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LA Restaurant Group Bets $60K on Dodgers Outcome | Markets & Money News
A Los Angeles restaurant group strategically placed a $60,000 bet on Kalshi to hedge against the Dodgers missing the World Series, aiming to offset potential losses from playoff games. With around twenty-five bars near Dodger Stadium, playoff revenue is crucial. The trade returned nearly double the initial stake, providing a financial cushion. This example underscores a growing trend of businesses utilizing prediction markets for risk management, indicating a shift in how companies protect
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