NEXTPredict Hedges Conference Risk on Prediction Market for $12,000 Premium

NEXTPredict paid a $12,000 premium on Kalshi contracts, with Susquehanna acting as market maker, to hedge its event against over half of flights into JFK being canceled on October 21. This trade, which represents the organizer's total investment of roughly $3 million, marks the first time a conference has been hedged using a prediction market. Co-founder Pierre Lindh said the threshold was chosen as a proxy for significant global disruption, citing past losses from events like the 2020 lockdown and other travel disruptions, as standard event insurance often fails to cover losses when the conference proceeds despite external issues.