"LA restaurant group used $60,000 Dodgers bet to hedge playoff risk".
Some key points from the article:
* The group, which operates 25 bars, many of them near the Dodger Stadium, made a $60,000 trade on Kalshi if the team did not advance
* The position returned nearly twice the original stake, Kalshi said, helping make up for business the bars would have received from additional playoff games
* The trade points to a small but growing use of prediction markets by businesses seeking protection against risks that conventional financial products may not cover
