The bars around Dodger Stadium just hedged the Dodgers the way a farmer hedges corn. A Los Angeles hospitality group runs 25 bars, many of them in the neighborhood around the stadium. For a place like that, a World Series run is the harvest: packed rooms, extra nights, the best weeks of the year. So the group made a $60,000 trade on Kalshi that would pay if the Dodgers didn’t advance. When Milwaukee swept them out of the NLCS, the position paid back nearly twice the stake, Kalshi told Reuters, covering some of the money those bars lost. Farmers have done this for generations, locking in a price so a bad season doesn’t wipe them out, and federal regulators treat that kind of hedging as a legitimate use of commodities markets. Kalshi is pitching small businesses on the same idea. It called a Manhattan bar’s Knicks trade in June the first documented case of a small business hedging an event, and Semafor reported that Kalshi suggested that trade in the first place. Kalshi hasn’t named the LA group.