TOTAL VOLUME:
$97.3b
24H VOL:
$248,974,735
24H TRANSACTIONS:
951,753,729
OPEN INTEREST:
$2,127,649,750
828,765
Markets across
15,051
events
MATCHED EVENTS:
953
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
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This market tracks whether the lowest Arctic sea ice coverage recorded between August and October 2026 will fall below 4 million square kilometers. On Polymarket, the probability that minimum extent drops below 4m sq km stands at 46.5%, while the probability it lands between 4.0m and 4.2m sq km is 29.5%. Resolution will be determined by the National Snow and Ice Data Center's daily sea ice extent measurements, with the market settling immediately once data is published for October 1, 2026.
This market will resolve according to the minimum Arctic sea ice extent for all days between August 1, 2026 and October 1, 2026, as published by the National Snow and Ice Data Center. This market will remain open until data has been published for October 1, 2026, at which point it will resolve immediately. Any revisions to sea ice extent recorded after data is published for October 1, 2026 will not be considered. The resolution source for this market measures temperatures to thousands of square kilometers (e.g. 4.255 million sq km). Thus, this is the level of precision that will be used when resolving the market. The resolution source for this market will be information from the National Snow and Ice Data Center, specifically the minimum value recorded for any day between August 1, 2026 and October 1, 2026 in the “NH-Daily-Extent” tab of the “Sea Ice Index Daily Extent” data set, available at https://nsidc.org/sea-ice-today/sea-ice-tools. If this resolution source becomes unavailable, another resolution source will be chosen.
Prediction market odds reflect real-money consensus from traders pricing in Arctic sea ice models, satellite data, and seasonal climate patterns. Analyst forecasts from organizations like NSIDC typically rely on historical trends and climate simulations. Markets often incorporate faster-moving signals—such as recent melt rates and atmospheric conditions—than traditional seasonal outlooks. Comparing the market's implied probability to published expert forecasts can reveal whether traders are pricing in more optimistic or pessimistic ice loss scenarios than the scientific consensus.
On Polymarket, this market is priced around 36.0% for the top outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders buy and sell shares representing whether the minimum Arctic sea ice extent will fall below 4 million square kilometers this summer. The price reflects accumulated bets on Arctic melt severity, with higher prices indicating stronger market conviction that the threshold will be breached. Volume and spreads vary throughout the day as new climate data and seasonal updates influence trader positioning.
The market resolves on Oct 1, 2026. Resolution is determined by the official minimum Arctic sea ice extent recorded during the summer season, typically measured by satellite data from authoritative climate monitoring agencies. The outcome hinges on whether that minimum falls below or above the specified threshold. Traders should monitor seasonal ice reports and satellite imagery as summer progresses to track the trajectory toward resolution.
Key drivers include Arctic atmospheric circulation patterns, ocean temperatures, and spring ice melt rates. Anomalous heat waves or persistent high-pressure systems over the Arctic can accelerate summer melt. Conversely, cooler conditions or increased cloud cover may slow ice loss. Satellite imagery releases, monthly climate reports, and updates from NSIDC or Copernicus will provide real-time signals. El Niño or La Niña conditions, volcanic activity, and solar radiation also influence Arctic albedo and heat absorption, moving market odds as new data emerges.
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