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Science, strategy and field notes on Polymarket weather markets.

Frequently asked questions

What is DEMFI?+

DEMFI is a weather forecast analytics platform built for Polymarket temperature prediction markets. We combine 14 numerical weather prediction models (ECMWF, GFS, ICON, JMA and more) with a real-time bias correction layer to produce daily probability forecasts for 50+ cities worldwide.

What is a Polymarket weather market?+

Polymarket runs daily prediction markets on the maximum temperature of major cities. Each market is split into buckets (for example 74–75°F, 76–77°F in the US, or 21°C, 22°C elsewhere). Traders buy YES or NO shares on whichever bucket they think the city will land in — prices move with the probability implied by the crowd.

What is forecast bias, and why does it matter for Polymarket?+

Forecast bias is a systematic offset between what a model predicts and what actually happens — for example, a model that consistently calls temperatures 1°C colder than reality. Even with a low mean absolute error, a biased model pushes traders toward the wrong bucket every day. DEMFI's V1 Markov correction removes most of that bias in real time.

How accurate are DEMFI forecasts at 24-hour lead time?+

On a representative city like Milan over the last 30 days, DEMFI's V1-corrected forecast hits a mean absolute error of 0.77°C and an R² of 0.93 at 24-hour lead time, with near-zero bias. Accuracy varies by city and weather regime — the full public track record is available at demfi.io/track-record.

Do I need to be a meteorologist to use DEMFI?+

No. DEMFI publishes ready-to-read probability distributions for each Polymarket bucket, plus edge and safebet signals comparing our probabilities to current market prices. The platform is built for prediction-market traders, not for meteorologists — the blog series explains the underlying science in plain language for anyone who wants to go deeper.

Blog | DEMFI