Prediction markets are betting actively on snowfall totals in major cities amid a brutal winter storm that has led to widespread power outages and grounded thousands of flights.
How Much Snow Will NYC Really See?
On Polymarket, more than $700,000 has been wagered on a market predicting how many inches of snow New York City will receive during the weekend.
As of this writing, punters see a 47% chance that total snowfall falls between 10 and 12 inches. The resolution source for this market will be the National Oceanic and Atmospheric Administration.
In Washington, D.C., a similar contract showed bettors assigning the highest odds, at 56%, to an outcome of 5–7 inches of snowfall in the federal capital.