The Prediction Markets

Will the 2026–27 El Niño be the strongest on record?

Closes
Apr 1, 2027, in 5 months
Traded
$7K
Venues
Polymarket
Prices updated
1 min ago
Share

What the markets expect

Yes 67.5%

Only Polymarket lists this market, so there is no second price to compare.

Yes 67.5%No 32.5%

Odds by venue

Fair chance strips out each venue’s built-in margin (its prices add up to more than 100%), then blends the venues by how much has traded there, so the outcomes add up to 100%. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 1 min ago. Ages are as of when this page was built.

  • Polymarket
Yes
67.5%
Polymarket 67.5%polled, 1 min agoBest Yes 71¢ on Polymarket, $100 pays $141 (1.41x)
Polymarket
Contract
Yes
Last price
67.5%
As of
Polled 1 min ago
Buy Yes
71¢
Sell Yes
64¢
$100 on Yes pays
$141 (1.41x)
Volume
$7K
Trade this on Polymarket

Who resolves this market

Polymarket
Polymarket resolves via:
UMA optimistic oracle, source: cpc.ncep.noaa.gov

How the odds have moved

The leading outcome on both venues, with the consensus between them. Hover for exact values.

  • Yes

Order books

Each venue’s resting orders for the Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Polymarket

Open on Polymarket ↗

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

Depth · top 8 levels

Loading snapshot…

Recent trades

Loading…

What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

$
Buy

Loading both order books…

Cover Yes and No across venues

Loading every outcome’s book…

Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.05 × price × (1 − price) per share (other / general rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "Will the 2026–27 El Niño be the strongest on record?". Yes leads at 67.5%. $7K has traded across 1 outcome on Polymarket. The market is expected to resolve by Apr 1, 2027.

This market will resolve to "Yes" if the peak RONI for the 2026–27 El Niño is above 2.40°C, the highest Relative Oceanic Niño Index (RONI) value on record. Otherwise, this market will resolve to "No". The peak RONI is the single highest RONI value reported by NOAA's Climate Prediction Center (CPC) across the overlapping three-month seasons ASO 2026, SON 2026, OND 2026, NDJ 2026-27, and DJF 2026-27, as reported in official NOAA CPC RONI updates. The record to beat is +2.40°C, set in DJF 1982-83, the highest RONI value for any three-month season in CPC's record. A peak RONI of exactly 2.40°C ties the record and resolves this market to "No". The first published RONI value for each listed season is final and governs this market's resolution. This market may resolve immediately upon NOAA's first publication of a RONI value of above 2.40°C for any listed season. If CPC's RONI dataset becomes temporarily unavailable, this market may be extended for up to 7 days. If CPC's RONI dataset is permanently discontinued, a consensus of credible reporting may be used. If the dataset remains unavailable after 7 days and there is no consensus of credible reporting, this market resolves to "No". No subsequent revision to a season's value will be considered or will change the outcome once that season's first value has been published. The +2.40°C threshold is fixed for the purposes of this market; any later revision to a historical season's RONI value will not change it. The resolution source for this market is the official NOAA CPC RONI updates, available here: https://www.cpc.ncep.noaa.gov/products/analysis_monitoring/enso/roni/

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

More climate markets

See all climate markets