How Kalshi Is Making Wall Street-Style Hedging Available to Small Businesses

Jennifer Sanasie and Renato Mariotti sit down with Andy Ross, Head of Institutional Business at Kalshi at the Avalanche Summit. They discuss how prediction markets are moving from retail curiosity to institutional infrastructure. Ross explains why he believes institutional volume will eventually top retail, shares how a US oil major starts its mornings checking Kalshi's Strait of Hormuz market, and makes the case for bringing innovations like US-regulated perpetuals onshore into a CFTC-regulated environment. Plus, how everyone from hedge funds to mom-and-pop ice cream shops can now hedge real-world risk — from Bitcoin to the weather. - 00:00 Andy Ross Joins CoinDesk Live at the Avalanche Summit 00:55 The Legal Cloud Over Sports Event Contracts 02:00 Why Institutional Volume Will Eventually Top Retail 02:30 Prediction Markets as an Antidote to the Doom Scroll 03:00 When Institutions Want to Trade Against the Data 04:00 Bringing US-Regulated Perpetuals Onshore 05:00 Inside Kalshi's Clearinghouse, KYC and Tokenized Collateral 05:45 The Oil Major That Checks the Strait of Hormuz Market at Dawn 06:30 Hedging Real-World Risk, From Bitcoin to the CLARITY Act 07:30 Institutional Milestones and Policing Insider Trading 09:00 Listing New Markets on Demand 09:30 How Ice Cream Shops Now Hedge the Weather - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj