What are the odds of "Will it rain in New York City on Aug 16, 2026?"?

The live Kalshi market currently prices this at 94%, meaning traders collectively imply about a 94% chance of YES. Prices move continuously as new information arrives.

Where does this number come from?

It's the live price of the Kalshi event contract, which trades between 1 and 99 cents. A price of 60 cents implies a 60% chance. ContractTax reads the public market price and adds price history and context.

Live odds / Weather

Will it rain in New York City on Aug 16, 2026?

New York City

94%

implied chance of YES

Recorded price path

This is a live Kalshi event contract. The price, 94 cents, is the market’s implied probability of YES. Whether that number is well-calibrated is its own question: our Truth Machine measures how often markets at each price level actually settle YES. Confirm live prices on Kalshi before trading.

The crowd may be overcharging for this

KALSHI CHARGES

95¢

MARKETS LIKE THIS SETTLED AT

89¢

AFTER THE 1¢ FEE

-5¢

Contracts like this one have settled YES only 88.5% of the time, and the crowd is charging 95c. Based on 288 settled markets across all categories in the 90-99c band (we do not yet hold enough weather history to price this by category, so this is the market-wide curve and is weaker evidence). Buying this systematically has been a slow bleed, and the 1c fee makes it worse.

This is what this kind of contract has been worth, not a forecast for this one: a band average does not know what is happening in the news. See the Fair Value Board for every market scored this way, or the weather curve it came from.

What history says about this price

Across our settled record, markets priced near 90–99¢ have gone on to settle YES 89% of the time (n=288). The price implies 94%, so historically this band has come in about 5 points lower than the sticker. That is history, not a forecast for this specific market. See the Truth Machine for the full curve.

See the full field for this event →

Embed this on your site

<iframe src="https://www.contracttax.com/embed/odds/KXRAIN-26AUG16-NYC" width="340" height="160" style="border:0;overflow:hidden" title="Will it rain in New York City on Aug 16, 2026? - live odds"></iframe>
<a href="https://www.contracttax.com/odds/KXRAIN-26AUG16-NYC">Live odds by ContractTax</a>

Live-updating, free to use. The widget refreshes on its own; the caption link is appreciated and helps others find the source.

Vet this trade →More live odds

Odds reflect the live Kalshi market and move continuously. Educational only, not financial advice. Not affiliated with Kalshi.