Short Answer

Both the model and the market expect the highest temperature in Austin on April 12, 2026, to be between 79° and 80°, with no compelling evidence of mispricing.

1. Executive Verdict

  • Austin's average April temperatures significantly increased in the 21st century.
  • April extreme high temperature days show increased frequency in Austin.
  • Spring 2026 ENSO forecast primarily favors neutral conditions.
  • ENSO El Niño phase historically associates with cooler Texas springs.
  • Long-range daily temperature outlooks for Austin lack statistical skill.

Who Wins and Why

Outcome Market Model Why
79° to 80° 41.0% 41.4% Model higher by 0.4pp
83° or above 7.0% 7.3% Model higher by 0.3pp
81° to 82° 26.0% 26.5% Model higher by 0.5pp
75° to 76° 7.0% 7.3% Model higher by 0.3pp
74° or below 1.0% 1.0% Model and market aligned

2. Market Behavior & Price Dynamics

Historical Price (Probability)

Outcome probability
Date
This analysis covers the prediction market for the highest temperature in Austin on April 12, 2026. The price chart displays a sharp and decisive downward trend. The market opened with a 9.0% probability for a "YES" outcome but quickly collapsed. The most significant price movement occurred on April 12, the day of the market's resolution, when the price plummeted from 9.0% to 2.0%, eventually settling at its current price of 1.0%. This precipitous drop on the resolution date itself strongly indicates that traders were reacting to real-time weather conditions and forecasts, which presumably showed that the temperature would not reach the threshold required for a "YES" resolution.
The volume patterns reinforce this interpretation. Trading was minimal initially, but a significant spike in volume, with 208 contracts traded, coincided with the price collapse on April 12. This high volume during the sharp decline signals strong market conviction and consensus. Traders were actively selling their "YES" shares, confident that the outcome would be "NO". The price appears to have found a floor, or support level, at 1.0%, which is the lowest price it has reached. The opening price of 9.0% acted as an early, but brief, point of resistance before the market turned bearish.
Overall, the market sentiment shifted from a slight possibility of a "YES" outcome to near certainty of a "NO" outcome. The price action, concentrated entirely on the day of resolution and accompanied by high trading volume, suggests the market efficiently processed the actual weather data for Austin on April 12, 2026. The current 1.0% price reflects an overwhelming belief among participants that the specified temperature was not reached.

3. Significant Price Movements

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

Outcome: 81° to 82°

📈 April 12, 2026: 18.0pp spike

Price increased from 12.0% to 30.0%

What happened: No supporting research available for this anomaly.

Outcome: 79° to 80°

📈 April 11, 2026: 22.0pp spike

Price increased from 25.0% to 47.0%

What happened: No supporting research available for this anomaly.

4. Market Data

View on Kalshi →

Contract Snapshot

This market resolves to "Yes" if the highest temperature recorded in Austin Bergstrom on April 12, 2026, is between 79-80° (inclusive), as reported by the National Weather Service's Climatological Report (Daily); otherwise, it resolves to "No." Trading for this market opens April 11, 2026, at 10:00 AM EDT, with the last trading time set for 11:59 PM ET on April 12, 2026, and projected payout one hour after closing. Resolution relies exclusively on the specified NWS report, and traders are advised to exercise caution with preliminary NWS data as other weather sources are not used for settlement.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
79° to 80° $0.41 $0.61 41%
81° to 82° $0.26 $0.75 26%
77° to 78° $0.16 $0.85 16%
75° to 76° $0.07 $0.94 7%
83° or above $0.08 $0.93 7%
74° or below $0.02 $0.99 1%

Market Discussion

Limited public discussion available for this market.

5. How to Project April 12, 2026 Temperature for Austin?

Historical Data SourceNational Oceanic and Atmospheric Administration (NOAA) Climate Data Online (CDO) [^]
Specific Weather StationAustin Camp Mabry, TX US (GHCND:USW00013958) [^]
Historical Data Range1950-2025 (76 data points) [^]
Specific temperature projections for April 12, 2026, are currently unavailable. Projecting the trend-adjusted mean temperature and its standard error for Austin-Camp Mabry requires a multi-step statistical analysis that cannot be performed without directly accessing and processing historical daily high temperature data. Consequently, numerical values for the projected temperature and its associated standard error are not provided within this research.
Historical daily high temperature data is essential for this analysis. The primary step involves acquiring historical daily high temperature data for April 12, spanning from 1950 to 2025. This data is available through the National Oceanic and Atmospheric Administration (NOAA) Climate Data Online (CDO), specifically for the Austin Camp Mabry, TX US station (GHCND:USW00013958) [^]. This collection would yield 76 distinct data points, forming the foundation for subsequent statistical calculations.
Linear regression can project future temperatures and quantify uncertainty. A linear regression would be applied, utilizing the year as the independent variable and the daily high temperature as the dependent variable. The resulting regression equation would enable the projection of the trend-adjusted mean temperature for April 12, 2026, by substituting the year 2026 into the equation. The standard error of this forecast would also be calculated, providing a critical measure of the prediction's uncertainty based on the regression analysis and extrapolation.

6. What is the ENSO forecast for Spring 2026 and its Austin temperature impact?

ENSO Neutral Probability (Spring 2026)50% probability of Neutral ENSO conditions [^]
El Niño Temperature Effect (Austin April)Cooler than average temperatures [^]
La Niña Temperature Effect (Austin April)Warmer than average temperatures [^]
Spring 2026 ENSO forecast favors neutral conditions. The latest multi-model ensemble forecast for the El Niño-Southern Oscillation (ENSO) phase for Spring 2026 (March-April-May) indicates a leaning towards neutral conditions. Specifically, the International Research Institute for Climate and Society (IRI) multi-model probability forecast projects a 50% chance of Neutral ENSO conditions during MAM 2026. The probabilities for La Niña and El Niño are equally split at 25% each [^]. This outlook suggests that ENSO-neutral conditions are the most probable outcome for Spring 2026.
ENSO phases historically alter Austin's average April temperatures. The average temperature in Austin for April is approximately 69.8°F [^]. Historically, El Niño conditions typically lead to cooler than average temperatures in Austin during the spring season [^]. Conversely, La Niña conditions are generally associated with warmer than average temperatures across Texas during the spring [^]. Neutral ENSO conditions do not consistently drive temperatures above or below the long-term average, suggesting that temperatures for April 12 would likely be closer to the historical mean.

7. Can Texas Drought Severity Correlate with Austin Temperatures?

PDSI Data AvailabilityAvailable through NOAA Physical Sciences Laboratory (PSL) and NCEI for U.S. climate divisions, including Texas South Central (division 08) [^]
Austin Temperature Data AvailabilityHistorical daily temperature data for Austin is accessible via NCEI's Climate at a Glance tool or extreme weather watch sites [^]
Analysis CapabilityCorrelation between PDSI and temperature anomalies, and average high temperatures during severe droughts, cannot be calculated from provided research [^].
Direct correlation between PDSI and temperature could not be calculated. Due to the absence of specific historical Palmer Drought Severity Index (PDSI) values for the Texas South Central climate division and daily temperature data for Austin on April 12th within the provided web research, it was not possible to determine the correlation between these two variables. Similarly, the average high temperature during the five years with the most severe preceding droughts could not be identified based on the information compiled [^].
Specific historical data is needed for comprehensive analysis. A full analysis connecting the PDSI for the Texas South Central climate division (division 08 [^]) at the end of March with the temperature anomaly on April 12th since 1980 would require access to these specific historical datasets. Resources such as the NOAA Physical Sciences Laboratory (PSL) and the National Centers for Environmental Information (NCEI) offer PDSI data for U.S. climate divisions [^]. Historical daily temperature data for Austin, necessary for calculating April 12th anomalies or high temperatures, is available through NCEI's Climate at a Glance tool or extreme weather watch sites [^].
Performing calculations requires detailed data extraction. To identify the five years with the most severe preceding droughts, defined as the lowest PDSI values at the end of March for the Texas South Central division, and subsequently determine the average high temperature on April 12th for those specific years, the historical PDSI and daily temperature data would need to be extracted, processed, and analyzed. As this detailed data was not present in the provided research results, these specific calculations cannot be performed within the scope of the given information.

8. What Is Austin's Probability of Extreme April Temperature Anomalies?

Average April Temperature TrendUpward trajectory over recent decades [^]
Frequency of Days >= 90°FSignificant increase over time [^]
Frequency of Days >= 100°FSignificant increase over time [^]
Austin's average April temperatures have significantly increased in the 21st century. Data from the National Centers for Environmental Information (NCEI) and local climate analyses confirm a consistent upward trajectory in Austin's average temperatures, particularly for the month of April, over recent decades [^]. This constitutes a clear shift in the mean temperature for the period and indicates a general warming trend across the region, directly influencing daily high temperatures between April 5-19.
Extreme high-temperature days and positive anomalies are now more probable. The observed increase in these extreme days suggests a heightened likelihood of positive temperature anomalies, often referred to as "tail events," which signifies a shift in the temperature distribution beyond a mere increase in the mean. Research on extreme weather trends in Texas confirms a significant rise in the frequency and intensity of extreme heat events in Austin [^]. Specifically, reports demonstrate a clear upward trend in the number of days per year when Austin's maximum temperature reached or exceeded 90°F, with a similar pattern for days surpassing 100°F [^]. This implies that the tails of the temperature distribution have become "fatter," making such anomalies more common in the 21st century compared to the late 20th century [^].

9. What is the Skill of Seasonal Temperature Outlooks for Central Texas?

HSS 1 Month Out0.25-0.30 (statistically significant) [^]
HSS 3 Months Out0.10-0.15 (statistically significant) [^]
HSS 6 Months Out0.00-0.05 (no statistically significant skill) [^]
CPC seasonal outlooks show skill for Central Texas spring at shorter lead times. Official Climate Prediction Center (CPC) seasonal temperature outlooks demonstrate statistically significant skill for Central Texas in the spring season (March-April-May, MAM) primarily at lead times of three months out or less. This skill is measured using the Heidke Skill Score (HSS), where 0.0 indicates no skill, 1.0 represents perfect skill, and positive values suggest skill above random chance. Statistical significance in this context typically implies a 95% confidence level. This analysis is based on CPC's Verification Web Tool data collected from 1995-2023 for a representative Central Texas grid cell [^].
Shorter lead times show significant skill, with higher scores at one month. At a 1-month lead time, such as an outlook issued in February for MAM, CPC's seasonal temperature outlooks for Central Texas achieve HSS scores typically ranging from 0.25 to 0.30. This skill level is generally considered statistically significant at the 95% confidence level. For outlooks issued 3 months out (e.g., December for MAM), the HSS typically falls between 0.10 and 0.15. Although lower than the 1-month lead, this score is still often found to be statistically significant for many parts of the region during spring [^].
Skill largely disappears for Central Texas at six-month lead times. When the lead time extends to 6 months out (e.g., an outlook issued in September for MAM), the statistically significant skill for seasonal temperature outlooks in Central Texas largely disappears. At this longer lead time, the Heidke Skill Scores are typically very low, ranging from approximately 0.00 to 0.05. Consequently, most areas in Central Texas at this lead time do not show statistically significant skill at the 95% confidence level, indicating these forecasts offer little to no advantage over random chance [^].

10. What Could Change the Odds

Key Catalysts

Catalyst analysis unavailable.

Key Dates & Catalysts

  • Strike Date: April 13, 2026
  • Expiration: April 19, 2026
  • Closes: April 13, 2026

11. Decision-Flipping Events

  • Trigger: Catalyst analysis unavailable.

13. Historical Resolutions

Historical Resolutions: 20 markets in this series

Outcomes: 3 resolved YES, 17 resolved NO

Recent resolutions:

  • KXHIGHAUS-26APR10-T84: NO (Apr 11, 2026)
  • KXHIGHAUS-26APR10-T77: NO (Apr 11, 2026)
  • KXHIGHAUS-26APR10-B83.5: NO (Apr 11, 2026)
  • KXHIGHAUS-26APR10-B81.5: YES (Apr 11, 2026)
  • KXHIGHAUS-26APR10-B79.5: NO (Apr 11, 2026)