Hedgebook launches app to hedge S&P 500 stocks via Kalshi event contracts
Hedgebook launched a mobile app that maps roughly 500 S&P 500 companies to 47 event contracts on Kalshi, the CFTC-regulated prediction market exchange. The integration lets investors hedge equity risk through Kalshi's regulated event-contract infrastructure rather than traditional derivatives. The product went live Friday, May 30, as featured in a June 2 report by BlockBeats that highlighted prediction markets' applications for small business hedging. The app connects traditional equity portfolios to Kalshi's regulated event-contract markets, offering a new tool for hedging macroeconomic risks via prediction markets.
Kalshi's event-contract infrastructure now competes directly with traditional equity derivatives for portfolio hedging. Any expansion beyond the initial 47 contracts could pull volume from options exchanges and force CFTC re-examination of event-contract limits for single-name equities.
Brings the tally of tier-one market makers and investment figures lining up behind Kalshi to three — Wintermute, Layer Global, and now Hedgebook — as the platform builds regulated distribution layers Polymarket cannot replicate from offshore.