# Los Angeles Bar Group Uses $60,000 Kalshi Position to Hedge Playoff Risk By John Kim Canonical URL: https://www.tokenpost.com/news/business/35327 Published: 2026-10-20T05:31:56.000Z Updated: 2026-10-20T05:31:56.000Z Section: Business > The operator runs 25 bars, some near Dodger Stadium. Its position returned almost twice its original amount after Milwaukee swept Los Angeles. A Los Angeles bar operator put $60,000 into a Kalshi contract that paid if the Dodgers missed the World Series, seeking to offset business it expected from additional playoff games. The group runs 25 bars, some near Dodger Stadium. Its position returned almost twice its original amount after the Milwaukee Brewers beat Los Angeles 6-4 in Game 4 of the National League Championship Series. The win completed a four-game sweep and sent Milwaukee to the World Series. The trade tied a potential payout to the outcome that would end the group’s chance to draw customers for more Dodgers playoff games. It gave the operator a way to address a business risk through a sports contract. Prediction-market contracts tied to two possible outcomes trade between $0 and $1. A winning contract is worth $1 when the market resolves. For this position, the relevant outcome was whether the Dodgers would reach the World Series. Joshua Mitts, a Columbia University law professor, described this use of prediction markets as “functionally quite similar to a form of bespoke insurance.” He also raised concerns about safeguards against abuse, calling the market environment “a bit of a free-for-all.” The trade follows another [$12,000 hedge tied to flight cancellations](), which addressed the risk that disrupted travel would hurt a conference. Both arrangements used an event contract to address a specific business exposure. Combined monthly notional trading volume on Kalshi and Polymarket rose from $26 billion in May to $53 billion in July 2026, with sports trading driving most of the increase. The measure counts contracts at their $1 notional value. ## Links in this article - [$12,000 hedge tied to flight cancellations](https://www.tokenpost.com/news/business/29235)