Stormbound residents of North Jersey can wager real money on how much snow will fall during the ongoing storm.<\/p>\n
Kalshi Inc.<\/a> is accepting bets on the snowfall in New York City<\/a> in 10 prediction markets, based on inch counts between 2 inches and 2 feet.<\/p>\n Prediction markets on Kalshi work when a user buys a contract, priced from a penny to 99 cents, representing the probability that a certain event will occur. If that user is correct, the contract settles at $1.<\/p>\n For the snowfall prediction markets, bettors wagered more than $1.5 million by Jan. 25 at 9 a.m. Inch counts will be verified through data supplied by National Weather Service<\/a>.<\/p>\n Users of the cellphone app and web-based platform can make dozens of other oddball prophecies, including a movie\u2019s future score on Rotten Tomatoes<\/a>, the number of SpaceX<\/a> launches in any given month and whether Americans will actually receive tariff stimulus checks in the mail.<\/p>\n The region for New York City and New Jersey was predicted to get somewhere between 8 and 14 inches of snow, depending on the specific spot.<\/p>\n Philip DeVencentis is a reporter for NorthJersey.com. For access to the most important news in your community, subscribe or activate your digital account.<\/p>\n