According to the article, "Kalshi wants to bring in users who are similarly trying to mitigate losses from a potential future event by betting the thing they don't want to happen actually will" I do that every month when I pay the premium on my term life insurance. And my car insurance. And professional liability insurance. And... BMK
"I do that every month when I pay the premium on my term life insurance. And my car insurance. And professional liability insurance. And... BMK" Some of the insurance your buying now would become spreadable. Clearly, life insurance and most micro risks won't as it's too specific, but other puts/insurance might develop some liquidity. A new Lloyds?
Good lord if this is not another sign we are in an extremely inflated scenario I don't know what is...