Prediction Markets for Weather and Climate Are Heating Up
Weather trades are gaining traction, drawing in casual participants, experts and tech firms testing their wares.
Seemingly everything is a prediction market nowadays. That includes the weather. Contracts may not be moving at the same pace as those for sports, but weather and climate are undeniably a growth sector for prediction markets.
Today’s newsletter looks at the rise of weather and climate trades — and whether there are limits to their utility. Plus, your weekend listen on the Iran War and weekend watch about — what else — prediction markets.