Spanish LaLiga Club Bets on Relegation via Kalshi to Hedge Revenue Risk

KALSHI-2.32%
According to Semafor, a Spanish LaLiga club placed bets on its own relegation through the Kalshi prediction market to hedge against potential revenue losses of tens of millions of euros amid relegation concerns. The club ultimately retained its league status, and despite losing the hedge bet, the income from staying in the league far exceeded the losses. The trade's counterparty, Susquehanna, profited over $1 million from the transaction.
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