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.