All
Outcomes
Market
Price
AI Fair
Value
Value
Edge
15°C
YesNo
12°C
YesNo
13°C
YesNo
14°C
YesNo
16°C
YesNo
11°C
YesNo
10°C or below
YesNo
17°C
YesNo
19°C
YesNo
20°C or higher
YesNo
18°C
YesNo
AI Insights:
03.17 14:24 UpdatedFair Value Reasoning:
The authoritative Japan Meteorological Agency (JMA) explicitly forecasts a high of 15°C for Tokyo on March 20 in their latest March 17 update. While some models like AccuWeather lean slightly cooler (~13.3°C/56°F), the thermal inertia of Tokyo Bay (sea temp ~14°C) makes a drop to 12°C unlikely for the coastal Haneda station (RJTT). The prediction market is currently severely undervaluing the JMA consensus (trading 15°C at only ~12c) while overpricing the colder 12-13°C range. Fair value heavily overweights 14-15°C to correct this pessimistic bias.
Sign up to view more information
Exotics
This is a typical weather derivative market. While forecasting weather isn't inherently bizarre, betting on a specific high-temperature range for a specific location and date is a niche category compared to elections or sports.
Movers
March 16, 2026 - March 17, 2026, the price of the 11°C option crashed from 36c to 12.5c, as early extreme cold model outliers were corrected and authoritative forecasts (JMA) stabilized around 15°C, making such a low maximum highly improbable.
March 16, 2026 - March 16, 2026, the price of the 11°C option spiked from 16.5c to 36c, likely due to a rogue weather model run showing a cold snap or market manipulation, triggering a brief panic buy.
Divergence
Significant divergence exists. The Market Consensus is heavily concentrated on a colder outcome of 12°C (25.5c) and 13°C (28c), whereas the Mainstream Authority (JMA) explicitly forecasts 15°C. The market appears to be overreacting to the "Cloudy/Showers" description while ignoring the specific numeric temperature guidance. This creates excellent odds for longing 14°C/15°C or shorting 12°C.