PMWeather|$82.9k Vol|
time18 hrs 6 mins

Highest temperature in Madrid on March 18? - AI Odds Analysis

All Outcomes
Market Price
AI Fair Value
Value Edge
18°C
YesNo
20°C
YesNo
21°C
YesNo
19°C
YesNo
23°C or higher
YesNo
22°C
YesNo
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AI Insights:

40 minutes ago Updated
Fair Value Reasoning:
It is past 6 PM in Madrid, meaning the daily high temperature has already been recorded. Hourly observational data from TheWeatherNetwork and Google Weather confirm that the peak temperature at Madrid Airport (LEMD) reached 18°C (around 3-4 PM). While earlier forecasts (Met Office, AccuWeather) predicted a high of 19°C (66°F), the actual METAR observations indicate the temperature topped out at 18°C and failed to breach the 19°C threshold (AccuWeather's 66°F/18.88°C was borderline, but integer observations prevailed). Thus, 18°C is the physically determined outcome. The current market price of 88.5c undervalues this certainty.

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Movers
From March 18, 2026, 10:50 to 16:15, the price of 18°C rocketed from 10c to 88.5c, while 19°C crashed from 48c to 6.5c. This reversal occurred as afternoon METAR data from Madrid confirmed temperatures stabilized at 18°C, failing to reach the forecasted 19°C, crushing the morning's warm-bias bets. From March 17, 2026, 21:50 to March 18, 09:45, 19°C and 20°C surged (19°C peaked at 48c), while 18°C sold off. This was driven by overnight forecast updates (e.g., AccuWeather showing "High 66°F"/19°C), triggering speculative buying before local observations began.
Divergence
Significant divergence exists. Mainstream forecast sources (Met Office, AccuWeather) explicitly predicted a high of 19°C (66°F) for today. However, the prediction market is pricing 18°C at 88% probability. This is because the market is now trading on realized observational data (Station Data) which underperformed the forecast, correcting the prediction error in real-time.

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