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Weather Prediction Betting December 2022
All Weather Prediction Bettings
Prediction betting markets have been popular for hundreds of years.
Even before we were wagering on sports and The Bachelorette, bettors were making predictions on elections and the weather.
Weather prediction betting is just one type of prediction betting that has become even more popular over the years. For one, it’s really hard to alter the weather on your own, which makes bet tampering practically impossible!
Find out what weather events you can bet on, how to make the most educated bets, and which online weather prediction betting sites are the best.
History of Prediction Markets
Bettors have been placing wagers on prediction markets since the 16th century when Italians placed bets on who would be elected as the next pope.
In the 18th and 20th centuries, Brits and Americans placed bets on presidential, parliamentary, and congressional elections. In fact, political betting dates back to the 1800s in the U.S.!
People have been trying to accurately guess the weather for thousands of years. The Babylonians were predicting the weather as far back as 650 BC.
Since predictions and betting go hand-in-hand, why wouldn’t we place bets on weather predictions?
Is Weather Prediction Betting Legal?
Yes! Depending on where you place your bets, weather prediction betting is totally legal. In order to ensure you’re legally betting, we recommend placing wagers only at trusted betting sites.
All of the sites we review on OddsSeeker are licensed and verified. They have been approved by state and/or federal gaming commissions (or whichever organization oversees the platform’s particular market).
To buy shares (the term for the virtual currency used on prediction bet websites), you must be at least 18 years old. You also must be a U.S. citizen to buy shares at many of the top weather prediction betting sites.
Types of Weather Prediction Betting Markets
If there is a weather pattern or event out there, you can bet there’s a prediction betting market that includes it!
While weather prediction betting markets vary by platform, you can usually bet on similar weather events on each site. Some sites only offer prediction betting on the weather, while other sites have a long list of prediction betting markets to choose from.
Some of the most popular weather prediction betting topics include:
- Extreme cold
- Extreme heat
- Global warming
- International weather
- Live weather
- Seasonal weather
How Weather Prediction Betting Works
Ready to get started buying shares? Weather prediction betting works similarly across most platforms.
Familiarize yourself with weather patterns, research weather data, and purchase and trade shares once you have an idea of what the weather will be!
Familiarize Yourself With Weather Patterns
Most prediction betting markets encourage users to familiarize themselves with the markets in which their betting.
You may not be familiar with certain weather pattern terms — or the typical weather patterns of different climates.
While no one can accurately predict the weather 100% of the time, we can all make educated guesses on the weather. Weather prediction betting can help soothe the sting of a really bad winter or a humid summer.
Research Weather Data
Before placing a bet for or against a statement, you’ll want to do a little research. Luckily, you have plenty of resources on hand to help you!
This may mean researching historical weather data, checking out the Farmer’s Almanac, reading up on the historic highs and lows in your city, or following your local meteorologist on Twitter.
Many weather prediction betting sites ask you to purchase shares of a yes or no statement, such as, “Will this be the hottest year so far in Louisiana?”
Other sites may simply ask you to guess the actual temperature to place bets.
Depending on the site where you place your bets, you may find that you need to purchase a share or contract or simply place a bet on a yes or no answer or an exact temperature.
Weather Prediction Betting Sites
A few of the most popular online weather prediction market sites (actually, the only ones available in the U.S. as of right now!) include Kalsh and BetOnWeather.
Kalshi is an MIT startup that allows you to bet on pretty much anything (the word kalshi means ‘everything’ in Arabic), meaning that betting on the weather is just par for the course on this platform.
It’s the first site to be regulated by the U.S. Commodity Futures Trading Commission (CFTC).
In addition to betting on the weather, you can also bet on the following prediction markets:
- Election prediction
- Science & Technology
To place bets, you must purchase virtual currency (in this case, shares of answers to yes or no questions).
Examples of such statements might include:
- “What will the high be in New York City on Friday?”
- “Will it snow more than one inch in Chicago by December 1?”
- “Will 2022 be the hottest year in Miami so far?”
BetOnWeather is owned by Sharkrow Labs and powered by the National Weather Service.
This site challenges you to beat the meteorologist in your city or town. If you think you can predict the weather better, you could win cash prizes.
Bet on the projected high or low temperatures for any given day; if you beat your meteorologist (similar to the house picking the favorite at a sportsbook), you can win money. You can also bet on precipitation, seasonal weather, snowfall, and more.
The platform encourages both futures and live betting.
Since BetOnWeather gets its information from the U.S. National Weather Service API, bettors can feel secure that predictions are made by credible sources.
Bet on the weather in over 100 cities, 24 hours a day, 7 days a week. The site also offers six skill games to keep you occupied. Challenge your friends or family to make weather prediction betting a social activity.
Weather Prediction Betting Promo Codes
Check back on OddsSeeker’s Weather Prediction Betting page to get the latest updates on prediction market promo codes!