenarios for extreme heat or cold.