Americans Are Betting On How Much It’s Going To Snow In NYC, DC As Winter Storm Fern Paralyzes Normal Life

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.

Polymarket, based on Polygon 

Full story available on Benzinga.com