What are the odds of "Will it rain in New Orleans on Aug 24, 2026?"?

The live Kalshi market currently prices this at 84%, meaning traders collectively imply about a 84% 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 Orleans on Aug 24, 2026?

New Orleans

84%

implied chance of YES

Recorded price path

This is a live Kalshi event contract. The price, 84 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.

Priced about right

KALSHI CHARGES

83¢

MARKETS LIKE THIS SETTLED AT

84¢

Contracts like this one have settled YES 84.4% of the time against a 83c price, which is close enough to fair that the 1c fee eats whatever is left. Based on 538 settled markets across all categories in the 80-89c 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).

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 80–89¢ have gone on to settle YES 84% of the time (n=538). 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 →

More live Weather markets

Will it rain in Phoenix on Aug 24, 2026?99%Will the maximum temperature be >87° on Aug 24, 2026?10%Will the maximum temperature be 86-87° on Aug 24, 2026?14%Will the maximum temperature be 84-85° on Aug 24, 2026?41%Will the maximum temperature be 82-83° on Aug 24, 2026?33%

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