All
Outcomes
Market
Price
AI Fair
Value
Value
Edge
28°C or below
YesNo
29°C
YesNo
33°C
YesNo
30°C
YesNo
32°C
YesNo
35°C
YesNo
38°C or higher
YesNo
36°C
YesNo
37°C
YesNo
31°C
YesNo
34°C
YesNo
AI Insights:
4 hours ago UpdatedFair Value Reasoning:
According to the latest weather forecasts (specifically the resolution source Wunderground/The Weather Company), Lucknow is expected to be impacted by a Western Disturbance on March 21. The forecast predicts mostly cloudy skies with rain and a high temperature of approximately 27°C (81°F). This outcome falls squarely within the '28°C or below' bracket. Although the market has adjusted to make this the favorite (~67¢), the probability is likely closer to 75% given the suppressive effect of rain on daytime highs. If the rain is delayed or lighter than expected, temperatures could creep up to 29°C or 30°C, but the likelihood of reaching 32°C or higher is minimal (making the current 7.5¢ market price for 32°C significantly overvalued).
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Exotics
This is a moderately exotic market. While weather derivatives exist in professional finance, betting on the specific 'integer temperature' of a non-capital Indian city (Lucknow) on a single day is a highly niche segment. It requires meteorological domain knowledge that average traders lack, though it is not an absurd or unpredictable event.
Movers
March 17, 2026 - March 18, 2026, the price of '28°C or below' surged from 26.5c to a peak of 75c, later retracing to 66.5c. The driver was updated weather forecasts (Wunderground/IMD) predicting rain and cooler temperatures (high ~27°C) for March 21 due to a Western Disturbance.
March 17, 2026 - March 18, 2026, the price of '33°C' crashed from 16.5c to under 1c, as the warm weather outlook was replaced by a rainy forecast.