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Climate · 5 markets

What will the peak RONI be for the 2026–27 El Niño?

Vol total$424
Vol 24h$388
Liquidity$1K
Resolves225d

Outcomes · most likely first

🎯
1.5–2.0
$138 vol
11.0%
chance
Yes 11¢ · No 89¢
🎯
Under 1.5
$130 vol
5.5%
chance
Yes 6¢ · No 95¢
🎯
Over 2.5
$59 vol
50.0%
chance
Yes 50¢ · No 50¢
🎯
2.0–2.25
$50 vol
16.0%
chance
Yes 16¢ · No 84¢
🎯
2.25–2.5
$47 vol
27.0%
chance
Yes 27¢ · No 73¢

Resolution rules

This market resolves based on the peak RONI — the single highest Regional Ocean Niño Index (RONI) value reported by NOAA's Climate Prediction Center (CPC) across the overlapping three-month seasons ASO 2026, SON 2026, OND 2026, NDJ 2026-27, and DJF 2026-27, as published in official NOAA CPC RONI updates (https://www.cpc.ncep.noaa.gov/products/analysis_monitoring/enso/roni/). See each individual market for its bracket and full resolution terms. This market may resolve immediately once NOAA has published a RONI value that determines the peak: the "Over 2.5" outcome resolves "Yes" as soon as any listed season reaches +2.5°C or above. Any other outcome will not be confirmed until NOAA publishes the DJF 2026-27 value, since RONI can still rise in a later season and DJF captures El Niño's typical peak-strength window. The first published RONI value for each listed season is final and governs resolution; no subsequent revision to a season's value will change the outcome once that season's first value has been published. If CPC's RONI dataset is permanently discontinued, other information from NOAA may be used.