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WON climate
Will the minimum temperature be 76-77° on May 10, 2026?
The Setup
This market asks if Miami's daily minimum temperature will land in a narrow 76-77°F window on May 10. Early forecasts projected a low of 77°F, anchoring traders to a YES resolution. However, live morning observations have completely shifted the meteorological reality, making this narrow bin highly improbable.
At 4:42 AM on May 10, Miami was sweltering at 80°F, effectively closing the morning window for a 76-77°F low and leaving YES bettors praying for a perfectly calibrated evening thunderstorm.
Market
86c
Our Estimate
85-95c
Edge
+4c
Bull Case
The strongest argument against a YES resolution is the live observation data from the morning of May 10. At 4:42 AM EDT, the temperature at Miami International Airport (KMIA) was 80°F. With sunrise at 6:37 AM EDT, the window for radiational cooling has effectively closed. The temperature has only dropped one degree since midnight, making a further 3-4 degree drop before sunrise meteorologically implausible.
Furthermore, the official NWS updated point forecast issued early on May 10 revised the overnight low upward to 81°F. This means the morning minimum will miss the target 76-77°F bin entirely on the high side. For the market to resolve YES, the daily minimum must now be set during the late afternoon or evening hours.
Finally, relying on an evening thunderstorm to hit a narrow 2-degree bin is a statistically losing proposition. While commercial forecasts show up to a 75% chance of afternoon rain, evaporative cooling is highly volatile. With a dewpoint of 73°F, a direct thunderstorm hit is just as likely to crash the temperature down to 74-75°F, overshooting the target bin and still resulting in a NO resolution.
Bear Case
The primary path to a YES resolution relies on a perfectly timed and calibrated afternoon or evening thunderstorm. If a convective storm passes directly over the KMIA sensor later today, evaporative cooling could rapidly drop the ambient temperature from the 80s or 90s down into the 70s.
If this rain-cooled downdraft is moderate—strong enough to break the 80°F morning low but not severe enough to push temperatures all the way down to the 73°F dewpoint floor—the daily minimum could stall exactly in the 76-77°F range before the midnight cutoff.
Additionally, early NWS point forecasts from May 9 explicitly targeted a low of 77°F. If the morning observations of 80°F were anomalous or if a sudden, unforecasted cold pool developed just before sunrise, the temperature could have briefly clipped 77°F, securing a YES resolution before the day even truly began.
What Could Go Wrong
IF a moderate evening thunderstorm strikes KMIA and drops the temperature exactly into the 76-77°F range before midnight, THEN the market will resolve YES.
IF the KMIA ASOS sensor recorded a brief, unforecasted drop to 77°F just before sunrise despite the 80°F reading at 4:42 AM, THEN the morning low will secure a YES resolution.
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