Re:Launch HN: Kalshi (YC W19) – A regulated exchange for tra...
by thwayunion on Monday November 21, 2022 @07:21PM
(#33700139)
> There is no real market participant who could benefit from hedging in sports betting.
The entire local economy surrounding sports venues. For a small bar or restaurant near a stadium, the difference between a good season and a bad season can be huge. This is magnified to the nth degree in places like Green Bay, WI where renting out one's home for a single at home post-season game can easily net a family several month's worth of mortgage payments.
Re:Launch HN: Kalshi (YC W19) – A regulated exchange for tra...
by luckylion on Tuesday November 22, 2022 @08:33AM
(#33705565)
And all advertisers who have contracts with the teams, all shops selling their merchandise, and they'd all have a large interest in hedging their bets.
The entire local economy surrounding sports venues. For a small bar or restaurant near a stadium, the difference between a good season and a bad season can be huge. This is magnified to the nth degree in places like Green Bay, WI where renting out one's home for a single at home post-season game can easily net a family several month's worth of mortgage payments.