Will the next Pacific hurricane form between August 27 and August 31, 2026?

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Headlines are matched on the names in “Will the next Pacific hurricane form between August 27 and A…”. Nobody checks them by hand, so one may not be relevant. They also say nothing about whether the price has already moved on this news.

How this market resolves

This market resolves based on when the next Pacific hurricane forms, as classified by the U.S. National Hurricane Center (NHC) for the Eastern Pacific basin or the Central Pacific Hurricane Center (CPHC) for the Central Pacific basin. The bracket containing the date of the first qualifying advisory will resolve "Yes", and all other brackets will resolve "No". Exactly one bracket will resolve "Yes". A tropical cyclone is considered a hurricane when it has maximum sustained winds of 74 mph or greater (Category 1 or higher on the Saffir-Simpson Hurricane Wind Scale). For this market, the "Pacific" comprises the Eastern Pacific basin and the Central Pacific basin as tracked by the NHC and CPHC. Systems classified as typhoons do not count. A system is considered to have "formed" as a hurricane at the date and time of the first NHC or CPHC public advisory that classifies a system in these basins as a hurricane. Resolution is based on that first advisory, regardless of any later downward revision or reclassification. The sole determinant of when the hurricane formed is the issuance timestamp of that first classifying advisory, not the estimated time at which the system's winds first reached 74 mph; for a system that straddles midnight between August 31 and September 1, 2026, the applicable bracket is determined solely by whether that advisory's issuance timestamp falls before or after 12:00 AM ET on September 1, 2026. The bracket "No Pacific hurricane will form in August 2026" will resolve "Yes" if no NHC or CPHC advisory classifies any Eastern Pacific or Central Pacific system as a hurricane at any time from 12:00 AM ET on August 13, 2026 through 11:59 PM ET on August 31, 2026. The resolution sources for this market are the U.S. National Hurricane Center (NHC), available here: https://www.nhc.noaa.gov/, and the Central Pacific Hurricane Center (CPHC), available here: https://www.nhc.noaa.gov/?cpac

Source: https://www.nhc.noaa.gov/