Deals
Susquehanna teams with Kalshi and Stanford-founded startup to hedge small business risk
Susquehanna worked with prediction market platform Kalshi and a startup specialty finance firm founded by four Stanford University graduates to develop hedging products for US small businesses. The collaboration aims to let small businesses use prediction markets to manage risk.
Why this matters?
Brings prediction market infrastructure into commercial risk management for a new customer segment, potentially expanding Kalshi's volume base beyond retail political and sports traders.
The bigger picture
Third Kalshi partnership this week to build non-retail distribution — after Cantor block trading and Weather Company app integration — as the platform diversifies beyond political and sports betting into institutional hedging and mainstream consumer channels.
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