Kalshi has announced a new partnership with Game Point Capital, a firm that specializes in sports-related financial risk management.

The deal comes shortly after a Kalshi CFTC filing for a “Sportsbook Hedging Program” that would facilitate large trades by sports betting companies to lay off company risk. Both moves signal major expansion into real-world risk hedging through prediction markets.

The Kalshi–Game Point Capital partnership introduces a different model for that risk management: using a marketplace to price and distribute it. Mansour described it as “a better way to basically hedge and insure those risks,” adding that pricing would be more transparent.

Instead of one large insurer holding the exposure, risk could be spread across participants who take positions tied to specific outcomes — such as whether a team wins a championship. Pricing would be determined openly by supply and demand, rather than negotiated behind closed doors. As with any prediction market, the outcomes become tradable contracts, with the market price reflecting the implied probability.