Kalshi CEO Tarek on Hedging + New Partnership with Sports Insurance Broker Game Point Capital > Kalshi has announced a partnership with sports insurance broker Game Point Capital. > Tarek says sports insurers are increasingly using exchange markets instead of OTC reinsurance to hedge team and player performance bonus risks more cheaply and transparently. > Game Point Capital is using Kalshi's prediction markets to hedge team performance bonus contracts at lower costs ((6% vs 12-13% OTC)) than traditional reinsurers like Lloyd's of London
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BITCOIN CRASH BATTERS EL SALVADOR, IMPERILS IMF DEAL BITCOIN’S PLUNGE HAS SLASHED THE VALUE OF EL SALVADOR’S HOLDINGS BY ROUGHLY $300 MILLION, EXPOSING THE RISKS OF PRESIDENT BUKELE’S CRYPTO BET AND SHAKING THE COUNTRY’S DEBT MARKETS. DESPITE THE LOSSES, BUKELE KEEPS BUYING BITCOIN, ALARMING INVESTORS AND COMPLICATING TALKS OVER A $1.4 BILLION IMF LOAN. CREDIT RISK HAS JUMPED, BONDS HAVE SWUNG, AND ANALYSTS WARN THAT CONTINUED CRYPTO PURCHASES AND DELAYED PENSION REFORMS COULD DERAIL IMF SUPPORT A KEY PILLAR FOR EL SALVADOR’S FINANCES. WITH MAJOR DEBT PAYMENTS LOOMING, BUKELE’S BITCOIN GAMBLE IS NOW COLLIDING HEAD-ON WITH THE COUNTRY’S FISCAL STABILITY.
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OKX Ventures Backs STBL in Strategic Partnership with Hamilton Lane and Securitize to Launch RWA-Backed Stablecoin on X Layer > Bringing together institutional private credit, regulated tokenization, and programmable settlement to support the next generation of onchain financial infrastructure
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