Short Answer

Both the model and the market expect 2+ consecutive days of average temperature in Oklahoma City above 90°F during the week of August 18, 2026, with no compelling evidence of mispricing.

1. Market Behavior & Drivers

This market experienced a short-lived but extreme price movement. The contract began and ended at a price of 2.0%, establishing this level as a firm floor. The price remained flat until spiking to a peak of 90.0% on August 20. This sharp increase reflected news of a persistent high-pressure ridge that had already produced a 28-day streak of temperatures above 90°F as of August 14. Traders priced in a high probability that the entrenched weather system would sustain the heatwave through the required resolution date of August 24.
The market's conviction collapsed on August 21, when the price fell 88.0 percentage points back to 2.0%. This reversal was driven by confirmed weather data that forecast an end to the heatwave on August 22, breaking the streak. The 90.0% level acted as a clear resistance point, representing peak market optimism just before the new information emerged. The total volume of 23,598 contracts suggests significant activity during this period of volatility. Overall, the price action indicates a market that was highly reactive to near-term meteorological reports, with sentiment shifting from near-certainty to near-impossibility in a single day based on a definitive forecast change.
  • Two or three consecutive days of 90°F+ average temperature are confirmed by observational data up to August 21, 2026.
  • Streaks of four or more days are not met; observational data confirms the three-day streak ended.

Current Context

A persistent high-pressure ridge drove Oklahoma City's August 2026 heatwave. The heat wave stemmed from a nearly immobile, well-entrenched high-pressure ridge over the Southern Plains, as characterized by National Weather Service meteorologists. Ground heating feedback mechanisms contributed to high overnight temperatures [1][2]. Oklahoma City had already recorded a significant streak of consecutive days with highs above 90°F, which began on July 18, 2026. This streak reached 28 consecutive days by August 14, 2026 [2].
Oklahoma City experienced extreme triple-digit heat for several days. During the week of August 18–24, 2026, temperatures consistently exceeded 90°F. The city recorded 109°F on August 18, 2026, marking the hottest day of the year to that point [3][4][5][6][1]. Maximum temperatures for subsequent days included 104°F on August 19 and 107°F on August 20 [3][7]. The high reached 101°F on August 21, 2026. Temperatures then moderated, dropping to 81°F on August 22, 2026 [8][7].
Sources (8)
  1. 1Stubborn high pressure keeps Oklahoma locked in triple-digit heatoklahoman.com
  2. 2Oklahoma City heat wave stretches on, but still trails all-time recordoklahoman.com
  3. 3National Weather Serviceforecast.weather.gov
  4. 4Oklahoma City August 2026 Historical Weather Data (Oklahoma, United States) - Weather Sparkweatherspark.com
  5. 5Oklahoma City, OK Weather History | Weather Undergroundwunderground.com
  6. 6OKC continues to see record heat after hottest day of 2026 - KOCOkoco.com
  7. 7IEM:: OKC Data Calendar for Apr 2026mesonet.agron.iastate.edu
  8. 8Oklahoma Cityforecast.weather.gov

2. Price Chart

Historical Price (Probability)

Outcome probability
Date

3. Significant Price Movements

Notable price changes detected in the chart, along with research into what caused each movement.

Outcome: 3+ consecutive days

📉 August 22, 2026: 26.0pp drop

Price decreased from 92.0% to 66.0%

What happened: The 26.0 percentage point drop in the prediction market on August 22, 2026, was primarily driven by the definitive end of an average temperature streak in Oklahoma City. On August 22, the average temperature dropped significantly to 79°F, formally concluding the four-day streak of average temperatures above 90°F that had occurred from August 18 through August 21 [1][2]. Although the market's "3+ consecutive days" outcome was technically met by August 20 [1][2], the abrupt termination of the ongoing above-90°F average temperature trend likely prompted a re-evaluation of market probabilities. Social media activity was irrelevant to this price movement, as no related information was found.

Outcome: 6+ consecutive days

📉 August 21, 2026: 89.0pp drop

Price decreased from 90.0% to 1.0%

What happened: The primary driver of the 89.0 percentage point price drop on August 21, 2026, was the confirmed weather data indicating an end to the prolonged heatwave. While Oklahoma City's daily maximum temperature was 101°F on August 21, the forecast or confirmed observation for August 22, 2026, showed a significant drop to a high of 81°F, effectively breaking any consecutive streak of 90°F+ temperatures [3][2]. This abrupt end meant that achieving "6+ consecutive days" of above 90°F temperatures within the week of August 18 became impossible, leading to the sharp market adjustment. No social media activity from key figures or viral narratives related to this price movement were identified in the provided research, indicating it was irrelevant to this specific market event.

Outcome: 5+ consecutive days

📈 August 19, 2026: 36.0pp spike

Price increased from 2.0% to 38.0%

What happened: The primary driver for the market spike was the concurrent release of traditional news and official weather announcements on August 19, 2026, confirming an intense and prolonged heatwave in Oklahoma City. An Extreme Heat Warning was issued for OKC, with the heat index expected to hit 109°F, while local news reported continued record heat after the city experienced 109°F on August 18 [4][5][1][2][6]. This information, solidifying that daily maximum temperatures were consistently above 90°F for at least 20 consecutive days, likely led to the sharp increase in the prediction market [1][2][6]. Social media activity cannot be assessed as a driver, as no information was provided in the research.
Sources (6)
  1. 1National Weather Serviceforecast.weather.gov
  2. 2OKC Data Calendar for Aug 2026 - IEMmesonet.agron.iastate.edu
  3. 3National Weather Serviceforecast.weather.gov
  4. 4Extreme heat warning issued for OKC as heat index expected to hit 109oklahoman.com
  5. 5OKC continues to see record heat after hottest day of 2026 - KOCOkoco.com
  6. 6National Weather Serviceforecast.weather.gov

4. Market Data

Contract Snapshot

This Kalshi market resolves "YES" if Oklahoma City experiences at least the specified number of consecutive days with an average temperature above 90°F during the week of August 18, 2026. A "NO" resolution occurs if this condition is not met. The market is scheduled to resolve by August 24, 2026.

Market Discussion

During the week of August 18, 2026, Oklahoma City experienced four consecutive days of average temperatures above 90°F, specifically from August 18 to August 21, with daily averages recorded as 91°F, 93°F, 93°F, and 90°F respectively [1][2][3]. This intense heatwave, which also saw daily maximum temperatures consistently exceeding 90°F, generated significant public interest and active speculation in prediction markets regarding daily maximum temperatures [1][4][5][6][7].

Sources (7)
  1. 1National Weather Serviceforecast.weather.gov
  2. 2Oklahoma Cityforecast.weather.gov
  3. 3Oklahoma citytgftp.nws.noaa.gov
  4. 4Breaking 108-year-old record today as heat builds to rare levels. This is extreme even for Oklahoma summers. - News9.comnews9.com
  5. 5Highest temperature in Oklahoma City on Aug 20, 2026? — Kalshi Prediction Market Odds | CoinRithmcoinrithm.com
  6. 6Highest temperature in Oklahoma City on Aug 21, 2026? — Kalshi Prediction Market Odds | CoinRithmcoinrithm.com
  7. 7OKC Data Calendar for Aug 2026 - IEMmesonet.agron.iastate.edu

5. Trader Dashboard

This scorecard was computed Aug 22, 2026 and may not reflect current market conditions.

Trust profile
Event quality61
Healthy

6. How did the long-range forecasts from the GFS and European (ECMWF) models differ in their predictions for Oklahoma City's weather during the week of August 18, 2026?

Forecast PeriodWeek of August 18, 2026 (for Oklahoma City) [1][2][3][4]
GFS Model OutlookPotential shift towards cooler temperatures [1]
ECMWF Model OutlookSustained extreme heat [1]
Long-range forecasts diverged for Oklahoma City during August 2026. For the week of August 18, 2026, the GFS and ECMWF models presented significantly different long-range predictions for Oklahoma City's weather, particularly concerning projected atmospheric patterns and associated temperature outcomes [1][2][3][4]. The GFS model indicated a potential shift towards cooler temperatures, contrasting with the ECMWF model, which suggested the persistence of extreme heat [1].
Specific atmospheric patterns differed significantly between the models. As of August 16, 2026, the GFS model anticipated a pattern shift involving ridge amplification and trough development that could have led to cooler conditions [1]. Conversely, the ECMWF model maintained a forecast of stronger upper-level ridging over the Southern Plains, indicating continued extreme heat [1]. For the mid-week of August 18, 2026, the GFS model depicted a trough entering the Plains, whereas the ECMWF model's medium-range projections kept Oklahoma City under the influence of a large upper-level ridge [2][3][4].
Sources (4)
  1. 1National Weather Serviceforecast.weather.gov
  2. 2National Weather Serviceforecast.weather.gov
  3. 3National Weather Serviceforecast.weather.gov
  4. 4National Weather Serviceforecast.weather.gov

7. What do climatological records from the Oklahoma Climatological Survey indicate about the typical duration of heatwaves that begin in July and extend into late August?

Heat Wave SpanMid-summer into late August [1][2][3]
OCS Heat Wave DefinitionAbnormal heat for at least two consecutive days [4][3]
Oklahoma City Peak Temp (Aug 2026)107°F [5][6]
Oklahoma heat waves frequently begin in July and persist through late August. Climatological records from the Oklahoma Climatological Survey (OCS) indicate that heat waves in Oklahoma typically begin in mid-summer and extend into late August [1][2][3]. The OCS defines a heat wave as a period of abnormal heat lasting a minimum of two consecutive days during the hot season, determined by local conditions and specific temperature thresholds [4][3]. Historically, significant heat waves, including those in 1936, 1980, and 2011, consistently saw triple-digit temperatures that continued well into the latter half of August [1][2][3].
Extreme high temperatures are common, but weekly averages rarely exceed 90°F. While extreme heat events can produce multiple consecutive days with temperatures at or exceeding 100°F, daily average temperatures (calculated from daily high and low) rarely remain above 90°F for an entire week [6]. For instance, during August 18–24, 2026, Oklahoma City recorded high temperatures reaching 107°F, which is consistent with historical patterns of hot, dry summer conditions in the state [5][6]. During this specific week, Oklahoma City's daily average temperatures ranged between 87°F and 93°F [6]. Generally, Oklahoma's summertime average high temperatures in July and August fall within the low-to-mid 90s [7].
Sources (7)
  1. 1Heat Wave and Summer Temperature Data for Oklahoma City, Oklahomaweather.gov
  2. 2Oklahoma Weather Timelineou.edu
  3. 3Climate of Oklahoma Cityen.m.wikipedia.org
  4. 4SCIPP Simple Planning Tool for Climate Hazards - Oklahoma Heat Extremessouthernclimate.org
  5. 5OCS: July begins with destructive winds, ends in a heat wave | News | duncanbanner.comduncanbanner.com
  6. 6National Weather Serviceforecast.weather.gov
  7. 7Summer Climatology for Eastern OK and Northwest ARweather.gov

8. Which specific forecast model updates on August 20-21, 2026, provided the earliest signals of the heat dome's collapse over Oklahoma City?

Initial Model Signal DateAugust 20-21, 2026 [1][2]
Expected Cooling Trend90s for August 22-23, then 80s [3][4]
Heat Dome Status on August 21Persistent threat, triple-digit highs [5][6]
Early forecast models indicated a potential heat dome collapse. Around August 20-21, 2026, medium-range forecast models, specifically the NAM and GFS, first signaled a shift in the upper-level pattern [1][2][3][4]. This shift involved the amplification of an upper-level ridge in the West and the development of a trough from the Great Lakes toward the Mid-Mississippi Valley, which was expected to establish a northwest flow over the Plains [1][2][3][4]. Forecast discussions and tabular state forecasts from these dates explicitly projected a cooling trend, anticipating temperatures in the 90s for the weekend of August 22-23, followed by a drop into the 80s [1][2][3][4]. This projected temperature decrease was interpreted as a signal for the intense heat dome's collapse.
Heat dome persistence challenged early cooling trend forecasts. Despite initial indications, the National Weather Service (NWS) noted on August 21, 2026, that the National Blend of Models (NBM) was not yet fully capturing the magnitude of the anticipated cooling, often predicting higher temperatures than expected [1]. Consequently, as of August 21, 2026, the heat dome remained a significant threat for Oklahoma City, with continued forecasts for triple-digit highs [5][6]. This reinforced that the heat dome had not definitively collapsed by that date [5][6].
Sources (6)
  1. 1National Weather Serviceforecast.weather.gov
  2. 2National Weather Serviceforecast.weather.gov
  3. 3Area Forecast Discussionforecast.weather.gov
  4. 4National Weather Serviceforecast.weather.gov
  5. 5South heat wave to bring dozens of records this weekweather.com
  6. 6Drought worsens, but showers are in the forecastokcfox.com

9. What real-time observational data from the National Weather Service or Oklahoma Mesonet could have been used to verify the imminent breakdown of the heatwave on August 21, 2026?

Data observation frequencyevery 5 minutes [1][2]
Oklahoma City high temperature on August 21, 2026101°F [3]
Oklahoma City high temperature on August 22, 202681°F [3]
The Oklahoma Mesonet provides high-resolution data to verify heatwave breakdowns swiftly. This network offers real-time observational data, including 5-minute air temperature, humidity, and wind patterns from stations located across all 77 Oklahoma counties [1][2]. This extensive, high-resolution data would have been instrumental in verifying the imminent breakdown of the August 21, 2026, heatwave. By analyzing shifts in the daily maximum heat index or trends in average temperature, the Mesonet could confirm a heatwave's dissipation before daily summaries were finalized [1][4].
Changes in wind, temperature, and humidity indicated the heatwave's end. The August 2026 heatwave was driven by a persistent subtropical high-pressure ridge, and its breakdown would have been observable through corresponding shifts in regional wind patterns, temperatures, and humidity recorded by the Mesonet network [4]. Specifically, the Mesonet would have captured the sharp drop in temperature and a shift in wind patterns, such as to an easterly component, associated with the cold frontal passage that ended the heatwave on August 21-22, 2026 [3][5]. For instance, Oklahoma City recorded a high temperature of 101°F on August 21, 2026, which significantly dropped to 81°F on August 22, clearly indicating a major breakdown of the heatwave observable by regional networks such as the Oklahoma Mesonet [3][5][6].
Sources (6)
  1. 1Daily Summaries | Mesonetmesonet.org
  2. 2Mesonet: Homemesonet.org
  3. 3IEM:: OKC Data Calendar for Apr 2026mesonet.agron.iastate.edu
  4. 4Stubborn high pressure keeps Oklahoma locked in triple-digit heatoklahoman.com
  5. 5WWA Summary by Location with OKZ025/OKC109/OKZ025 emphasis Extreme Heat Warningforecast.weather.gov
  6. 6Area Forecast Discussionforecast.weather.gov

10. How did the atmospheric drivers of the August 2026 heatwave compare to those observed during Oklahoma's record-setting heatwave in the summer of 2011?

Common DriverPersistent upper-level high-pressure ridges (heat domes) over Southern Plains [1][2][3][4][5][6]
2026 Heatwave CharacteristicsShort-term eastward expansion of a Southwestern ridge and intermittent frontal boundary interactions [5][6][4]
2011 Heatwave CharacteristicsMulti-month persistence tied to a La Niña phase [5][6][4]
Both the August 2026 and the record-setting 2011 Oklahoma heatwaves were driven by a common atmospheric phenomenon. These events were primarily caused by strong, persistent upper-level high-pressure ridges, commonly known as heat domes, that settled over the Southern Plains [1][2][3][4][5][6]. However, these two significant heatwaves differed markedly in their broader atmospheric influences and overall duration. The 2011 event was notable for its multi-month persistence, which was strongly linked to a prevailing La Niña phase, whereas the 2026 event involved a more short-term eastward expansion of the ridge and interactions with frontal boundaries [5][6][4].
The two heatwaves differed significantly in their broader influences and duration. The August 2026 Oklahoma heatwave resulted from a persistent, nearly immobile subtropical high-pressure ridge positioned over the Southern Plains, effectively blocking cold fronts and trapping hot, dry air for weeks [1][2]. This event's primary driver was an upper-level high-pressure heat dome expanding eastward from the Southwestern U.S., further reinforced by a Pacific trough on the West Coast [7][8]. This 2026 heatwave was specifically characterized by this short-term eastward expansion of a Southwestern ridge and intermittent frontal boundary interactions [5][6][4], which led to sustained triple-digit temperatures and a "ground heating" feedback where dry soil radiates heat at night, elevating overnight temperatures [1][9][10][11]. In contrast, the record-setting 2011 Oklahoma heatwave was driven by a strong, persistent upper-level high-pressure ridge [3], but it was intensely amplified by pre-existing severe, multi-year drought conditions. Feedback loops during the 2011 event meant that solar energy heated the dry ground directly, rather than being absorbed by evaporating soil moisture [3][12][13]. This historic heatwave was profoundly influenced by a persistent La Niña pattern, which anchored a large-scale high-pressure ridge over the Southern Plains for months. This resulted in sinking air that inhibited clouds and rainfall while worsening extreme soil moisture deficits [4][14], defining its multi-month persistence [5][6][4].
Sources (14)
  1. 1Stubborn high pressure keeps Oklahoma locked in triple-digit heatoklahoman.com
  2. 2Southern Plains Heat Wave Continues Through End of...dtnpf.com
  3. 3Wednesday marks the end of the hottest climatological summer on record for Oklahomaamp.greatfallstribune.com
  4. 42011 Droughtweather.gov
  5. 5National Weather Serviceforecast.weather.gov
  6. 62011 Significant Weather Events Summarypreview.weather.gov
  7. 7National Weather Serviceforecast.weather.gov
  8. 8National Weather Serviceforecast.weather.gov
  9. 9OCS: July begins with destructive winds, ends in a heat wave | News | duncanbanner.comduncanbanner.com
  10. 10Oklahoma Endures Hottest Day Since 2022 as Extreme Heat Continues Across the State - Oklahoma Farm Reportoklahomafarmreport.com
  11. 11Dangerous heat continues; drought conditions worsen | 8/20 PMkswo.com
  12. 12NASA satellite observes unusually hot July in the U.S. Great Plains | ScienceDailysciencedaily.com
  13. 13Abstract: The Record-breaking Extreme Hot/Dry Summer of 2011 in the Southern Plains: Indications from Teleconnection Patterns (94th American Meteorological Society Annual Meeting)ams.confex.com
  14. 14The Heat and Drought of 2011weather.gov

11. What Could Change the Odds

Key Catalysts

Oklahoma City experienced extreme heat throughout the week of August 18–24, 2026, driven by a persistent subtropical high-pressure ridge [1][2]. By August 22, 2026, the city had recorded 26 days of temperatures at or above 100°F in 2026 [2].
During this period, daily high temperatures reached 109°F on August 18, 104°F on August 19, and 107°F on August 20 [3][1]. Average daily temperatures exceeded 90°F from August 18 (91°F) through August 20 (93°F), with the streak ending on August 21, 2026, at 90°F [1][3]. The National Weather Service issued Extreme Heat Warnings for the Oklahoma City area, forecasting heat index values as high as 111°F [4][5][6].
Prediction markets, including Kalshi, actively traded on daily maximum temperature outcomes for Oklahoma City during the week [7][8][9]. Localized weather patterns, frontal boundaries, and the persisting high-pressure ridges served as catalysts, influencing bullish and bearish positions among traders [7][8][9].

Key Dates & Catalysts

  • Expiration: August 26, 2026
  • Closes: August 24, 2026
Sources (9)
  1. 1OKC Data Calendar for Aug 2026 - IEMmesonet.agron.iastate.edu
  2. 2Stubborn high pressure keeps Oklahoma locked in triple-digit heatoklahoman.com
  3. 3National Weather Serviceforecast.weather.gov
  4. 4Extreme heat warning issued for OKC as heat index expected to hit 109oklahoman.com
  5. 5Weekend Forecast: Storms possible for parts of Oklahoma - KOCOkoco.com
  6. 6WWA Summary for Extreme Heat Warning Issued by TSAforecast.weather.gov
  7. 7Highest temperature in Oklahoma City on Aug 20, 2026? — Kalshi Prediction Market Odds | CoinRithmcoinrithm.com
  8. 8Oklahoma City Weather on Aug 19, 2026 | Prediction Market Forecastpredictmarketcap.com
  9. 9Highest temperature in Oklahoma City on Aug 21, 2026? — Kalshi Prediction Market Odds | CoinRithmcoinrithm.com

13. Related News