An LA hospitality group runs 25 bars, many of them right by Dodger Stadium. Every extra playoff game means packed bars. An early exit means lost revenue they were counting on. So they hedged it. They put $60,000 on Kalshi on the Dodgers *not* making the World Series. The Dodgers lost the NLCS to the Brewers. The position returned nearly 2x, helping cover the playoff business that *never* came. A Columbia law professor told Fortune it works like “a form of bespoke insurance.” Read the full story here: fortune.com/2026/10/19/predi…

The most famous hedger in sports just moved his Astros World Series position to Kalshi. nypost.com/2026/09/29/bettin…

Brenden Theaters runs 7 movie theaters across 4 states. Their revenue lives and dies on one thing they can't control: how many movies the studios decide to release. Big slate, full theaters. Thin slate, empty seats. So COO Robert Lytle asked us to list a market: "How many wide film releases next quarter?" Brenden now takes the side they don't want to happen: fewer than 60 films. Thin slate, the trade pays out. Big slate, they lose the trade but sell more tickets. He calls it "almost an insurance policy." "The theater industry, we're really slow at adoption and really slow at innovation. We're trying to be a company that's kind of on the forefront of a lot of these things now." Read the full article here: cbsnews.com/news/kalshi-smal…

Institutional finance has poured more than $60 billion into sports since 2019, across franchises, leagues, media rights, and venues. Sports is now an asset class. When that much capital rides on game outcomes, you have to hedge it. LSU owes Lane Kiffin a $3M bonus if LSU wins it all. LSU bought insurance against it from a sports insurer. The insurer didn’t want to carry that risk alone. Last month they hedged $662,050 on Kalshi buying contracts that pay out $3M if LSU wins. They essentially re-insured the risk. Read the full story here: cbssports.com/college-footba…

Shipping a 40 foot container cost $1,420 in 2019. Two years later it hit $10,377. James, CEO of Zest, lived through it. He asked us to list container freight, so he could hedge the thing that nearly took him out the first time. Big companies have had freight derivatives for decades. Now a tea company with 20 employees does too.

Tim Arrowsmith, a California goat farmer, just hedged $500K on whether Sacramento passes wage relief. If the bill dies, his labor costs quadruple. Full story here: cnbc.com/2026/08/13/how-a-ca…

Marex clients just hedged $600k on the Fed hiking rates 25bps via Kalshi Compared to futures, Kalshi was 25% cheaper Michael Bender, a broker at XFA (a division of Marex), says, "This represents a new type of hedging that many clients are keen to access"

A company spent months planning a conference in NYC. Their biggest risk? Nobody shows up. So they hedged it on Kalshi — buying contracts on airport-wide cancellation rates at JFK in the days before the event. (Contracts don't pay out if cancellations are caused by bad actors.) Flights get canceled en masse, attendance craters, and the loss is covered.

"Ice cream is one of the most weather-dependent products in the world," explained Jiang, who worked in corporate banking before swirling soft serve. "We lose about 20 percent of business when the weather goes below 70 degrees... So we're essentially hedging that profit loss on the app.