It must be a Nor'easter storm as declared by meteorologists. One foot of snow must be officially measured in Cities of Richmond, Petersburg, Colonial Heights, Hopewell, Williamsburg, Newport News, Hampton, Poquoson, Franklin, Suffolk, Chesapeake, Portsmouth, Norfolk, Virginia Beach, or Counties of Henrico, Chesterfield, Prince George, Charles City, James City, York, Isle of Wight, or Surry.

It must happen before the official start of Meteorological Spring.

• Update 2025-12-15 (PST) (AI summary of creator comment): The market will resolve YES only if one single nor'easter event drops at least 1 foot of snow in the specified area. Cumulative snowfall across multiple storms does not count.

• UPDATE 2026-1-23: This weekend's storm will resolve yes IF it is determined that a Nor'easter has formed AND at least one of the above jurisdictions records 12" or more of snow.

• UPDATE 2026-1-29: The coming storm IS a Nor'easter. If any of the above jurisdictions report 12 inches or more of snow, the market will resolve as "yes."