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La Liga club Osasuna reportedly used Kalshi to hedge relegation risk, BitRss reports
- La Liga club Osasuna reportedly used Kalshi to hedge relegation risk, BitRss reports — BitRss reported Osasuna bought a 1.2 million euro insurance policy involving a Kalshi bet that would have guaranteed 6 million euros if the club was relegated from La Liga, arranged through broker Howden. The club lost the bet but stayed up, finishing 17th, and Semafor had earlier reported an unnamed Spanish club placed a similar multi-million-dollar hedge, with trading firm Susquehanna reportedly on the other side. (BitRss)
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