Short Answer

The market expects more than 7 Eastern Pacific hurricanes this year, pricing this outcome at 88.0%. This expectation is severely contradicted by the current NOAA count of 6 Eastern Pacific hurricanes as of September 25, 2026.

1. Market Behavior & Drivers

The market's sharp price movements in late September were direct reactions to official updates on the hurricane count. The price increase from 2.0% to 28.0% on September 29, and the subsequent move to 41.0% on September 30, were driven by reports from NASA and NOAA confirming that nine Eastern Pacific hurricanes had formed. This real-world data aligned the market with the season's observed high activity. A sharp price drop on September 28 from 33.0% to 2.0% occurred in a related market for an "Above 9" outcome, which became less probable once the count was confirmed to be exactly nine at the time.
This season's activity was consistent with forecasts for an above-normal year. NOAA's May 21 outlook projected 9-14 hurricanes, attributing the heightened risk to a strong El Niño. By September 25, before the late-month repricing, the basin had already recorded 6 hurricanes, and Accumulated Cyclone Energy was 54% above the 1991–2020 normal. The market's overall upward trend reflects the progression from a high-probability forecast to a confirmed high-activity hurricane season.
  • Market expects above 7 and 8 hurricanes; current count is six.
  • Above 9 to 11 outcomes reflect NOAA's 9-14 forecast and strong El Niño.
  • Remaining hurricane activity will face typical climatological decline in October/November.

Who Wins and Why

Outcome Market Model Why
Above 12 41.0% 18.5% Reaching above 12 hurricanes requires 7 more storms from the current count of 6.
Above 9 64.0% 49.4% Reaching above 9 hurricanes requires 4 more storms from the current count of 6.
Above 10 59.0% 35.1% Reaching above 10 hurricanes requires 5 more storms from the current count of 6.
Above 11 49.0% 25.1% Reaching above 11 hurricanes requires 6 more storms from the current count of 6.
Above 13 15.0% 13.9% Reaching above 13 hurricanes requires 8 more storms from the current count of 6.

Current Context

Current data indicates 6 Eastern Pacific hurricanes to date, driven by El Niño. As of September 25, the Eastern Pacific basin has recorded 6 hurricanes, 16 named storms, and 3 major hurricanes. Accumulated Cyclone Energy (ACE) stands at 134.3, which is 54% above the 1991–2020 normal [1]. NOAA’s May 21, 2026, outlook projected an above-normal season, forecasting 15–22 named storms, 9–14 hurricanes, and 5–9 major hurricanes, with a 70% probability for these ranges [2]. This elevated activity is attributed to a strong El Niño, which University of Miami expert Brian McNoldy described as potentially the strongest on record. NASA reported warm equatorial Pacific water and low wind shear favoring cyclone development, with ACE more than twice normal by September 28 [3][4].
Prediction markets suggest a strong likelihood of 9 or more total hurricanes. Market snapshots reflect a bullish outlook, with varied probabilities for hurricane thresholds. On September 12, Kalshi's "Above 13 hurricanes" threshold registered 99% [5]. By September 24, PredictMarketCap showed probabilities of 88% for above 5 hurricanes, 85% for above 6, 77% for above 7, 49% for above 8, and 41% for above 9 [6]. As of September 30, the best current estimate for the full 2026 season is roughly 7–9 Eastern Pacific hurricanes, with NOAA’s official outlook and prediction markets favoring 9 or more. The official NOAA record shows 6 through September 25 [1][5][6]. The Eastern Pacific season concludes on November 30, with the relevant prediction market scheduled to resolve on December 1, 2026 [1][5].
Sources (6)
  1. 12026 Eastern Pacific Hurricane Seasonprod-west-nhc.woc.noaa.gov
  2. 2Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  3. 3It’s been an intense hurricane season in the Pacific and there’s still a long way to go | The Seattle Timesseattletimes.com
  4. 4Powerful Storms Continue to Prowl the Pacific - NASA Sciencescience.nasa.gov
  5. 5How many Eastern Pacific hurricanes will there be this year? - Kalshi Odds | CoinRithmcoinrithm.com
  6. 6Eastern Pacific Hurricanes 2026 Count Odds | Kalshi & Polymarketpredictmarketcap.com

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: Above 7

📈 September 30, 2026: 15.0pp spike

Price increased from 73.0% to 88.0%

What happened: The primary driver of the 15.0 percentage point price spike was the confirmed increase in Eastern Pacific hurricane activity. By September 28–30, 2026, the Eastern Pacific had observed 9 hurricanes, including recent additions like Polo and Nolo, significantly exceeding the "Above 7" threshold after NOAA/NHC's September 24 summary recorded 6 [1][2]. This definitive update to the hurricane count, making the outcome a certainty, likely prompted the market's rapid adjustment on September 30 [1][2]. There is no information in the provided sources indicating any social media activity from key figures or viral narratives around this time that influenced the price movement. Social media was irrelevant to this price spike.

Outcome: Above 10

📈 September 29, 2026: 69.0pp spike

Price increased from 1.0% to 70.0%

What happened: No specific social media activity or breaking news appeared to directly cause the 69.0 percentage point price spike on September 29, 2026. The primary driver was likely the updated real-world hurricane count, as 9 Eastern Pacific hurricanes had been reported by September 28, 2026, according to NASA and NOAA data [3][1]. With the season still ongoing and official outlooks from May 2026 anticipating 9–14 total hurricanes, the "Above 10" outcome became highly probable [4][5][6]. This fundamental data shift, disseminated through official weather tracking channels, served as the primary driver, rendering social media irrelevant for this movement.

📉 September 26, 2026: 27.0pp drop

Price decreased from 81.0% to 54.0%

What happened: The primary driver of the 27.0 percentage point drop was likely the National Hurricane Center's official summary, which reported on September 25, 2026, that the Eastern Pacific had seen exactly 6 hurricanes to date [6]. This data release, preceding the price movement, led traders to reassess the likelihood of reaching "Above 10" (i.e., 11 or more hurricanes) given that at least five additional hurricanes would be required before the season ends on December 1 [6]. Although NOAA's May 21, 2026, outlook forecast 9–14 Eastern Pacific hurricanes [4], the specific current count and existing "evidence supports a forecast of about 7 total" [6], making the "Above 10" outcome appear significantly less probable. Social media was not identified as a primary driver, contributing accelerant, or significant factor in this movement based on the available information.

Outcome: Above 9

📉 September 28, 2026: 58.0pp drop

Price decreased from 95.0% to 37.0%

What happened: The primary driver of the 58.0 percentage point drop in the "Above 9" outcome on September 28, 2026, was the official reporting of the actual hurricane count. As of that date, the northeastern and central Pacific region had recorded 9 hurricanes, as detailed by NASA Science and NOAA's regional summaries [1][2]. This concrete data release indicated that the condition for "Above 9" hurricanes was not met, prompting a sharp decline in the market's perceived probability for that outcome. Social media was irrelevant to this price movement based on the available information.

📈 September 27, 2026: 48.0pp spike

Price increased from 41.0% to 89.0%

What happened: The provided information does not identify any specific social media activity, traditional news event, or market structure factor that would account for the 48.0 percentage point spike on September 27, 2026. While the Eastern Pacific basin was active with Hurricane Polo and other systems around September 25-27, and NOAA's May 21, 2026, outlook projected 9–14 hurricanes, no new, sudden development or announcement was noted that would explain such a dramatic increase in the "Above 9" outcome [4][5][7]. The latest official count before September 30 was 6 hurricanes, which alone would not support a sharp increase for an "Above 9" prediction without additional strong forecast changes [6]. Based on the available data, social media was irrelevant, and the primary driver for this significant price movement cannot be determined.
Sources (7)
  1. 1Powerful Storms Continue to Prowl the Pacific - NASA Sciencescience.nasa.gov
  2. 22026 Eastern Pacific Hurricane Seasonprod-west-nhc.woc.noaa.gov
  3. 32026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  4. 4Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  5. 5Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  6. 62026 Eastern Pacific Hurricane Seasonprod-west-nhc.woc.noaa.gov
  7. 7Hurricane season maps tracker: latest forecasts and moreweather.com

4. Market Data

Contract Snapshot

This market resolves YES if the total number of Eastern Pacific hurricanes in the current year is greater than 12, and NO if the total number is 12 or fewer. The maximum payout date for this market is December 1, 2026, indicating settlement by this date based on the final hurricane count for the year. No special settlement conditions are detailed beyond the numerical threshold.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
Above 6 $0.99 $0.08 99%
Above 5 $0.99 $0.08 98%
Above 7 $0.94 $0.12 88%
Above 8 $0.98 $0.16 87%
Above 9 $0.85 $0.19 64%
Above 10 $0.74 $0.29 59%
Above 11 $0.50 $0.57 49%
Above 12 $0.46 $0.57 41%
Above 13 $0.12 $0.93 15%

Market Discussion

The market indicates a strong expectation for a higher number of Eastern Pacific hurricanes this year, with a near 50% chance that the total will exceed 11, and a 41% chance it will be above 12. Both of these probabilities have seen significant recent increases, suggesting growing sentiment for an active season. While traders anticipate a high count, the probability of exceeding 13 hurricanes drops sharply to 15%.

5. Trust Index

Octagon Trust Index Kalshi 71 Good

Order book is critically thin.

Primary risk· Trade quality

How it adds up
Integrity80% of score84Good
Trade quality20% of score21Avoid

Includes the cost to trade: a $1,000 order can't be filled here because the order book is too thin.

Trust score71Good

Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index

Trust profile
Integrity4 screens run · 5 don't apply · 1 awaiting data

6. What is the climatological likelihood of hurricane formation in the Eastern Pacific during October and November 2026, and how might the current strong El Niño affect this?

Eastern Pacific Climatological Average (1991-2020)15 named storms, 8 hurricanes, 4 major hurricanes [1]
El Niño Probability (Fall/Winter 2026-27)Greater than 90% chance of a very strong event [2]
Eastern Pacific Activity (as of Sept 3, 2026)13 named storms, 4 hurricanes, 2 major hurricanes [3]
Eastern Pacific hurricane activity typically declines significantly by October and November. The climatological likelihood of Eastern Pacific hurricane formation in October and November 2026 is generally low, as activity rapidly decreases after late September, with the official season concluding on November 30 [4]. Historically, the basin's activity peaks in late August, and the 1991–2020 annual average includes 15 named storms, 8 hurricanes, and 4 major hurricanes [1]. However, an unusually strong El Niño materially increases these odds by creating a more favorable environment characterized by reduced wind shear and warmer eastern-Pacific sea surface temperatures [4].
A very strong El Niño is significantly increasing late-season hurricane potential. As of September 10, 2026, the NOAA Climate Prediction Center reported a strengthening El Niño, with eastern-equatorial-Pacific sea surface temperature anomalies exceeding +3.0°C, assigning a greater than 90% probability to a very strong event during fall/winter 2026–27 [2]. El Niño enhances central and eastern-Pacific hurricane activity by creating conditions that favor vertically organized thunderstorms and reducing vertical wind shear [5]. Given this strong ENSO signal and the fact that the Eastern Pacific had already recorded 13 named storms, 4 hurricanes, and 2 major hurricanes by September 3, 2026, with accumulated cyclone energy 25% above normal, one or more additional Eastern Pacific hurricanes in October are plausible. November formation, however, remains possible but should be considered a low-probability outcome [4].
Sources (5)
  1. 1Tropical Cyclone Climatologynhc.noaa.gov.
  2. 2Climate Prediction Center: ENSO Diagnostic Discussioncpc.ncep.noaa.gov
  3. 32026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  4. 4TROPICAL CYCLONES OF THE EASTERN NORTH PACIFIC BASIN, 1949-2006nhc.noaa.gov
  5. 5Impacts of El Niño and La Niña on the hurricane season | NOAA Climate.govclimate.gov

7. How do the probabilities implied by Kalshi's market in September 2026 contrast with the confidence ranges in NOAA's official May forecast?

NOAA 70% Confidence Range9–14 hurricanes (May 21, 2026 forecast) [1]
Kalshi Implied Probability >8 Hurricanes49% (September 30, 2026) [2]
Kalshi Implied Probability >10 Hurricanes38% (September 30, 2026) [2]
Kalshi's market showed a broader, lower hurricane probability distribution than NOAA. Kalshi's market probabilities for Eastern Pacific hurricanes in September 2026 presented a much broader and lower-centered distribution compared to NOAA's official May 21, 2026 forecast. NOAA's forecast concentrated its 70% confidence range at 9–14 hurricanes [1]. In contrast, Kalshi's pricing in late September implied that NOAA's lower bound of 9 was far from certain, and suggested 10-plus hurricanes were roughly a coin flip or less [1]. Specifically, Kalshi's market indicated approximately an 85% probability for at least 7 hurricanes, 77% for at least 8, and only about 41–44% for at least 10 [1].
Kalshi's September 30 market implied specific probabilities for various hurricane thresholds. As of September 30, 2026, Kalshi's market for total Eastern Pacific hurricanes (Category 1 or higher, May 15 through December 1, 2026) implied an 88% probability for more than 5 hurricanes, 85% for more than 6, 77% for more than 7, and 49% for more than 8 [2]. For more than 9 hurricanes, the market suggested about 41%, while Kalshi's own page showed more than 9 at 44%, more than 10 at 38%, and more than 11 at 29% [2]. It is important to note that this comparison is not perfectly like-for-like, as NOAA provides a full-season probabilistic forecast, while Kalshi prices threshold contracts from snapshots during September [1][2]. By September 2, 2026, NOAA's National Hurricane Center had already listed 13 named storms but only 3 hurricanes, indicating that Kalshi's September probabilities were informed by significant season-to-date information and should not be considered a direct, contemporaneous version of the May outlook [1][3].
Sources (3)
  1. 1Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  2. 2How many Eastern Pacific hurricanes will there be this year?kalshi.com
  3. 32026 Eastern Pacific Hurricane Seasonnhc.noaa.gov

8. How does the 2026 Eastern Pacific hurricane season's activity through September compare to the pace of other record-setting El Niño years?

Hurricanes by Sep 3, 20264 [1][2]
ACE by Sep 3, 202684.4 x 10^4 kt2 (25% above normal) [1][2]
1997 El Niño full-season hurricanes9 [3]
The 2026 Eastern Pacific hurricane season shows mixed activity through September 3. Through this date, the season produced 4 hurricanes, 13 named storms, and 2 major hurricanes, alongside an Accumulated Cyclone Energy (ACE) of 84.4 x 10^4 kt2, which is 25% above the 1991–2020 normal [1][2]. Despite these elevated metrics, the season's hurricane formation pace lags behind climatological norms, as the normal cumulative sixth and seventh Eastern Pacific hurricanes typically form around September 15 and September 28, respectively [4].
The 2026 season's activity is less than record El Niño years. Through early September, the 2026 season's activity was not comparable to the record-setting El Niño years of 1997 and 2015, which concluded with 9 and 13 hurricanes, respectively, significantly surpassing the 1991–2020 average of 8 hurricanes [3]. Based on observed activity and late-season expectations, the 2026 season is projected to finish with 6–7 total hurricanes, combining the four already observed with an anticipated two or three additional storms [3][4][1]. This projected total would place the season above the normal cumulative pace but still below the exceptional hurricane counts of the 1997 and 2015 El Niño years [3][4][1].
Sources (4)
  1. 12026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  2. 22026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  3. 3El Niño and Hurricanesusgs.gov
  4. 4Tropical Cyclone Climatologynoaa.gov

9. Which specific NOAA dataset and reporting methodology will determine the official final count of Eastern Pacific hurricanes for 2026?

Official Data SourceNHC Northeast/North Central Pacific HURDAT2 best-track database (2026 East Pacific season record and TCRs) [1][2][3]
Official MethodologyNHC/CPHC post-storm analysis using all available observations for a six-hourly best track [4][5][1]
Hurricane DefinitionHURDAT2 status HU, intensity above 64 kt (max 1-min sustained surface wind at 10m) [6][4]
The NHC's HURDAT2 database defines official Eastern Pacific hurricane counts. The official final count of Eastern Pacific hurricanes for 2026 will be determined by the National Hurricane Center’s (NHC) Northeast/North Central Pacific HURDAT2 best-track database, specifically the 2026 East Pacific season record and its associated NHC Tropical Cyclone Reports (TCRs) [1][2][3]. This database is considered the controlling NOAA source, overriding forecast outlooks or third-party datasets [1][2][3]. For the Eastern Pacific, the NHC's operational area extends westward from the North and Central American coast to 140°W, with the Central Pacific Hurricane Center (CPHC) covering the region from 140°W to 180°W [4][6].
Post-storm analysis determines hurricane counts using comprehensive data. The official methodology for determining hurricane counts is NHC/CPHC post-storm analysis, which utilizes all available observations, including information not available in real-time, to create a post-analysis six-hourly best track [4][5][1]. The historical record can be revised if warranted through this best-track review process [4][5][1]. A storm is counted as a hurricane when its final HURDAT2 status reaches 'HU', defined as hurricane intensity above 64 knots [6][4]. This intensity is based on the maximum 1-minute sustained surface wind at 10 meters, recorded in knots [6][4]. The count should represent distinct 2026 cyclone entries whose final post-analysis best track contains 'HU', rather than merely counting hurricane-strength observations or advisories [6][4].
NHC's post-analysis summary provides final operational confirmation. NOAA's operationally relevant final confirmation is provided by the NHC's post-analysis 2026 East Pacific season summary and HURDAT2 record [7][8][3][1]. It is important to note that a market's settlement date, such as December 1, may precede any later retrospective database revisions [7][8][3][1]. Therefore, if a subsequent reanalysis changes the classification of a borderline storm, the applicable record version or settlement rule should be checked [7][8][3][1].
Sources (8)
  1. 12026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  2. 22026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  3. 3NHC Data Archive - National Hurricane Center - NOAAnhc.noaa.gov
  4. 4The National Hurricane Center (NHC) and the Central Pacific Hurricane Center (CPHC) conduct post-storm analyses of each tropical cyclone in their respective areas of responsibility over the North Pacific Ocean to determine the official assessment of the cyclone's history. (NHC’s area extends from the North and Central America west coast westward to 140 oW and CPHC’s area extends from 140 to 180 oW. These analyses make use of all available observations, including those that may not have been available in real-time. NHC and CPHC have traditionally disseminated the tropical cyclone historical database in a format known as HURDAT (short for HURricane DATabase – Davis et al. 1984). This report updates the original HURDAT documentation to reflect significant changes to both the format and content for the tropical cyclones and subtropical cyclones of the Northeast and North Central Pacific basin. (Note for April 2022: Radius of Maximum Wind added into HURDAT2 fornhc.noaa.gov
  5. 5The National Hurricane Center (NHC) conducts a post-storm analysis of each tropical cyclone in its area of responsibility to determine the official assessment of the cyclone's history. This analysis makes use of all available observations, including those that may not have been available in real time. In addition, NHC conducts ongoing reviews of any retrospective tropical cyclone analyses brought to its attention, and on a regular basis updates the historical record to reflect changes introduced via the Best Track Change Committee (Landsea et al. 2004a, 2004b, 2008, 2012, Hagen et al. 2012, Kieper et al. 2016, and Delgado et al. 2018). NHC has traditionally disseminated the tropical cyclone historical database in a format known as HURDAT (short for HURricane DATabase – Jarvinen et al. 1984). This report updates the original HURDAT documentation to reflect significant changes since 2012 to both the format and content for the tropical cyclones and subtropical cyclones of the Atlantic basin (i.e., North Atlantic Ocean, Gulf of Mexico, and Caribbean Sea). (Note for April 2022: Radius of Maximum Wind added into HURDAT2 for the firstnhc.noaa.gov
  6. 6The National Hurricane Center (NHC) conducts a post-storm analysis of each tropical cyclone in its area of responsibility to determine the official assessment of the cyclone's history. This analysis makes use of all available observations, including those that may not have been available in real time. In addition, NHC conducts ongoing reviews of any retrospective tropical cyclone analyses brought to its attention, and on a regular basis updates the historical record to reflect changes introduced via the Best Track Change Committee (Landsea et al. 2004a, 2004b, 2008, 2012, Hagen et al. 2012, Kieper et al. 2016, and Delgado et al. 2018). NHC has traditionally disseminated the tropical cyclone historical database in a format known as HURDAT (short for HURricane DATabase – Jarvinen et al. 1984). This report updates the original HURDAT documentation to reflect significant changes since 2012 to both the format and content for the tropical cyclones and subtropical cyclones of the Atlantic basin (i.e., North Atlantic Ocean, Gulf of Mexico, and Caribbean Sea).nhc.noaa.gov
  7. 7Eastern Pacific Hurricanes 2026 Count Odds | Kalshi & Polymarketpredictmarketcap.com
  8. 8How many Eastern Pacific hurricanes will there be this year? — Kalshi voorspellingsmarkt-noteringen | CoinRithmcoinrithm.com

10. What historical data from past strong El Niño years, such as 1997 and 2015, supports NOAA's forecast for an above-normal 2026 season?

NOAA 2026 Forecast Probability (Above-Normal Season)70% [1]
NOAA 2026 Forecast for Hurricanes9-14 [1]
1991-2020 Average Hurricanes8 [1]
Historical El Niño data supports NOAA's above-normal 2026 hurricane forecast. Past strong El Niño years, specifically 1997 and 2015, showed Eastern Pacific hurricane counts exceeding the 1991–2020 climatological average of 8 hurricanes [1][2]. In 1997, there were 9 hurricanes, and in 2015, there were 13, figures that align with NOAA's 2026 projected range of 9–14 hurricanes [2][1].
El Niño events consistently correlate with heightened Eastern Pacific hurricane activity. Strong El Niño occurrences, such as those in 1997–1998 and 2015–2016, have historically led to increased activity across the Pacific, particularly in the Eastern Pacific [3][4][2]. A peer-reviewed analysis further confirms a greater number of East Pacific tropical cyclones, including more storms reaching hurricane strength and higher intensity, during El Niño periods compared to La Niña [5]. The strong El Niño of 1991–1992 also produced 14 hurricanes and 8 major hurricanes, surpassing the 1991–2020 averages of 8 hurricanes and 4 major hurricanes [2].
NOAA's 2026 outlook considers multiple global atmospheric conditions. The agency's May 21, 2026 Eastern Pacific outlook assigns a 70% probability for an above-normal season, predicting 15–22 named storms, 9–14 hurricanes, and 5–9 major hurricanes [1]. While historical El Niño analogs are supportive, NOAA stresses that global ocean-atmosphere conditions are comprehensively evaluated, not solely El Niño. This approach is exemplified by 2015's active season, which also reflected unusually warm ocean temperatures beyond the tropics [2][3]. Market pricing in September indicated high odds for 6–7 hurricanes in 2026 but lower odds for 10 or more, generally supporting an active season though not necessarily NOAA's upper forecast range [6][7].
Sources (7)
  1. 1Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  2. 2El Niño and Hurricanesusgs.gov
  3. 32015 State of the Climate: El Niño came, saw, and conqueredclimate.gov
  4. 4What is El Niño? | El Nino Theme Pagepmel.noaa.gov
  5. 5THE INTERANNUAL VARIABILITY OF HURRICANE...solberg.snr.missouri.edu
  6. 6Eastern Pacific Hurricanes 2026 Count Odds | Kalshi & Polymarketpredictmarketcap.com
  7. 7How many Eastern Pacific hurricanes will there be this year? — Kalshi Prognosemarkt-Quoten | CoinRithmcoinrithm.com

11. What Could Change the Odds

Key Catalysts

The Eastern Pacific hurricane season recorded 3 hurricanes by September 2, 2026, according to the NHC summary [1][2]. This count contrasts with NOAA's climatological baseline of 8 hurricanes per season, established from 1991–2020 data [3]. NOAA's May 21, 2026 outlook forecast 9–14 Eastern Pacific hurricanes, with a 70% probability for this range and a midpoint of 11.5 hurricanes [2][4][5]. This above-normal outlook was tied to expected strong, possibly very strong, El Ni c3
o conditions [2][5]. Expert commentary reports strong El Ni c3
o years average roughly 2–3 additional Eastern Pacific hurricanes compared to normal, with NOAA's seasonal ACE forecast at 120%–190% of median [2][5][3].
Prediction market evidence available through late August/early September indicated a record-like outcome was being priced, though models viewed the highest hurricane-count rungs as requiring an historically large late-season run [6]. Another report cited a 73% market price for more than 3 major hurricanes, not for the total hurricane count [6]. These are directional signals, not a reliable September 30 live quote [6]. The Eastern Pacific season officially runs May 15–November 30, with activity typically peaking in late August [6][3]. Prediction market contracts referenced in the analysis expire/settle December 1, 2026 [6]. By September 30, the primary remaining uncertainty is October–November formation, given the seasonal deadline of November 30 [6][3].
The base-case estimate for the final 2026 total is approximately 6 Eastern Pacific hurricanes, with a plausible range of 5–8 [1][2][6]. This analytical nowcast, not an official NOAA forecast, is based on NOAA's preseason distribution centered at 11.5 against the verified count of 3 by September 2, and a historical late-August analysis showing an average of 4.02 additional hurricanes after August 23 across 1971–2025 [1][2][6]. A bullish scenario envisions 7–9 or more hurricanes if El Ni c3
o remains unusually strong and October–November activity is sustained [6][5][3]. Conversely, a bearish scenario suggests 4–5 hurricanes if the late-season basin quiets and the observed pace remains below NOAA's high preseason midpoint [6][5][3]. The main market risk is that El Ni c3
o supports intensity/ACE without producing enough additional storms to reach upper hurricane-count brackets [6][5][3].

Key Dates & Catalysts

  • Expiration: December 08, 2026
  • Closes: December 01, 2026
Sources (6)
  1. 12026 Eastern Pacific Hurricane Seasonnhc.noaa.gov
  2. 2Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  3. 3Tropical Cyclone Climatologynoaa.gov
  4. 4Climate Prediction Center - Expert Assessments: East Pacific Hurricane Outlookcpc.ncep.noaa.gov
  5. 5El Niño expected to help spur intense hurricane and typhoon seasons in the North Pacific  » Yale Climate Connectionsyaleclimateconnections.org
  6. 6Hurricane Season Odds: AI Panel Vs Kalshi | OddsShopperoddsshopper.com