NEXTPredict hedges its $3 million conference against JFK flight cancellations for $12,000
Photo: Crypto Briefing
The prediction markets summit organizer bought 3 million YES contracts on Kalshi, with Susquehanna taking the other side of the block trade Most event organizers handle travel chaos the old-fashioned way: they buy an insurance policy, cross their fingers, and brace for the paperwork. NEXTPredict took a different route, and it made sense for a company whose entire brand is built on prediction markets. The company paid a $12,000 premium on Kalshi for contracts that pay out up to $3 million if at least 50% of scheduled flights at New York’s JFK International Airport get canceled on October 21, 2026.
Source: Crypto Briefing
