NEXTPredict Hedges Conference on Prediction Market

NEXTPredict paid a $12,000 premium on Kalshi to hedge its October 22-23 summit against flight cancellations at JFK. The trade, executed with Susquehanna as market maker, covers roughly $3 million if more than half of flights are canceled on October 21. This marks the first time an event industry conference has been hedged on a prediction market.