Through prediction markets people are betting big money on climate disasters
Public libraries and local police stations handed out face masks. And over on Polymarket, people placed their bets on when New York’s dangerous air quality would improve, wagering nearly US$54,000 in three days.Prediction markets make it exceptionally easy for users to gamble on the outcome of real-world events. These online platforms – led by the two biggest, Polymarket and Kalshi – have exploded in popularity over the past year.
- ▪Public libraries and local police stations handed out face masks.
- ▪And over on Polymarket, people placed their bets on when New York’s dangerous air quality would improve, wagering nearly US$54,000 in three days.Prediction markets make it exceptionally easy for users to gamble on the outcome of real-world
- ▪These online platforms – led by the two biggest, Polymarket and Kalshi – have exploded in popularity over the past year.
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Open this photo in gallery:When heavy smoke from Ontario's wildfires drifted down south people on Polymarket placed their bets on when New York’s dangerous air quality would improve, wagering nearly US$54,000 in three days.Eduardo Munoz/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe heavy smoke from Ontario wildfires drifted down to New York City last week and turned the sky a hazy orange. Pickup soccer games were cancelled. Public libraries and local police stations handed out face masks. And over on Polymarket, people placed their bets on when New York’s dangerous air quality would improve, wagering nearly US$54,000 in three days.Prediction markets make it exceptionally easy for users to gamble on the outcome of real-world events.
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