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Will Hurricane Milton cause power outages affecting over 1 million residents in Florida by October 15, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from Florida Power & Light and local news outlets
Story
Biden Declares Florida Emergency as Hurricane Milton Nears Category 5 on October 7
Oct 7, 2024, 03:36 PM
President Joe Biden has declared a state of emergency in Florida as Hurricane Milton approaches, potentially reaching Category 5 strength. The declaration, effective from October 5, 2024, includes federal assistance to support state, tribal, and local response efforts. This move, announced on October 7, aims to ensure Florida has the necessary resources for both pre-landfall preparations and post-storm recovery. FEMA will provide disaster relief and protective measures, covering 75% of federal funding for affected areas. The Biden-Harris Administration's approval is crucial for the state's readiness and recovery efforts.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 100,000 homes affected • 25%
100,000 to 500,000 homes affected • 25%
500,000 to 1,000,000 homes affected • 25%
More than 1,000,000 homes affected • 25%
Less than 24 hours • 25%
1-3 days • 25%
4-7 days • 25%
More than 7 days • 25%
Minimal damage • 25%
Moderate damage • 25%
Severe damage • 25%
Catastrophic damage • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Minimal (less than $1 billion in damages) • 25%
Moderate ($1 billion to $5 billion in damages) • 25%
Severe ($5 billion to $10 billion in damages) • 25%
Catastrophic (more than $10 billion in damages) • 25%