Tropical storms are given names as soon as they display a rotating circulation pattern and wind speeds of 39 miles per hour (63 kilometers per hour). A tropical storm develops into a hurricane when wind speeds reach 74 mph (119 kph). Hurricane season officially begins on June 1 and ends on November 30 each year. The lists of hurricane names for each season are chosen by the World Meteorological Organization (not The Old Farmer’s Almanac). The first storm in the 2022 season shall be named "Alex".

This market will resolve to "Yes" if the 1st named storm in 2022 (Alex) for the NOAA Atlantic/Caribbean/Gulf of Mexico Region forms within the market's timeframe and to "No" otherwise.

This market timeframe spans from May 10, 2022 12:00:00 PM ET to May 31, 2022 11:59:59 PM ET. The resolution source is NOAA's National Hurricane Center, currently listing all named tropical systems for 2022 at https://www.nhc.noaa.gov/archive/2022/.

This market may resolve to "No" only if by June 1, 12:00 PM ET, it was not reported that Alex formed within the market's timeframe. It may not resolve to "No" before June 1, 12:00 PM ET.

Will there be a named tropical system (storm, hurricane) Alex that forms by May 31, 2022?

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