👀 This NYC bar promised FREE DRINKS if the Knicks WIN, then made sure it could not LOSE. Here's the story:


The Jeffrey made a bold promise for the NBA Finals: if the Knicks win, everyone's tab is ON THE HOUSE. For a small bar, that could mean a very expensive night. So, the bar spent $5K on a Kalshi contract that pays out if the Knicks win. Here's why it works:
The Knicks are underdogs, priced at 38% to beat San Antonio's Spurs. Because they are less likely to win, protection against a Knicks victory costs less. Knicks lose? The bar gets a packed night. Knicks win? Kalshi’s payout buys the round. That's not a gamble. That's insurance. #crypto
KALSHI-5.24%
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