NEWS: Winter storm draws bets on Polymarket, Kalshi

Here’s a new one: You can now short-sell a blizzard, thanks to wildly popular prediction markets like Kalshi and Polymarket. And utilities might want to pay attention as retail traders turn the Weather Channel into a sportsbook—power companies are reportedly playing the $25B weather derivatives market to hedge against the prospect of, for example, a mild winter. Is that a bet you’d take?

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