Another profitable frontier for climate disaster capitalism. It helps explain why the administration wants to defund NOAA and NWS to privatize weather forecasts for profit.
And what’s more grimly fitting than homeowners placing bets on hurricane or fire damage because they can’t afford insurance?
Lawrence Culver
Prediction markets are a hot topic lately, but media coverage is overlooking some important angles re weather & climate markets. I have been following this for a year & a half--here is how I see it:
1. Media focus on insider trading has oversimplified the story 1/
www.bloomberg.com/news/article...
From Kalshi and Polymarket to niche scientific platforms, traders are predicting the weather — and climate experts are debating the results.
