Snow, ice and hurricanes: Prediction markets offer money-making wagers on climate change

Snow, ice and hurricanes: Prediction markets offer money-making wagers on climate change

The odds were almost evenly split early Monday afternoon: Would Denver’s high temperature reach 71 to 72 degrees? Higher? Lower?  By the end of the day, people wagered over $90,000 on the question, hoping to win money by watching the weather using one of the leading prediction market platforms, Kalshi. These platforms, where people go to make bets on the outcomes of current events, are raking in profits as people try to make a quick buck betting…