BlockBeats News, February 13 — According to Kalshi CEO Tarek Mansour, the prediction trading platform Kalshi has entered the institutional sports risk hedging sector, partnering with brokerage firm Game Point Capital to help teams hedge performance bonus expenses.
It is reported that Game Point Capital issues hundreds of millions of dollars in sports insurance annually, primarily providing performance bonus insurance for teams and players. These policies can help sports clubs alleviate financial pressure caused by large contract bonuses triggered by milestones such as qualifying for the playoffs or winning the championship.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A profitable account of over $1.5 million bet $340k on a prediction platform that picked the 76ers to beat the Timberwolves
A certain account placed a $340k bet on a prediction platform, predicting that the 76ers would beat the Minnesota Timberwolves, with an opening average entry price of 6035¢. The game was held today, and both the 76ers and the Minnesota Timberwolves are ranked sixth in their respective divisions.
GateNews17m ago
Kalshi hires Carter, a former staffer to former U.S. President Obama, as a policy adviser
The prediction market platform Kalshi in the United States has hired Carter, a former aide to President Obama, as a policy adviser to strengthen ties with the government and address regulatory challenges. Carter’s addition symbolizes Kalshi’s proactive outreach in political circles, while also drawing attention to legal disputes and concerns about insider trading by political figures. Prediction market data is increasingly becoming an important reference for tracking social trends.
ChainNewsAbmedia4h ago
Kalshi onboards ex-Democratic strategist amid legal troubles
Kalshi announced the hiring of Stephanie Cutter, a former advisor to President Obama, to strengthen its relationships in Washington, D.C. amid scrutiny and lawsuits regarding its prediction markets.
Cointelegraph6h ago
Before Polymarket, Taiwan already had prediction markets: National Chengchi University’s “Future Event Exchange” existed 20 years ago
The “Futures Events Exchange,” launched in Taiwan as early as 2006, combines academic research with market mechanisms and has become an important prediction market in the Chinese-speaking world. The platform trades using virtual currency to predict the likelihood of future events based on prices; some predictions performed better than polls, but later it shut down after a transition. Compared with Polymarket today, the Futures Events Exchange is more like an academic experiment.
ChainNewsAbmedia8h ago
Former Obama presidential campaign manager Stephanie Cutter has been appointed as a policy adviser to Kalshi
Gate News message, April 3, former Obama presidential campaign manager Stephanie Cutter joined prediction market platform Kalshi as a policy advisor.
GateNews9h ago