Will there be at least 3 VEI4 eruptions worldwide in 2026
Leader sits at 13% across 3 bound outcomes, runner-up at 12%. This is a winner-take-all market — the headline is the leader’s price, not an arithmetic mean.
Leader probability
At least 2
Outcomes
3
winner-take-all
Runner-up
12¢
At least 1
Spread
1pp
contested
24h volume
$0
thin orderbook
Closes
Jun 29, 2027
370 days
Venue
Kalshi
3 bound
30-day trend
Bracket family
How the bracket ladder is priced.
Each row is one outcome on the venue. Sorted by 24h volume — the heaviest book is at the top.
Cluster 1
Will there be at least
Will there be at least 1 VEI4 eruptions worldwide in 2026?: At least 1
KXVEI4-26DEC31-A1
Will there be at least 3 VEI4 eruptions worldwide in 2026?: At least 3
KXVEI4-26DEC31-A3
Will there be at least 2 VEI4 eruptions worldwide in 2026?: At least 2
KXVEI4-26DEC31-A2
Analysis
This tracks the probability that the world experiences three or more volcanic eruptions reaching VEI4 magnitude—explosivity index 4, capable of regional ash fall—during 2026. The 6% probability reflects the rarity of such events; since 1950, fewer than one VEI4 eruption occurs annually on average. The current level is driven by baseline volcanic frequency and whether any existing volcanic systems show elevated activity. As of mid-June 2026, resolution depends on monitoring data from known volcanic hotspots including the Ring of Fire and Mediterranean regions. Any new major eruption would increase the likelihood of reaching the three-event threshold by year-end. The primary uncertainty is whether precursory seismic or geochemical signals indicate imminent eruptions at currently monitored volcanoes.
- ›Historical VEI4 frequency averages approximately 0.9 eruptions annually worldwide, making three occurrences in a single year a statistical outlier
- ›Current volcanic activity status at major monitoring networks (USGS, Smithsonian GVN) determines baseline risk for the remaining six months of 2026
- ›Existing or emerging eruptions already in progress or showing elevated precursory activity would proportionally increase the conditional probability of additional events
- ›Geographic clustering effects mean eruptions often correlate with regional tectonic cycles, potentially enabling multiple VEI4 events within a short timeframe
- ›Real-time seismic and gas-emission monitoring data from Ring of Fire and convergent plate boundaries provides the most predictive signal for imminent major eruptions
What moved the line
- Jun 21At least 1↓20pp32→12¢ · Kalshi
- Jun 17At least 2↓11pp22→11¢ · Kalshi
- Jun 23At least 2↑10pp3→13¢ · Kalshi
- Jun 21At least 2↓8pp11→3¢ · Kalshi
- Jun 17At least 1↓6pp38→32¢ · Kalshi
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These markets stopped trading. Last odds and any captured outcome are shown above — full settlement detail lives at the venue.
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How we compute these odds
SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.
For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.
Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.
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