LA Restaurant Group Hedges Playoff Risk with $60,000 Bet on Kalshi

• An LA restaurant group hedged against the Dodgers' playoff run with a $60,000 bet on Kalshi.
• The group operates 25 bars, several near Dodger Stadium, and used Kalshi for risk management.
• Kalshi is a platform for prediction markets, which are increasingly used by businesses for risk assessment.
• The bet was made to mitigate potential revenue loss due to reduced foot traffic during the playoffs.
• The restaurant group's identity remains undisclosed.