A popular online prediction market has seen nearly a quarter-million dollars in bets placed on how much snow will fall in the Dallas area this month, highlighting broad curiosity — and skepticism — about winter weather in a region that rarely sees significant snow.
In the Kalshi “Dallas snowfall monthly” market, traders are wagering on thresholds of accumulation that will ultimately be determined by official reports from the National Weather Service once January ends.
Kalshi Inc. operates a regulated exchange where participants can buy and sell contracts tied to real-world events, including weather outcomes like total snowfall in a given month.
On the Dallas market, which resolves based on NWS-verified data, contracts pay out if specific snowfall amounts (for example, more than 0.5 inches or more than 2.0 inches) are exceeded during January 2026. Betting interest in the market has surged in recent weeks as a winter storm system moves through the southern United States…