This market predicts whether the National Oceanic and Atmospheric Administration (NOAA) will name fewer than 16 storms during the Atlantic hurricane season from June 1 to November 30. The event is resolved to "Yes" if NOAA names fewer than 16 storms, and to "No" if 16 or more storms are named during this period. Storms that form before the designated period but remain active during it will count towards this market's resolution. If a potential storm hasn't been classified by November 30, the market may remain open until December 1 to determine if classification occurred prior to midnight. The market resolves based on NOAA's list of named storms during the Atlantic hurricane season.