The recent snowstorm in New York City surprisingly led to the biggest of Kalshi climate-related marketaccording to a report, but not everyone is happy with the result. This also happens a few weeks later Polymarket refused to pay out bets on the question of whether the The American army would invade Venezuelahighlighting disputes over how the wording has been interpreted.
The editor Barrons According to a spokesperson, the snowstorm market is the largest weather-related market the Kalshi platform has ever seen, with 17,418 traders trading $5.1 million in the market as of early Monday afternoon (January 26).
The snowstorm market in New York is @KalshiThe largest climate marketplace ever, a spokesperson told me, with more than 17,000 participating traders and $5.3 million in volume.
A New York businessman I spoke to took advantage of measuring snowfall on a parked car. pic.twitter.com/VP1HOFXUqr
– Nick Devor (@nickdevor_) January 26, 2026
The company began accepting bets on snowfall in its forecast market, focusing on the number of inches between two inches and two feet. Before the snow started falling, the New York and New Jersey area was expected to see between eight and 14 inches of snow, depending on the actual location.
Kalshi Market asked the question “Snow in New York January 24-26?” the result being detailed as having been verified by the National Weather Service which measures snowfall in New York’s Central Park.
New York Snowfall in Central Park-Focused Forecast Markets
In the comments, however, some people suggested that it was “misleading” because they didn’t know it would only focus on the snow in Central Park.
I traded in the New York snow market on Kalshi. At the time of writing, its volume was 3 mm. Polymarket has a total volume of around $550,000. From what I can tell, they have the same resolution requirements (would love to be verified on this).
You might think that higher volume = more…
– SurfShopCapital (@SurfShopCapital) January 26, 2026
In a comment, left under the original market, someone said: “I feel bad for all the newbies who read the headline and bet on snow in New York. There was over 12″ of snow in New York, but not in the only place that matters…”
They went on to say that the title should have included “in Central Park NYC” to make it clearer.
Others, however, in the comments section on Kalshi, suggested people read the rules.
It wasn’t just Kalshi that allowed people to bet on the weather event, as Polymarket also opened similar markets with the headline “How many inches of snow in New York this weekend?” » (January 24-26).’
In the first line of Polymarket’s rules, they state that the market will resolve based on the total snowfall in Central Park, New York, according to the National Oceanic and Atmospheric Administration. Further in the rules they mention that it will again be focused on the Central Park area.
Featured Image: Via Ekahbishek on Wikimedia Commons, CC 2.0
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