Wall Street actually trades financial derivatives based on the specific weather patterns in different regions of the country to help corporations hedge their bets against bad seasons.

A closer look

Wall Street actually trades financial derivatives based on the specific weather patterns in different regions of the country to help corporations hedge their bets against bad seasons. A ski resort might buy a contract that pays out if it doesn't snow enough, while an ice cream company might buy one that pays out if the summer is too cold. You can literally gamble millions of dollars on whether or not it is going to rain in Ohio next Tuesday, turning the entire financial system into an incredibly sophisticated and completely legal sports betting ring for sociopathic meteorologists