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Los Angeles restaurant group hedged Dodgers playoff run with 60,000 dollar Kalshi trade, NILE1 reports
- Los Angeles restaurant group hedged Dodgers playoff run with 60,000 dollar Kalshi trade, NILE1 reports — NILE1, citing a Fortune report, said a Los Angeles restaurant group operating 25 bars near Dodger Stadium spent 60,000 dollars on Kalshi to hedge against the Dodgers not reaching the World Series. When Los Angeles lost in the NLCS to Milwaukee, the position returned nearly double, offsetting revenue the group would have earned from additional playoff games, in an example of businesses using prediction markets as a form of insurance. (NILE1)
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