If the minimum temperature recorded at Miami for Jan 16, 2026, is less than 38° fahrenheit according to the National Weather Service's Climatological Report (Daily), then the market resolves to Yes. Data for CLIMIA can be found by clicking the following URL: https://www.weather.gov/wrh/Climate?wfo=mfl, navigating to the "Observed Weather" tab, and choosing the location "Miami, FL" with Daily Climate Report selected. Please use the latest version of the data for the desired date, keeping in mind that different cities update their reports at different frequencies. Not all weather data is the same. While checking a source like AccuWeather or Google Weather may help guide your decision, the official and final value used to determine this market is the highest temperature as reported by the corresponding NWS Climatological Report (Daily) linked in the rules above. Preliminary NWS reporting and measurement methods may be subject to underlying rounding and conversion nuances. Traders should exercise caution when interpreting preliminary NWS data. The Last Trading Time will be 11:59 PM ET on January 16, 2026 regardless of any data releases or events occurring. Expiration will occur on the sooner of the first 7:00 or 8:00 AM ET following the release of the data for January 16, 2026, or one week after January 16, 2026.