Businesses have started using Kalshi to hedge business risks; Kalshi says institutional trading volume on its platform has grown 800% since November 2025 (Michael J. de la Merced/New York Times)

Michael J. de la Merced / New York Times : Businesses have started using Kalshi to hedge business risks; Kalshi says institutional trading volume on its platform has grown 800% since November 2025 — Platforms like Kalshi let millions wager on sports and pop culture. They're now hoping institutions will use them for big-ticket trading like hedging.

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