The number of tornadoes will be determined by the "Storm Reports Legend" shown in the bottom left corner of the "Preliminary Report Summary."
Note: this event is directional.
Timeline and payout
Market openMay 20, 2026 · 10:00am EDT
Market closesJun 30, 2026 · 11:59pm EDT
Projected payoutJul 1, 2026 · 11:00am EDT
SeriesKXTORNADO
EventKXTORNADO-26JUN
MarketKXTORNADO-26JUN-25
Insider trading is prohibited
The following are prohibited from trading this contract:
Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
The United States has experienced a record-breaking month of tornadoes in May 2024, with over 500 reported, significantly surpassing the average of 275 for the month. This surge in tornadoes has resulted in fatalities and widespread destruction across multiple states, including Arkansas, Iowa, Kentucky, Oklahoma, and Texas. Historically, May is the peak month for tornadoes, followed closely by June, which is also a period of high tornado activity. The frequency of tornadoes is influenced by the jet stream, which provides the necessary wind shear for thunderstorms to produce tornadoes, making the spring and early summer months particularly prone to tornadoes.