? Getting rich off the storm
Illustration: Aïda Amer/Axios
9,300+ flights across the U.S. have been canceled today and tomorrow, with 140 million people (40% of the country) under a winter storm warning from New Mexico to New England.
Misery, border to border. But some online gamblers will make a few extra bucks, Axios' Nathan Bomey writes:
❄️ Everyday Americans are increasingly studying weather models, then betting through prediction markets:
On Kalshi, more than $170,000 had been wagered on how many inches of snow New York will get this weekend. 27% of traders were betting on 15+ inches.
A similar market on Polymarket had nearly $80,000 in contracts, with 31% predicting 14+ inches.
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