PMWeather|$8,828 Vol|
time3 days 13 hrs

Highest temperature in Chicago on March 22? - AI Odds Analysis

All Outcomes
Market Price
AI Fair Value
Value Edge
63°F or below
YesNo
64-65°F
YesNo
72-73°F
YesNo
66-67°F
YesNo
70-71°F
YesNo
68-69°F
YesNo
78-79°F
YesNo
82°F or higher
YesNo
76-77°F
YesNo
80-81°F
YesNo
74-75°F
YesNo
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AI Insights:

11 hours ago Updated
Fair Value Reasoning:
While the market currently prices warm intervals (e.g., 64-65°F and 72-73°F) very aggressively, mainstream weather sources (WeatherBug, Google/Weather.com) forecast a high of only 47-49°F for Chicago on March 22. The NWS discussion indicates a cold front passage 'Saturday night or Sunday,' and operational models have already aligned with the colder Sunday scenario. Thus, '63°F or below' is the strong base case. The market's current pricing (summing >200% probability) indicates a massive bubble and over-hedging against the lower-probability risk of a delayed frontal passage.

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Exotics
Weather prediction markets are a niche but stable category. For the general public, predicting the exact high temperature for a specific city on a specific day is relatively obscure compared to sports or politics, but it has a dedicated trading base (weather enthusiasts or commodity traders).
Divergence
Significant divergence exists. Polymarket pricing implies a very high probability of a lingering warm front (>64°F) on March 22 (sum of warm 'Yes' prices is well over 50%), whereas mainstream forecasts (Google, WeatherBug) predict a high of around 47°F, favoring '63°F or below'. Only minority sources like TimeAndDate suggest 64°F. The market pricing appears to lag behind operational models or is driven by excessive speculation.

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Highest temperature in Chicago on March 22? - AI Odds Analysis