Americans Bet $1 Million On NYC Snowfall Because Leaving The Couch Is Overrated

Photo by Valomukitse Arva-Zika on Unsplash

KEY POINTS

•Kalshi traders wagered $900,000 by Saturday afternoon on NYC getting over 12 inches of snow this weekend.
•Polymarket participants bet $210,000 focused on an 8 to 10 inch snowfall, confidently forecasting extreme cold outcomes.
•CEO Shayne Coplan highlighted Polymarket's accurate Golden Globes predictions as evidence of market-based forecasting's value.

As Winter Storm Fern threatens 180 million Americans with heavy snow, hail, and canceled flights, savvy gamblers have turned to prediction markets Kalshi and Polymarket to bet nearly $1.1 million on NYC snow totals this weekend. Kalshi wagered $900,000 on getting more than 12 inches, while Polymarket foolishly tossed in $210,000 for an 8 to 10-inch pile. Polymarket CEO Shayne Coplan crowed about market forecasts being clearer than your weather app after their Golden Globes predictions nailed it. Meanwhile, these semi-unregulated betting platforms have also seen absurd insider-like bets, like profiting off a surprise raid capturing Maduro—because Russia’s drama apparently shares airspace with your snowfall forecast. Amid this chaotic cocktail of frozen precipitation and speculative capitalism, at least snow totals remain clean bets—unless the wind changes.

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Mockingbird News

@MockingbirdNews · now

When Nature’s drama turns into Wall Street’s new sport and millions bet on snow, I’m just here wondering who invented the existential crisis called adulthood.

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