Kalshi's first example of a small business using it as hedging tool is The Jeffrey, an NYC bar that's promising free drinks to all customers if New York Knicks wins NBA Finals Game 1 on Wednesday

Kalshi's first example of a small business using it as hedging tool is The Jeffrey, an NYC bar that's promising free drinks to all customers if New York Knicks wins NBA Finals Game 1 on Wednesday

This NYC bar promised FREE DRINKS if the Knicks WIN, then made sure it could not LOSE. Here's the story: The Jeffrey made a bold promise for the NBA Finals: if the Knicks win, everyone's tab is ON THE HOUSE. For a small bar, that could mean a very expensive night. So, the bar spent $5K on a Kals