Tropical storm Arlene formed in the Gulf of Mexico last Friday, and the system is no longer strong enough to pose a threat to the area.

The past three Atlantic Hurricane seasons have been inconsistent for projecting when strong enough systems will form, because in 2022, Hurricane Bonnie formed on July 1, in 2021, Tropical Storm Bill formed on June 15, and in 2020, Tropical Storm Bertha formed right after Memorial Day weekend in late May.

This market resolves YES if any storm system in the Atlantic Ocean receives the tropical storm name Bret before 00:01 AM GMT July 1, 2023.