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 1, 1:00 AM EST
Kalshi
This market tracks the overnight low temperature in Washington DC on June 30, 2026, divided into six temperature bands. The outcome will be determined by the official National Weather Service daily climatological report for Washington-National.
Resolution is based on the minimum temperature recorded at Washington DC on June 30, 2026, as reported in the National Weather Service's Climatological Report (Daily) for Washington-National. The official data source is accessed through the NWS website at the specified URL under the Observed Weather tab. Temperature bands are: 61°F or below, 62-63°F, 64-65°F, 66-67°F, 68-69°F, and 70°F or above. Each band resolves to Yes if the recorded minimum falls within its range. 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 readings or third-party weather services.
Prediction market odds often diverge from traditional weather forecasts and analyst models because they incorporate real-time trader sentiment and incentivize accuracy through financial stakes. While meteorologists rely on physics-based climate models and historical data, this market reflects the aggregated beliefs of participants who profit or lose based on the actual outcome. Prediction markets can sometimes detect signals earlier than consensus forecasts, especially when new data or seasonal patterns emerge. However, both approaches serve different purposes: analysts provide detailed meteorological reasoning, while markets distill collective expectations into a single probability. Comparing the two can reveal where expert opinion and market sentiment align or diverge on temperature expectations.
On Kalshi, this market is priced through a continuous 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 has a price between 0 and 100 cents, reflecting the market's implied probability. As traders place bids and asks, prices adjust in real time based on supply and demand. The spread between buy and sell prices narrows or widens depending on liquidity and conviction among participants. Higher prices indicate stronger collective belief that an outcome will occur, while lower prices suggest skepticism. Traders profit by correctly predicting which temperature range will verify as the lowest on the specified date.
This market resolves around Jul 1, 2026, once the lowest temperature recorded in Washington DC on June 30, 2026 is verifiable from credible public sources. The outcome is determined by official temperature data from established meteorological reporting, ensuring an objective and transparent settlement. Traders holding shares in the correct outcome receive their winnings, while incorrect positions expire worthless. The resolution process is designed to be independent of trader opinion, eliminating disputes and maintaining market integrity. Until that date arrives, prices will continue to fluctuate as new seasonal forecasts, climate patterns, and real-time conditions influence trader expectations.
Several factors could shift prices significantly before resolution. Long-range climate forecasts and seasonal outlooks from meteorological agencies often trigger repricing when they suggest warmer or cooler patterns. El Niño or La Niña conditions, which influence North American summer temperatures, are key catalysts. Major heat waves or cold snaps in the preceding weeks can reset trader expectations about June conditions. Urban heat island effects and local infrastructure changes in Washington DC may also influence sentiment. As June 2026 approaches, weekly and daily forecasts will become increasingly precise, driving sharp price movements. Unexpected atmospheric events, such as tropical systems or polar intrusions, could create sudden volatility in the final weeks before the market resolves.