Another great way that prediction markets are helping business owners and everyday people in a new way!
Great job Rizzo’s, shows that no matter what business you’re in, if there’s a will, there’s a way!
Amazing resilience and big thanks to
@Kalshi for creating that market
Meet Rizzo's, a Chicago sports bar that lives and dies by Cubs home games. When the Cubs play at Wrigley, Rizzo's is packed and pulls in tens of thousands of dollars a night. When the Cubs don't play at home, the bar takes a hit.
Playoff season makes that swing even bigger, so Rizzo's hedged it on Kalshi.
We made a market for them: How many playoff games will the Cubs host this season? Rizzo's position: NO on 2+ home games.
If the Cubs host 2+ games, Rizzo's has extra playoff nights and makes thousands in added revenue.
If the Cubs host fewer, Rizzo's misses out on that playoff revenue, but their Kalshi position pays out to cover it.
Either way, Rizzo's is covered.