Business
LA bar group uses $60,000 Dodgers hedge to offset playoff losses
A Los Angeles hospitality group used a $60,000 prediction-market position to cushion revenue losses after the Dodgers failed to reach the World Series, Reuters reported October 16.
The group operates 25 bars, many near Dodger Stadium. It took a position on Kalshi that would pay if the Dodgers did not advance, according to the platform. Reuters reported that the trade returned nearly twice the original stake.
Position: $60,000
Business: Los Angeles hospitality group operating 25 bars
Outcome: Paid when the Dodgers did not reach the World Series
Reported return: Nearly twice the original stake
Reporting source: Reuters, citing Kalshi
A hedge tied to postseason traffic
Additional playoff games can bring extra customers to bars around Dodger Stadium. The position was designed to offset some of the business lost when those games did not happen. Reuters described the trade as an example of businesses using prediction markets to protect against risks that conventional financial products may not cover.
What the report does not disclose
Reuters did not identify the hospitality group or provide its total lost revenue. The return figure and the description of the trade came from Kalshi, so they should not be read as an independently disclosed financial statement from the business.
Original reporting: Reuters — October 16, 2026 →