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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

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