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usehackernewsyesterday at 2:59 AM1 replyview on HN

If you’re a Houston bar owner dependent on post game traffic, there would be risk of them losing.

There are a thousand of exchanges that have no risk on my life, but that doesn’t mean they don’t impact others.


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dcrazyyesterday at 3:03 AM

A bar here in SF made local news for using Kalshi for just this purpose: https://sfstandard.com/2026/07/06/san-francisco-world-cup-ka...

In a similar vein, companies that run skill competitions (hole-in-one prizes, half-court shots, etc.) can and regularly do buy insurance on those events.

Under this theory, Kalshi is arguably not trading in commodities, but insurance, which is state-regulated.

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