"The NYC snowstorm market is @Kalshi's largest ever climate market, a spokesperson tells me, with more than 17,000 traders participating and $5.3m in volume. One New York-local trader I talked to got his edge by measuring snowfall on a parked car. pic.twitter.com/VP1HOFXUqr - Nick Devor (@nickdevor_) January 26, 2026"
"The company began accepting bets on the snowfall across its prediction market, with a focus on inch counts ranging between two inches and two feet. Ahead of the snow beginning to fall, the region of New York City and New Jersey was predicted to see somewhere between eight to 14 inches of snow, depending on the actual location. The Kalshi market asked people the question 'Snow in New York City from Jan 24-26?' with the outcome detailed as being verified through the National Weather Service which measures snowfall in NYC at Central Park."
Kalshi opened a prediction market for New York City snowfall for Jan 24–26 with outcomes verified by the National Weather Service measurement at Central Park. The market offered inch-count outcomes ranging from two inches to two feet. Trading activity reached about 17,418 participants and roughly $5.1–$5.3 million in volume as of January 26. Forecasts ahead of the event placed expected snowfall between eight and 14 inches across the New York City and New Jersey region, varying by location. Some participants called the market misleading because resolution was tied specifically to Central Park rather than citywide totals. Polymarket recently declined a payout on a Venezuela invasion bet amid wording-interpretation disputes.
#kalshi #prediction-markets #new-york-city-snow #central-park-measurement #market-resolution-disputes
Read at ReadWrite
Unable to calculate read time
Collection
[
|
...
]