Prediction Markets: Powerful $12K Play Secures $3M Hedge
Photo: TronWeekly
Prediction markets are becoming “a real risk management platform for small businesses, ” Kalshi Head of Institutional Andy Ross said at Avalanche Summit. We can now “think about the risk that Main Street operators can manage” with event contracts, with risk that was previously “only available for large institutions that could buy proxy assets or something tailored or customized.” For example, a mom-and-pop operation with an ice cream shop that wants to hedge against bad weather no longer has to short consumer stocks or negotiate with a bank on a weather derivatives deal it can now just buy an event…
Source: TronWeekly
