alt Hacker Newsas an argument for sports betting as a market, i remember when the wrong team won the world series, and hadnt setup their correct merch and so on for online sales, and it was a disaster trying to get all the right stuff together to minimize fraud and abuse.
if an online sales provider could hedge against the risk of that win, the gamble would help pay for all the chaos as a result
Lots of bespoke insurance already exists.
Lloyds will insure your rocket cargo or even provide terrorist strikes.
Doesn’t mean we need people wagering at kalshi on “number of terrorism fatalities in London before end of 2025”.