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
Individual traders drove Kalshi’s rise. Now, it’s going for Wall Street
Jeremy Maletz: Prediction markets can hedge economic risks, market makers ensure trading stability, and Kalshi's capital advantages support institutional trades | Odd Lots
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.
The New York Times reports that Kalshi has spent the past several months preparing to transform itself into a platform for hedge…
Kalshi markets itself as a meme-maker as much as a money-maker in prediction markets.
Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.
Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to…
