| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| Above 1 inch | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 2 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 3 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 4 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 5 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 6 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 7 inches | 0% | 0¢ | 0¢ | — | $0 | Trade → |
This market tracks the total recorded precipitation in Houston, Texas, throughout the month of April 2026. It provides a localized look at regional climate variability and serves as a financial instrument for those tracking meteorological trends.
Houston typically experiences a transition period during April as it moves toward its warmer, wetter summer months. While spring storms are historically common, the specific volume of rainfall can vary significantly based on large-scale atmospheric patterns and the presence of localized convective weather systems. The outcome is determined by official meteorological data reported for the Houston area.
The market prices reflect the collective anticipation of how wet or dry the specific month will be relative to historical averages and current long-range climate forecasts.
The official settlement typically relies on data from the National Weather Service (NWS) or relevant NOAA weather stations located within the Houston metropolitan area.
The market tracks the accumulated total precipitation in inches as recorded by the designated official observation station for the entire calendar month of April 2026.
Extreme weather events count toward the total accumulation; the market settles based on the total volume of precipitation reported, regardless of the severity or nature of the weather events.
Markets of this type usually specify a primary observation point, such as George Bush Intercontinental Airport (IAH) or William P. Hobby Airport (HOU), to ensure a standardized, verifiable data source.
April represents a volatile transitional period in Texas, often characterized by the clash of cool air masses from the north and warm, humid air from the Gulf of Mexico, which frequently triggers rain.