Weather derivatives have struggled with liquidity for 25 years. Jim Huang thinks prediction markets can finally fix that — but only if the contracts are built around events people actually watch.

In this return conversation with Risk Market News, the former CME product strategist and founder of Climate Hedge explains his pivot to WeatherBook, a weather-focused prediction market platform. Huang breaks down why China consolidated all weather index development into the Guangzhou Futures Exchange — pushing any weather futures launch to late 2027 or beyond — and why that regulatory reset opened a window for an event-driven alternative.
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