A Manhattan bar is using Kalshi as an insurance policy for a free-drinks promotion. This is the future prediction markets want.
Free drinks — and the financialization of everything — if they win.
By
John Herrman,
a tech columnist at Intelligencer
Formerly, he was a reporter and critic at the New York Times and co-editor of The Awl.
An NYC bar promised free drinks if the Knicks win. Its owner is using Kalshi to hedge the risk.
Kalshi wants small businesses to hedge like Wall Street. A NYC bar is trying it with Knicks promotion
This NYC bar just covered everyone's tabs because the Knicks won, and used Kalshi to hedge their bets | Fortune
Live updates from the NYC bar that promised to cover everyone's tabs if the Knicks won, and used Kalshi to hedge the bet | Fortune
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A New York City bar is joining in the Knicks mania — offering free drinks to patrons, and hedging the risk on Kalshi.
A local bar on the Upper East Side is the first small business to hedge with Kalshi over a Knicks game on Wednesday.
Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
The rise of prediction markets has raised concerns about insider trading, in which a wager on an event is placed by bettors who…
Fortune is on scene at The Jeffrey, a small New York City bar that offered to cover everyone's tabs up to $100 if the Knicks…
Fortune is on scene at The Jeffrey, a small New York City bar that offered to cover everyone's tabs up to $100 if the Knicks…
