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as an argument for sports betting as a market, i remember when the wrong team won the world series, and hadnt setup their correct merch and so on for online sales, and it was a disaster trying to get all the right stuff together to minimize fraud and abuse.

if an online sales provider could hedge against the risk of that win, the gamble would help pay for all the chaos as a result

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Lots of bespoke insurance already exists.

Lloyds will insure your rocket cargo or even provide terrorist strikes.

Doesn’t mean we need people wagering at kalshi on “number of terrorism fatalities in London before end of 2025”.

> or even provide terrorist strikes.

I'm sorry, Lloyd's will _what_??

good point, I missed "insurance against"

> Doesn’t mean we need people wagering at kalshi on “number of terrorism fatalities in London before end of 2025”.

Reminds me of something from the last decade, but I am not sure anymore if it was a discussion or a desceiption: how to structure a "murder for hire" platform to give it plausible deniability/legality by turning it into bets. "I bet $100.000 @ketzu lives to the end of the year" can be read as life insurance, tasteless betting, or as a challenge to someone betting against it. (which is why here you need a legitimate interest to buy life insurance on someone)

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