Key facts
- The group operates 25 bars near Dodger Stadium.
- The trade was made on the prediction markets platform Kalshi.
- The prediction market is used by businesses for risk protection.
A Los Angeles hospitality group, which operates 25 bars near Dodger Stadium, used a $60,000 trade on the prediction markets platform Kalshi to hedge against revenue lost when the Los Angeles Dodgers did not reach the World Series. The prediction market trade returned nearly twice the original stake, helping to make up for business the bars would have received from additional playoff games. Kalshi platforms allow users worldwide to trade binary contracts on outcomes in politics, sports, economics and entertainment, and this trade highlights a growing use of such markets by businesses seeking protection against risks not covered by conventional financial products.