Markets· ★★· neutral·

NEXTPredict to pay $12,000 for Kalshi hedge against JFK flight cancellations

  • —Premium is $12,000, with potential payout of about $3 million
  • —Trigger: cancellation of at least half of JFK flights on Oct. 21
  • —Market built by Kalshi at NEXT.io's request, with Susquehanna as market maker
  • —Contracts are not available to retail traders; drone and bomb-threat causes excluded
Why it matters: The case shows prediction markets being used for corporate risk hedging, an area traditionally handled by insurance.
Source: DiarioBitcoin
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