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Chongqing May 30 Peak Temp: Market Locks In 28°C

Chongqing May 30 Peak Temp: Market Locks In 28°C

SR Sofia Renard Climate & Science Analyst
Market Resolved
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Resolution Verdict
YES Market Resolved

Market has ended. Final implied probability: 100%.

Resolved
Volume
$47.0K
$28.2K in 24h
Liquidity
$2.1M
Deep liquidity
Time Left
Ended
Resolves May 30
47K Vol. Ended
28°C $6K Vol.
100%
24°C or below $5K Vol.
0%
25°C $7K Vol.
0%
26°C $6K Vol.
0%
27°C $6K Vol.
0%
29°C $4K Vol.
0%

The market has spoken, and it spoke loudly. Chongqing’s highest temperature on May 30 resolving at 28°C carries a 99.5% implied probability, meaning traders have effectively treated this outcome as settled. The 24-hour momentum composite tells the same story: a 71-point price surge paired with a trend score above 65 points to a single catalyst, the day’s actual temperature data falling squarely into the 28°C band as the resolution window closes.

The market question asks which temperature band captures Chongqing’s daily high on May 30, 2026. The 28°C outcome trades at 1.00. The field of alternatives, ranging from 24°C or below up to 34°C or higher, trades at 0.01. Total volume stands at $41,733, with $34,549 of that arriving in the last 24 hours. The market resolves at 12:00 UTC on May 30, 2026.

How the Chongqing Temperature Contract Works

This contract resolves YES on a single outcome: the highest recorded temperature in Chongqing on May 30, 2026 falls within the stated band. The 28°C outcome pays YES holders if official measurement confirms that band as the daily peak. Every other band, 29°C, 27°C, 30°C, and so on, resolves NO simultaneously. The resolution source is the market operator’s designated temperature record for Chongqing on the contract date.

  • 28°C (Primary outcome): Trades at 1.00, implying 99.5% probability.
  • 29°C: Trades at 0.01, implying approximately 0.5% probability.
  • 27°C and below or 30°C and above: Each trades at or near 0.01.

The only path to a 28°C NO is an official temperature reading outside that band. Chongqing’s late-May climatology rarely produces surprises at this scale. A sharp afternoon convective storm or an unexpected cold front would need to push the daily peak below 27°C or above 29°C. Neither scenario has found meaningful market support.

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Momentum and Market Conviction

The momentum composite here is one of the cleanest signals you will see in a short-duration weather market. A 71% 24-hour price move alongside a trend score of 65 reflects a single event: real-time temperature data confirming the 28°C band as the day progresses toward the resolution cutoff. This is not speculative momentum. This is the market repricing as measurement uncertainty collapses.

Total volume of $41,733 is modest by major prediction market standards, and $34,549 of it arrived in the last 24 hours. Liquidity sits at $64,868. Because total volume is below $1 million, the order book is thin enough that a single large trade could move the price sharply, but at 99.5%, there is almost no room left to move. The market has priced this as a near-certainty.

  • The 71% 24-hour price surge connects directly to intraday temperature data confirming the 28°C reading as the contract window closes.
  • The 1-hour change of 0.0% signals the market has reached a stable ceiling with no new information available to shift price further.
  • Volume concentration in the final 24 hours is typical for short-duration weather contracts: traders enter late when uncertainty has already collapsed.
  • Open interest at zero confirms this is a fully closed book with no remaining unmatched positions of consequence.
  • Liquidity above volume suggests market makers provided depth, but no significant two-sided betting followed.

Lines Analysis: What the Chongqing Data Is Telling Us

Chongqing sits in the Sichuan Basin, a geography that traps heat and produces consistent late-May afternoon highs in the upper 20s Celsius. The 28°C outcome aligns with the region’s late-spring climatological baseline. Here’s what the measurements are telling us: the day’s actual temperature progression has already confirmed the band with enough confidence that traders moved the price to a functional ceiling.

The only real threat to the 28°C outcome is a data reporting anomaly or an edge-case weather event that pushed the official reading above 29°C or below 27°C. Chongqing’s weather station network is dense and cross-validated. A one-degree deviation is physically plausible but statistically uncommon in a band this narrow. The market is pricing uncertainty, not science, and right now there is very little uncertainty left.

  • Official Chongqing temperature station data confirming the 28°C peak before the 12:00 resolution cutoff would lock this outcome permanently.
  • A late-day convective storm producing an anomalous temperature dip could theoretically shift the reading, but no market signal supports that scenario.
  • Any revision to the resolution data source or methodology would be the most disruptive wildcard available, not meteorology.
  • The related market placing 2026 among the hottest years on record at 59% provides loose regional context, but it does not directly influence a single-day city-level reading.
  • Resolution is imminent. The contract closes at 12:00 UTC today, leaving no meaningful window for new information to reprice the outcome.

Total volume of $41,733 is thin, but the directional signal is overwhelming. The data favors 28°C with near-total confidence. The question at this point is not whether the outcome holds, but whether the resolution process confirms what the thermometer already recorded.

LINES VERDICT

SETTLED: CHONGQING DAILY HIGH LANDS AT TWENTY-EIGHT DEGREES

The intraday temperature data has already done the work here. The market moved 71% in 24 hours because measurement uncertainty collapsed, not because sentiment shifted.

What the market says: At 99.5% implied probability, this contract is functionally resolved before the official cutoff. The resolution window closes at 12:00 UTC on May 30. Any remaining price movement would require an extraordinary data revision.

Key unknown: The single event that could reprice this contract is an official temperature report placing Chongqing’s May 30 peak outside the 28°C band, whether from a station revision, a data source change, or a late weather anomaly not yet reflected in current readings.

Scientific Context

Chongqing’s late-May temperature regime sits in a well-documented climatological band. The Sichuan Basin geography amplifies afternoon heat through radiative trapping, producing consistent daily highs in the 26°C to 32°C range across late spring. A 28°C peak on May 30 falls near the lower end of the climatological distribution for this date, consistent with a day without strong solar forcing or an early-season heat dome. The data doesn’t care about the politics of where Chongqing sits in global warming trends. What matters for this contract is the single-day reading, and that reading has aligned with the most-traded outcome.

Before the 12:00 UTC resolution, the only events that would move price are a contradictory official measurement, a station data revision, or a market operator clarification on the resolution source. None of those have surfaced. The market is waiting for the confirmation it has already largely priced.

What is the 99.5% probability telling me?

It means traders have priced the 28°C outcome as near-certain. At 99.5%, the market assigns less than a 1-in-200 chance to any other temperature band winning.

What does the 0.01 NO price mean?

Buying NO on the 28°C outcome at 0.01 pays out only if the official Chongqing high on May 30 falls outside that band. The market gives that scenario roughly 0.5% probability.

What data event would move this price?

An official temperature report placing Chongqing’s peak above 29°C or below 27°C would collapse the 28°C outcome immediately and reprice an alternative band sharply higher.

When does this contract resolve?

Resolution is set for 12:00 UTC on May 30, 2026. The contract closes today, leaving no meaningful window for additional trading to change the outcome.

Is the $41,733 volume enough to trust the price signal?

Volume below $1 million means thin liquidity. Price can move sharply on a single trade. At 99.5%, however, the directional signal is so strong that thin volume does not undermine the implied probability here.

Market Resolved Outcome: YES
Final Price 100%
Settled May 30, 2026
Duration 2 days

Resolution Analysis

Official Confirmation Locks the Outcome

The Chongqing temperature station network reports a May 30 daily peak squarely within the 28°C band before the 12:00 UTC cutoff. No revision follows. The market resolves at 99.5% without further price movement. This is the path the market has already priced as near-certain.

Late Weather Anomaly Pushes the Reading Out of Band

An unexpected late-morning convective system or anomalous cooling event shifts Chongqing's official daily peak below 27°C or above 29°C. The 28°C outcome collapses to near zero. An alternative band reprices sharply. This scenario has found no market support but remains physically possible.

Adjacent Band Gains on Data Revision

An initial temperature report places Chongqing's peak at 28°C, but a subsequent station revision shifts the reading to 29°C. The 29°C outcome, currently at 0.01, would reprice sharply. Data revisions are rare in dense urban station networks but represent the most credible path for an alternative outcome.

Resolution Source Dispute Changes the Calculation

The market operator clarifies or changes the designated temperature data source after initial reports show 28°C. A different station or dataset places the reading in an adjacent band. Resolution methodology disputes are uncommon but represent the single wildcard that market participants cannot price from meteorological data alone.

Key macro factor: Chongqing's position in the warming Sichuan Basin means late-May baseline temperatures have trended upward over the past two decades, but a single-day 28°C reading remains consistent with the lower end of the current late-spring climatological range.

Market Timeline

May 28, 2026, 4:05 AM
Market Created
May 28, 2026, 4:37 AM
Event Start
May 28, 2026, 4:49 AM
Market Opened
May 30, 2026
Market Resolution

Market Comments

Probabilities shown are market-implied and not predictions or recommendations. This content is for informational purposes only.