24 January 2018 - 1 minute read

This competition will precede the launch of a long-range prediction market for global climate, first conceived by Winton in 2016, which will stretch several decades into the future.

This competition will precede the launch of a long-range prediction market for global climate, first conceived by Winton in 2016, which will stretch several decades into the future.

Winton’s more limited Climate Prediction Market for UK weather will allow participants to take a view on monthly UK temperature and rainfall up to several months into the future. 

The market for each month will be settled using the values of UK maximum temperature and rainfall published by the Met Office. 

Winton will award cash prizes totalling £55,000 to the institutions of the top 10 performing teams.

About Prediction Markets

Prediction markets are markets designed to reveal information about expectations of future events, where there is a wide range of possible outcomes – as is clearly the case with global climate conditions 50 years or more into the future.

Unlike other markets – such as financial markets or sports betting – where data may be a by-product rather than the primary objective, predication markets are focused on the production of valuable information. To register your interest and for more information, please visit the Winton Climate Prediction Market website.

Philanthropies Ventures