Savvy ice cream shop owner makes 43% of monthly rent betting on weather: ‘If it rains, we still win’

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...