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NEXTPredict paid 12,000 dollars on Kalshi for a 3 million dollar JFK cancellation hedge, Decrypt reports
- NEXTPredict paid 12,000 dollars on Kalshi for a 3 million dollar JFK cancellation hedge, Decrypt reports — Decrypt reports NEXTPredict organizers paid a 12,000 dollar premium on Kalshi, with Susquehanna as market maker, for contracts that would have returned around 3 million dollars if more than half of flights landing at JFK were canceled on October 21. The trade did not pay out, and Kalshi said small businesses are now hedging on the exchange when a contract is CFTC-certified with a verifiable data source. (Decrypt)
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