NEXTPredict Paid $12,000 to Hedge Its Conference on a Prediction Market

The organizers of a prediction markets conference have hedged the conference on a prediction market , paying a $12,000 premium for contracts that would return around $3 million if New York's airports seize up the day before it opens. The trade, executed through Kalshi with Susquehanna as market maker, settles on whether more than half of flights scheduled to land at John F. Kennedy International Airport are canceled on October 21, the main travel day before NEXTPredict's October 22-23 summit at Convene in Hudson Yards. The $3 million represents the organizer's total investment in the event.