They started cheering because he was able to parallel park, because they said 3 different people tried parking, failed, and drove away
they just watching the whole time π
We could be looking at the early stages of the largest corporate consolidation in modern tech history.
$14.6B in single-quarter revenue shows SpaceX is operating on a scale few companies have ever reached.
Thank you for having me @CBSLosAngeles to speak about prediction market hedging!
Many speculate (or "bet", as you call it) on prediction markets, just like they do on any derivatives market. But the exchange structure harnesses that speculation for price discovery and enables risk management for individuals and businesses, big or small.
Over time, prediction markets will let people manage exposure to most things outside of our control. We're in the early innings of that. Incredibly excited to be part of building that future.
An LA hospitality group runs 25 bars, many of them right by Dodger Stadium. Every extra playoff game means packed bars. An early exit means lost revenue they were counting on.
So they hedged it. They put $60,000 on Kalshi on the Dodgers *not* making the World Series.
The Dodgers lost the NLCS to the Brewers. The position returned nearly 2x, helping cover the playoff business that *never* came.
A Columbia law professor told Fortune it works like βa form of bespoke insurance.β
Read the full story here: https://t.co/dErQA7mvzK