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Prediction markets are now ‘bespoke insurance’ for businesses, and a Los Angeles restaurant group’s $60,000 hedge on Kalshi is the latest example

Source: Fortune ·
Aerial view of Nationals Park baseball stadium in Washington, D.C.
File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

One unnamed hospitality group placed a $60,000 trade on Kalshi to offset missed revenue from the Dodgers’ failure to advance to the World Series, according to the platform.

Read the full story at Fortune

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to Fortune.

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