Listed close: Jan 12, 2027, 4:59 AM UTC. Settlement follows the provider's contract terms and may occur later.
This market will resolve to "Yes" if NOAA Coral Reef Watch's Bleaching Alert Area for the Main Hawaiian Islands virtual station reaches "Bleaching Alert Level 1" (or a higher alert level) on the Current Coral Bleaching Alert Level on any day within this market's timeframe (from market creation through December 31, 2026, 11:59 PM ET). Otherwise, this market will resolve to "No".
The Bleaching Alert Area for the Main Hawaiian Islands virtual station reaching Bleaching Alert Level 1 (or a higher alert level) on any single day within this timeframe is sufficient for a "Yes" resolution. For the purposes of this market, Bleaching Alert Level 1 corresponds to a Degree Heating Week (DHW) value of 4 or greater °C-weeks at the Main Hawaiian Islands virtual station, as calculated by NOAA Coral Reef Watch from the 90th-percentile daily HotSpot values within that station's boundary.
The primary resolution source for this market will be the "Bleaching Alert Area" reading on NOAA Coral Reef Watch's Main Hawaiian Islands virtual station gauge page (https://coralreefwatch.noaa.gov/product/vs/gauges/hawaii.php). If that page is unavailable or has not been updated, resolution will use NOAA Coral Reef Watch's own data for the Main Hawaiian Islands virtual station in any other format it publishes (for example, its regional virtual station time-series data files, available at https://coralreefwatch.noaa.gov/product/vs/data.php), which apply the same station-level methodology. Readings for individual 5km satellite pixels that are not aggregated to the Main Hawaiian Islands virtual station will not be used.
Only NOAA Coral Reef Watch readings dated within this market's timeframe (from market creation through December 31, 2026) can trigger a "Yes" resolution. If NOAA Coral Reef Watch data covering this timeframe has not been published by January 4, 2027, this market will remain open until January 11, 2027, or until such data is published, whichever comes first. If no NOAA Coral Reef Watch data covering any day within this market's timeframe is ever published, this market will resolve to "No".
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