TechFlow News, February 13: According to The Block, prediction market platform Kalshi has partnered with brokerage Game Point Capital to offer institutional clients sports performance risk hedging services. This partnership follows Kalshi’s record-breaking $1 billion in trading volume on Super Bowl Sunday.
According to a social media announcement by Kalshi CEO Tarek Mansour, Game Point Capital issues hundreds of millions of dollars in sports insurance annually, focusing on safeguarding team and player performance bonuses. Through this collaboration, sports clubs can smooth the financial impact of large contract payouts. Data shows Kalshi’s January trading volume reached $9.6 billion, a 45% increase from December.
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