A California ice cream shop is freezing some assets — by placing bets on freezing weather.
28wishes, a bougie independent ice cream parlor in downtown Los Angeles, has been gaining cash on Kalshi, the online “prediction market” app that lets users gamble on everything from political races to Met Gala looks.
According to the shop’s owner, 37-year-old Jason Jiang, he’s been clearing up to $1,500 per month on the app by being bullish on cold snaps in Southern California.
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