NEXTPredict Pays $12,000 for Prediction-Market Hedge on Flight Disruptions
NEXTPredict paid $12,000 to hedge flight-cancellation risks tied to its conference through a prediction market, according to Decrypt.
NEXTPredict spent $12,000 on a prediction-market hedge targeting flight cancellations associated with its conference, Decrypt reported.
The approach focuses on travel disruption rather than the cancellation of the event itself or incidents at the venue, which are typically addressed by event insurance.
The available report did not specify the market used, the terms of the hedge or how much it could pay if flights were canceled.
Source: Decrypt
