@cobavesting
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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