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Kalshi for Small Business

Protect your business from the unexpected.From weather to markets to major events, your business is exposed to outcomes you can’t predict. Hedge those risks with Kalshi.

The basics

What is hedging?

Hedging means taking a position that pays out when something goes wrong for your business, so a bad outcome hurts less.

Try it yourself

Say a slow day cuts your revenue. See what a hedge does to your bottom line.
$
$
%
NormalSlow
Hedge cost− $20− $20
Hedge payout$0+ $200
You end with$780$780
Coverage100%
Who’s hedging

See who’s hedging

A look at some of the small businesses hedging on Kalshi, and a few of our favorite stories. Tap a photo to read how they did it.
50states and D.C.
117stories in the press
In the pressHedging on Kalshi

In the press

Curious if this could work for your business?

All 325 businesses on the map

Alabama

8
  • Alabama VintageApparel · Tuscaloosa. Hedging on the Alabama–Georgia game being delayed or canceled by Hurricane Isaias.
  • Bryant Holley Media LLCMedia · Tuscaloosa. Hedging on the Alabama–Georgia game being delayed or canceled.
  • EE&S TruckingTrucking · Birmingham. Hedging against rising fuel prices that push up transport costs.
  • Heat Pizza BarRestaurant · Tuscaloosa. Hedging on the Alabama–Georgia game being delayed or canceled by Hurricane Isaias.
  • Interstar TransportationTransportation · Tuscaloosa. Hedging on the Alabama–Georgia game being delayed or canceled by a hurricane.
  • Martin Maintenance Services LLCConstruction · Birmingham. Hedging against higher year-end oil prices, which drive up materials costs.
  • Tri-Port LogisticsLogistics · Birmingham. Hedging on Hurricane Isaias making landfall and closing ports.
  • Wahoo BBQRestaurant · Tuscaloosa. Hedging on the Alabama–Georgia game being delayed or canceled by a hurricane.

Alaska

1
  • Sleepy BayFishing · Anchorage. Hedging against rising fuel costs for its fishing boats.

Arizona

3
  • Brenden TheatersMovie Theater · Phoenix. Hedging against a slow quarter for new releases, since fewer movies in theaters means fewer ticket sales.
  • gavAI LLCSoftware · Phoenix. Hedging against rising computing costs.
  • Wadens Logistics LLCTrucking · Phoenix. Hedging on diesel ending the year above $5.40.

Arkansas

1
  • John Nauss ConstructionConstruction · Little Rock. Hedging against high oil prices at year end.

California

52
  • 28wishesIce Cream · Los Angeles. Hedging against bad-weather days that keep customers home.
  • Abraham's ValetValet · Los Angeles. Hedging against rising oil prices as a stand-in for fuel costs.
  • Blue LightSports Bar · San Francisco. Hedging a $100-off game-day promotion.
  • Bobmat TransportTrucking · Los Angeles. Hedging against rising fuel prices that push up transport costs.
  • Brenden TheatersMovie Theater · Los Angeles. Hedging against a slow quarter for new releases, since fewer movies in theaters means fewer ticket sales.
  • Cal JerseysApparel · Berkeley. Hedging on a weak Cal football season.
  • Capital USA LawnLandscaping · Los Angeles. Hedging against bad weather that stops outdoor work.
  • CCE TruckingTrucking · Los Angeles. Hedging against high diesel prices that raise the cost of running its dump trucks.
  • Century 21Real Estate · Lake Tahoe. Hedging against a late ski-season opening in Tahoe.
  • Connected Home BuyersReal Estate · Lake Tahoe. Hedging against a late ski-season opening in Tahoe.
  • CreamIce Cream · Los Angeles. Hedging against bad-weather days that keep customers home.
  • Cream CookiesFood & Beverage · Los Angeles. Hedging on the 49ers missing the playoffs.
  • D.S. Artistry Productions LLCProduction · Los Angeles. Hedging on the Atlanta Dream winning the WNBA Finals.
  • Delivery United Smoke ShopDelivery · Los Angeles. Hedging against rising oil prices.
  • El SuperDelivery · Los Angeles. Hedging against rising oil prices as a stand-in for fuel costs.
  • Executive Inspection ServicesInspection · Los Angeles. Hedging against high California gas prices.
  • Forme ScienceE-Commerce · Los Angeles. Hedging a promotion: full cashback if a chosen team won the World Cup.
  • Freewheel BrewingSports Bar · Los Angeles. Hedging a $100-off game-day promotion.
  • Good DogLocal Services · Lake Tahoe. Hedging against low pre-Christmas snowfall at Northstar, which cuts seasonal business.
  • GoodBarSports Bar · Los Angeles. Hedging a $100-off game-day promotion.
  • Granados Home LoansReal Estate · Los Angeles. Hedging against an unfavorable Fed rate decision.
  • InfragridSoftware · San Francisco. Hedging a promotion: three free months for new sign-ups if the 49ers won the Super Bowl.
  • Jaxon LaneE-Commerce · Los Angeles. Hedging against new tariffs raising its costs.
  • Jojo's BazaarCollectibles · Los Angeles. Hedging against a drop in resale prices for a key Pokémon product.
  • Kreation Organic JuiceryFood & Beverage · Los Angeles. Hedging against rising oil prices that raise delivery and supply costs.
  • LA Hospitality GroupBar Group · Los Angeles. Hedging on the Dodgers missing the World Series.
  • La Jama Latin CuisineFood Truck · Los Angeles. Hedging on the Dodgers hosting fewer than seven playoff games.
  • Mammoth Rock ’n’ BowlRestaurant · Mammoth Lakes. Hedging against low pre-Christmas snowfall at Mammoth.
  • Marin Brothers BuildersConstruction · Los Angeles. Hedging against a California ballot measure that would slow building.
  • Mis Wrap CateringFood Truck · Los Angeles. Hedging on the Dodgers hosting fewer than three playoff games.
  • Mountain Bike San FranciscoBike Tours · San Francisco. Hedging against rainy months that cut bookings for its mountain bike tours.
  • NarraFood & Beverage · Los Angeles. Hedging a promotion tied to a player winning the U.S. Open.
  • Navore FarmFarm · San Diego. Hedging against heat waves that stress crops.
  • Oscar's TransportTransportation · Los Angeles. Hedging against high gas prices.
  • Paradigm ConsultingConsulting · Berkeley. Hedging on a poor Cal football season.
  • Perez ElectronicsHome Services · Los Angeles. Hedging on California gas prices climbing past $6.80.
  • Rossetti Landscape DesignLandscaping · Los Angeles. Hedging against extreme heat in Los Angeles that slows outdoor work.
  • Ruby Hill Cricket LeagueSports League · San Francisco. Hedging against rainy months in San Francisco that cancel games.
  • S.A.M. Imports Inc.Trucking · Los Angeles. Hedging against expensive fuel for its trucks.
  • Saddle Ranch Chop HouseRestaurant · Los Angeles. Hedging against heavy rain in Los Angeles that keeps diners away.
  • San Diego Hospitality GroupBar Group · San Diego. Hedging on an early Padres playoff exit.
  • Sklar ConstructionConstruction · Los Angeles. Hedging against rising lumber prices, a key cost for its construction jobs.
  • Sky2C LogisticsLogistics · Los Angeles. Hedging on diesel climbing above $6.30 this month.
  • SM Gardening ServicesGardening · Los Angeles. Hedging against a rainy month in Los Angeles that disrupts outdoor work.
  • Spinella GroupReal Estate · Los Angeles. Hedging against Fed rate hikes that cool buyer demand.
  • Stone Man RoofingRoofing · Los Angeles. Hedging against a rainy month in Los Angeles that disrupts outdoor work.
  • Sun C Trucking LLCTrucking · Los Angeles. Hedging against rising oil and diesel prices.
  • Super Discount HaulingTrucking · Los Angeles. Hedging against weekly rises in oil and diesel prices.
  • Tacos El JuanitoRestaurant · Los Angeles. Hedging on an early Dodgers playoff exit.
  • Three Sticks ProductionsEntertainment · Lake Tahoe. Hedging against low pre-Christmas snowfall in Tahoe, which means fewer tourists and events.
  • Village Car WashCar Wash · Los Angeles. Hedging against rainy months in Los Angeles that slow business.
  • Western GrazersGoat Grazing · Red Bluff. Hedging against new legislation that could affect its grazing business.

Colorado

9
  • Artisan Builders of the RockiesConstruction · Vail. Hedging against a late ski-season opening in Vail.
  • Bartholomew Rentals LLCRentals · Vail. Hedging against a late ski-season opening in Vail.
  • Brenden TheatersMovie Theater · Denver. Hedging against a slow quarter for new releases, since fewer movies in theaters means fewer ticket sales.
  • Denver Hospitality GroupBar Group · Denver. Hedging on the Broncos not hosting a home playoff game.
  • DoorDash driver (CO)Delivery · Denver. Hedging against high gas prices.
  • Hydan EntertainmentEntertainment · Snowmass. Hedging against a late ski-season opening in Snowmass.
  • JCC Services LLCMortgage · Denver. Hedging against heavy December snow in Denver that slows business.
  • Replay SportsRetail · Aspen. Hedging against a late ski-season opening in Aspen.
  • The Trentini AgenciesInsurance · Denver. Hedging against heavy December snow in Denver that drives up claims.

Connecticut

3
  • Bell Brothers TransportTransportation · Hartford. Hedging against rising fuel prices using oil markets.
  • M&T Landscapes LLCHardscaping · Hartford. Hedging against high gas and diesel prices.
  • Superior Energy, LLCPropane · Hartford. Hedging against rising crude oil prices.

D.C.

3
  • JubileFood & Beverage · Washington. Hedging against bad-weather days that keep customers home.
  • KeneticFood & Beverage · Washington. Hedging against new tariffs raising its costs.
  • TallBoySports Bar · Washington. Hedging a $100-off game-day promotion.

Delaware

2
  • Mike The HandymanRemodeling · Wilmington. Hedging against heavy winter snowfall that delays its jobs.
  • Missing LinkProduction · Wilmington. Hedging against high inflation raising its costs.

Florida

17
  • Alpha & Omega InteriorConstruction · Miami. Hedging against a rainy July in Miami that delays job sites.
  • Apollo PoolsPools · Miami. Hedging on a short World Series.
  • Artech 345 LLCRentals · Miami. Hedging against the Fed holding rates steady.
  • Business Express CourierDelivery · Miami. Hedging on weekly U.S. gas prices rising above $4.31.
  • Coastal Transport PartnersTransportation · Miami. Hedging against rising fuel costs.
  • Daily RoofingRoofing · Miami. Hedging against a Category 4+ hurricane making landfall in Florida.
  • Home2 Suites + Hampton Inn LakelandHotels · Lakeland. Hedging against an above-average hurricane season.
  • Independent builder (FL)Construction · Miami. Hedging against a major hurricane landfall in Florida.
  • KMC3 OutdoorsLandscaping · Miami. Hedging against a quiet Atlantic hurricane season that cuts storm-cleanup work.
  • Late Start BrewingCraft Brewery · Miami. Hedging on a short World Series.
  • LauderbeachRentals · Miami. Hedging against interest rates staying high.
  • Morabito ConstructionConstruction · Miami. Hedging against interest rates staying high.
  • Saintus transport FLTrucking · Miami. Hedging against rising oil prices.
  • Sombus NetworksTelecom · Miami. Hedging against Hurricane Isaias strengthening to a major storm.
  • Southeast Construction PartnersConstruction · Miami. Hedging against rainy days in Miami, when crews can't work.
  • Vino BistroRestaurant · Miami. Hedging on a short World Series.
  • Wicked CantinaBar · Miami. Hedging on a short World Series.

Georgia

5
  • Georgia PoolsPools · Atlanta. Hedging a promotion tied to the Atlanta Falcons.
  • Hazlehurst OilOil & Gas · Atlanta. Hedging against rising oil prices.
  • Kwan Morrow LLCTrucking · Atlanta. Hedging on weekly U.S. gas prices rising above $4.32.
  • Pulos Trucking LLCTrucking · Atlanta. Hedging on diesel ending the year above $5.60.
  • Swisslog Logistics Inc.Transportation · Atlanta. Hedging against high diesel prices.

Hawaii

2
  • R&L Taxi & Tours LLCTaxi · Honolulu. Hedging against high oil prices at year end.
  • Reece MechanicsMechanic · Honolulu. Hedging against high diesel prices, which make customers delay repairs.

Idaho

3
  • Johnson Real EstateReal Estate · Boise. Hedging against no rate cuts before 2027.
  • Lefty's Bar & Grill KetchumRestaurant · Sun Valley. Hedging against a late ski-season opening in Sun Valley.
  • Rack TowingTowing · Boise. Hedging on U.S. gas prices topping $5 by year end.

Illinois

12
  • ACS PowerWashSnow Removal · Chicago. Hedging against a low-snow December in Chicago.
  • ANG TransportationTrucking · Chicago. Hedging on oil ending the year above $90.
  • Atomic WingsFood & Beverage · Champaign. Hedging a promotion: free wings if Illinois beat Duke.
  • Clark Street SportsApparel · Chicago. Hedging on the Cubs hosting fewer than three playoff games.
  • DMA Freight Logistics Inc.Trucking · Chicago. Hedging on oil ending the year above $85.
  • Liquor LandFood & Beverage · Champaign. Hedging a drink promotion tied to Illinois leading Duke at halftime.
  • Made Local BrandsLogistics · Chicago. Hedging on U.S. gas prices rising above $4.33.
  • Naya Indian CuisineFood & Beverage · Champaign. Hedging a promotion: free samosas if Illinois beat Duke.
  • NWHCCChamber of Commerce · Chicago. Hedging on the Bears not hosting a playoff game.
  • Rizzo's Bar & InnSports Bar · Chicago. Hedging on the Cubs hosting two or fewer home playoff games.
  • SA Renovations LLCConstruction · Chicago. Hedging against extreme heat in Chicago that slows job sites.
  • Wateriders KayakBoating · Chicago. Hedging against bad-weather days that keep customers home.

Indiana

2
  • I and M Trucking LLCTrucking · Indianapolis. Hedging against weekly spikes in diesel prices.
  • Rieth Riley ConstructionConstruction · Indianapolis. Hedging on oil ending the year above $110, which drives up materials costs.

Iowa

1
  • All-Out Lawn and Landscaping LLCLandscaping · Des Moines. Hedging against bad weather and rising diesel prices.

Kansas

1
  • Freestate Logistics / Black RemodelLogistics & Contracting · Wichita. Hedging against commodity prices and election outcomes that raise its costs.

Kentucky

1
  • Winners Circle Trailers LLCMechanic · Lexington. Hedging against rainy days in Lexington, when he can't work.

Louisiana

1
  • Ortega's Maids Services LLCCleaning · New Orleans. Hedging on U.S. gas prices rising above $4.33.

Maine

1
  • Parsonage Bed and BreakfastHospitality · Portland ME. Hedging against inflation running above 3.7%.

Maryland

4
  • Bay Bridge Freight LLCTrucking · Baltimore. Hedging on diesel climbing past $6.20 after a year of sharp increases.
  • Mercury Home RemodelingConstruction · Baltimore. Hedging on oil ending the year above $110 after rising oil pushed flooring costs up 40%.
  • Wellington PropertiesProperty Management · Baltimore. Hedging against storms that damage properties.
  • Zest TeaFood & Beverage · Baltimore. Hedging against higher shipping costs and new tariffs.

Massachusetts

6
  • Frosty Ice CreamIce Cream · Boston. Hedging against bad-weather days that keep customers home.
  • MassWake RentalsJet Ski Rental · Boston. Hedging against bad-weather days that keep customers home.
  • Medfield Junk RemovalJunk Removal · Boston. Hedging against bad-weather days that keep customers home.
  • Ross McKee LandscapingLandscaping · Boston. Hedging against bad-weather days that keep customers home.
  • Sovereign Bot LLCFinance · Boston. Hedging against political and economic surprises, like Fed decisions and inflation.
  • The Gateway PubBar · Boston. Hedging against heavy December snow in Boston that keeps customers home.

Michigan

4
  • Maine LobsterFishing · Detroit. Hedging a promotion tied to Drake Maye.
  • McMillan's Lawn and SnowLandscaping · Detroit. Hedging against rainy days that stop lawn work.
  • Orman TowingTowing · Detroit. Hedging against rising oil prices that drive up its costs.
  • Yul TruckTrucking · Detroit. Hedging against high monthly diesel prices.

Minnesota

4
  • Corn farm (MN)Farm · Minneapolis. Hedging against a strong corn harvest pushing prices down.
  • Danberry Building CorpConstruction · Minneapolis. Hedging against December snow in Minneapolis that delays home builds.
  • Diamondz N The Ruff CutzBarbershop · Minneapolis. Hedging against heavy December snow in Minneapolis that cuts walk-ins.
  • Family farm (MN)Farm · Minneapolis. Hedging against too much rain during the growing season.

Mississippi

1
  • Hartman Heating and AirHVAC · Jackson MS. Hedging against cold snaps and high oil prices.

Missouri

2
  • A+ Mobile DetailingAuto Detailing · St. Louis. Hedging against rainy days in St. Louis that cancel appointments.
  • Will Go HaulingTrucking · Kansas City. Hedging against high monthly diesel prices.

Montana

7
  • Ascend Properties LLCRentals · Big Sky. Hedging against a late ski opening and low snowfall in Big Sky.
  • Big Sky BuildersConstruction · Big Sky. Hedging against rising materials and fuel costs.
  • Chauffeur service (MT)Transportation · Bozeman. Hedging on U.S. gas prices topping $4.60 by year end.
  • Family farm (MT)Farm · Bozeman. Hedging against high oil prices and swings in corn prices.
  • Mobley Land ServicesLand Management · Big Sky. Hedging against heavy December snow in Big Sky that halts work.
  • TC GlassConstruction · Bozeman. Hedging against rising fuel prices that push up transport costs.
  • Tres Toros Tacos & TequilaRestaurant · Big Sky. Hedging on December snowfall in Big Sky topping 45 inches.

Nebraska

2
  • 100 Year HomesReal Estate · Omaha. Hedging against a weak Nebraska corn harvest that hurts the local economy.
  • Myers Construction Inc.Construction · Omaha. Hedging against high oil prices at year end.

Nevada

1
  • Brenden TheatersMovie Theater · Las Vegas. Hedging against a slow quarter for new releases, since fewer movies in theaters means fewer ticket sales.

New Hampshire

2
  • Sidman Automotive ServiceAuto Repair · Manchester. Hedging against rising oil prices.
  • Thornhill TransportTransportation · Manchester. Hedging against rising fuel prices using oil markets.

New Jersey

20
  • A B Maniar & Son LLCGeneral Contractor · Newark. Hedging against high lumber and steel prices.
  • Belmont Leather CompanyManufacturing · Newark. Hedging on gas topping $4.70 and rising diesel prices.
  • ExxonMobil Gas StationGas Station · Jersey City. Hedging against weekly drops in New Jersey gas prices.
  • ExxonMobil Gas StationGas Station · Newark. Hedging against weekly drops in New Jersey gas prices.
  • ExxonMobil Gas StationGas Station · Paramus. Hedging against weekly drops in New Jersey gas prices.
  • Family LaundryLaundry · Paramus. Hedging on natural gas ending the year above $6, a major cost for its dryers.
  • Furino & SonsConstruction · Newark. Hedging on U.S. gas prices rising above $4.33.
  • G3 Auto CareAuto Care · Newark. Hedging against rainy weekends in Newark that cancel detailing jobs.
  • Havatian HomesReal Estate · Newark. Hedging on 30-year mortgage rates ending the year above 7.7%.
  • iHome DesignsHome Services · Newark. Hedging against rising materials costs and bad weather.
  • J&J BagelsFood & Beverage · Newark. Hedging against high egg prices.
  • Juliano & Son ContractingTrucking · Franklin Lakes. Hedging against rising diesel prices.
  • Mitchells Auto BodyAuto Repair · Newark. Hedging against steel tariffs staying in place into 2027.
  • Mountain Valley LandscapingLandscaping · Newark. Hedging against bad weather that stops landscaping work.
  • Princeton Tower DevelopmentReal Estate · Princeton. Hedging against winter weather in Trenton that raises development costs.
  • Ridgeco PropertiesReal Estate · Newark. Hedging on 30-year mortgage rates ending the year above 7.7%.
  • Shore Bet ConstructionConstruction · Newark. Hedging against high interest rates and inflation.
  • SivroIT Services · Newark. Hedging on U.S. gas prices rising above $4.30.
  • The Procurement ProGovernment Contractor · Newark. Hedging against Canada raising tariffs on U.S. goods.
  • Veteran With a CameraPhotography · Newark. Hedging against rainy days in Newark that cancel shoots.

New Mexico

3
  • Future Dairy ServiceFarm · Albuquerque. Hedging against hot days that stress its herd.
  • Gizmo’s Maintenance and Lawn CareLandscaping · Albuquerque. Hedging against high oil prices at year end.
  • Rise Again LogistixTrucking · Albuquerque. Hedging against weekly rises in gas prices.

New York

41
  • 7th StreetFood & Beverage · New York. Hedging a promotion: 777 free burgers if the Knicks won.
  • Ace's PizzaRestaurant · New York. Hedging an NYC Marathon promotion: the first 100 customers ate free.
  • Angie JuiceFood & Beverage · New York. Hedging an NYC Marathon promotion: a free matcha for everyone if an American won.
  • Backyard Bar & BilliardsBar · New York. Hedging on an early Yankees playoff exit.
  • Bangkok BroRestaurant · New York. Hedging an NYC Marathon promotion: free mango sticky rice and Thai tea if an American won.
  • BK Backyard BarBar · New York. Hedging on an early Yankees playoff exit.
  • Daltons & GrillBar · New York. Hedging a promotion: $75 off for the first 75 customers if the Giants won on Monday Night Football.
  • Del GelatoIce Cream · New York. Hedging against bad-weather days that keep customers home.
  • DJH Builders Inc.Construction · New York. Hedging against rainy days on site and rising oil prices.
  • East Village PizzaRestaurant · New York. Hedging an NYC Marathon promotion: an hour of free slices if an American won.
  • Fraser ContractingConstruction · New York. Hedging against rainy days in New York that stop work.
  • Gnocchi on 9thRestaurant · New York. Hedging an NYC Marathon promotion for its followers.
  • Good CompanyBar · New York. Hedging on the Yankees losing to the Red Sox.
  • Hen House NYCRestaurant · New York. Hedging an NYC Marathon promotion: free wraps if an American won.
  • High NoteBar · New York. Hedging on the Yankees losing to the Red Sox.
  • Independent carriage owner (NYC)Horse Carriage · New York. Hedging against a ban on horse-drawn carriages in New York City.
  • La MechanteFood & Beverage · New York. Hedging against rain on farmers-market weekends, after baking all week.
  • Limo service (NY)Transportation · New York. Hedging on U.S. gas prices topping $4.70.
  • Macs Central Park ToursTours · New York. Hedging against rainy days in New York that cancel tours.
  • Mejia LandscapingLandscaping · New York. Hedging against bad weather in New York that stops landscaping work.
  • Mimi'sIce Cream · New York. Hedging against bad-weather days that keep customers home.
  • MindBloomHealth Care · New York. Hedging against the FDA's decision on psychedelic treatments.
  • Neptune RooterPlumbing · New York. Hedging against rising commodity prices.
  • NYC Painting & DrywallPainting · New York. Hedging against rainy months that delay exterior painting jobs.
  • OakBerryFood & Beverage · New York. Hedging against rainy days, when its New York stores are slowest.
  • One for OneBar · New York. Hedging on an early Yankees playoff exit.
  • One4OneRestaurant · New York. Hedging on short seasons for the Knicks and Yankees.
  • PillarMetals · New York. Hedging against swings in tungsten prices.
  • PlayablyE-Commerce · New York. Hedging an NYC Marathon promotion.
  • Rage CageEntertainment · New York. Hedging on Knicks losses.
  • Saler Moving & Hauling LLCMoving · New York. Hedging on oil ending the year above $105.
  • SJ Lincoln RealtyReal Estate · New York. Hedging against rising mortgage and interest rates.
  • The Addison NYBar · New York. Hedging on an early Yankees playoff exit.
  • The Flower ShopRestaurant · New York. Hedging an NYC Marathon promotion.
  • The JeffreySports Bar · New York. Hedging a $100-off promotion tied to the Knicks.
  • Towering Grip / BXB FilmsFilm Production · New York. Hedging against December snow in New York that delays outdoor shoots.
  • Tyorkin Medical / Real EstateMedical & Real Estate · New York. Hedging against December snowfall in New York that raises property costs.
  • Uptaco NYCRestaurant · New York. Hedging an NYC Marathon promotion: free breakfast tacos.
  • Utopia BagelsFood & Beverage · New York. Hedging a promotion: free bagels if the Knicks won.
  • While In KathmanduRestaurant · New York. Hedging an NYC Marathon promotion: free momos and chai.
  • YesterdaysBar · New York. Hedging on an early Yankees playoff exit.

North Carolina

7
  • Carolina Ale HouseSports Bar · Charlotte. Hedging a Stanley Cup Final promotion.
  • Coley HomeFurniture · Charlotte. Hedging against the outcome of North Carolina's Senate race.
  • East Coast TowingTowing · Charlotte. Hedging against rising diesel prices.
  • Garden City MortgageReal Estate · Charlotte. Hedging against rising mortgage rates.
  • Hemsath LogisticsMoving · Charlotte. Hedging against high oil prices.
  • J.A. Hart Construction Inc.Construction · Charlotte. Hedging against bad weather and rising oil prices.
  • Transportation operator (NC)Transportation · Charlotte. Hedging against high oil prices.

North Dakota

1
  • Oil rig operator (ND)Oil & Gas · Fargo. Hedging on oil ending the year above $115, which drives up operating costs.

Ohio

4
  • D's Food TruckFood & Beverage · Columbus. Hedging against rainy months that slow sales.
  • Koehler Brothers ConstructionConstruction · Columbus. Hedging against Fed rate decisions and Ohio's 2026 governor race.
  • NuwayLandscaping · Columbus. Hedging against rising gas prices.
  • One More Time TruckingTrucking · Columbus. Hedging against rising diesel prices.

Oklahoma

4
  • BM Movers and LaborMoving · Oklahoma City. Hedging against high oil prices at year end.
  • Family farm (OK)Farm · Oklahoma City. Hedging against extreme temperatures in Oklahoma City.
  • Independent trucker (OK)Trucking · Oklahoma City. Hedging on diesel ending the year above $6.40.
  • Lempa ConstructionConstruction · Oklahoma City. Hedging against rainy days in Oklahoma City that delay jobs.

Oregon

2
  • BenchmadeE-Commerce · Portland. Hedging a World Series promotion.
  • Shaynes Diesel and Auto RepairAuto Repair · Portland. Hedging against rising oil prices.

Pennsylvania

4
  • Construction contractor (PA)Construction · Philadelphia. Hedging against Philadelphia days above 97°F, when crews lose hours.
  • Flooring contractor (PA)Flooring · Philadelphia. Hedging on oil ending the year above $110 after flooring costs rose sharply.
  • Greek Real Estate PartnersReal Estate · Philadelphia. Hedging against heavy snowfall that delays development projects.
  • Snyder and Sons Home Remodeling LLCConstruction · Philadelphia. Hedging against rainy days, when crews can't work on projects.

Rhode Island

1
  • EZ WashersPower Washing · Providence. Hedging against rainy days in Providence, when crews can't work.

South Carolina

6
  • ARD TruckingTrucking · Columbia. Hedging on weekly U.S. gas prices rising above $4.30.
  • Cottage and VineApparel · Columbia. Hedging on South Carolina missing the College Football Playoff.
  • Fast Growing TreesPlant Nursery · Columbia. Hedging against bad weather in South Carolina.
  • Greenville short term rentals LLCRentals · Greenville. Hedging against rainy days that cut bookings.
  • Palmetto WastewaterWastewater · Columbia. Hedging against Hurricane Isaias reaching Category 4 and halting work.
  • West of VineApparel · Columbia. Hedging on South Carolina missing the College Football Playoff.

South Dakota

4
  • Binger FarmsFarm · Sioux Falls. Hedging against a poor corn harvest in South Dakota.
  • Comfort Care TransportationTransportation · Sioux Falls. Hedging against the outcome of South Dakota's Senate race.
  • Quality Plumbing & ServicePlumbing · Sioux Falls. Hedging against weekly spikes in oil prices.
  • Shuttle ExpressTransportation · Sioux Falls. Hedging against high gas prices in South Dakota.

Tennessee

6
  • EgoHomeE-Commerce · Nashville. Hedging a promotion: full refunds if a Love Island couple won.
  • Golden Bear LogisticsTrucking · Nashville. Hedging on diesel ending the year above $6.20.
  • Little Yardley FarmFarm · Nashville. Hedging against rainy weekends.
  • Nashville Crystal StoreRetail · Nashville. Hedging against swings in gold and silver prices.
  • Pro Flooring and TileFlooring · Nashville. Hedging on oil ending the year above $115, which drives up flooring costs.
  • Unique 1 Inc.Trucking · Nashville. Hedging on diesel ending the year above $6.40.

Texas

28
  • 1 Solar SolutionSolar · Houston. Hedging against stormy weather that delays installs.
  • ArmadilloSports Bar · Houston. Hedging on Texas teams not making the playoffs.
  • Austin GardenOutdoor Venue · Austin. Hedging on the Longhorns missing the College Football Playoff.
  • Austin Hospitality GroupBar Group · Austin. Hedging on the Longhorns missing the College Football Playoff.
  • Babylon Iron DoorsConstruction · San Antonio. Hedging against rainy days in San Antonio that delay installs.
  • Big Tex Boat RentalsBoating · Houston. Hedging against bad-weather days that keep customers home.
  • Biz-zz Bee Farms Pest ControlPest Control · Houston. Hedging against new EPA rules on rodent bait that would raise its costs.
  • BSX LLCTrucking · Houston. Hedging against high oil prices at year end.
  • Chop SportsSports Bar · Houston. Hedging on Texas teams not making the playoffs.
  • CRL6 TruckingTrucking · Houston. Hedging against high diesel prices at year end.
  • Curtis - C TreeTree Removal · Houston. Hedging against rising gas prices and bad weather.
  • Dainty DilloSports Bar · Houston. Hedging on Texas teams not making the playoffs.
  • Elite Leases and Property ManagementProperty Management · Houston. Hedging against high 30-year mortgage rates at year end.
  • Float on Boat RentalsBoating · Houston. Hedging against bad-weather days that keep customers home.
  • Frank Landscaping and Outdoor ServicesLandscaping · Houston. Hedging against rainy days in Houston, when crews can't work.
  • Freightbull IncTrucking · Houston. Hedging on oil topping $90 by year end.
  • Global Freight, LLCTrucking · Houston. With US diesel at $5.80, Jorge put $3,000 on it hitting $6.20 or higher by the end of September as a hedge in case prices kept rising. They did. Diesel has since reached an all-time high, clearing $6.40/gal today.
  • Inn CahootsBar · Austin. Hedging on the Longhorns missing the College Football Playoff.
  • Johnson Custom FloorsConstruction · Dallas. Hedging against extreme heat in Dallas that slows job sites.
  • Pit Master BBQRestaurant · Houston. Hedging against rainy days in Houston that slow business.
  • Raging Bull Street TacosFood Truck · College Station. Hedging against rainy weekends and Texas A&M losses that slow sales.
  • Real estate agent (Austin)Real Estate · Austin. Hedging against extreme heat in Austin that slows showings.
  • San Antonio Hospitality GroupBar Group · San Antonio. Hedging on a weak Spurs regular season.
  • Seahorse TransportTrucking · Houston. Hedging on diesel hitting $6.70 by year end.
  • Tanzenwald Brewing CompanyRestaurant · Houston. Hedging against rainy weekends that slow business.
  • Texas DrainageDrainage · Houston. Hedging against election outcomes that affect its business.
  • The Flower Shop AustinBar · Austin. Hedging on the Longhorns missing the College Football Playoff.
  • Trinity Roofing HTXRoofing · Houston. Hedging on the Alabama–Georgia game being delayed or canceled by a hurricane.

Utah

5
  • BBBReal Estate · Salt Lake City. Hedging against low pre-Christmas snowfall that cuts bookings.
  • Dorai HomeE-Commerce · Salt Lake City. Hedging against new tariffs raising its costs.
  • Sky Trucking ServiceTrucking · Salt Lake City. Hedging against rising oil prices.
  • Slumber LaneEntertainment · Park City. Hedging against low pre-Christmas snowfall in Park City, which cuts tourism.
  • Thread WalletsE-Commerce · Salt Lake City. Hedging a customer promotion.

Vermont

4
  • OKICANDOIT LLCReal Estate · Stowe. Hedging against a late ski-season opening in Stowe.
  • Polow & Polow PLLCLaw · Stowe. Hedging against a late ski-season opening in Stowe.
  • Statia Rankin ElectricalElectrical · Burlington. Hedging against bad weather that delays jobs.
  • Tournament SpecialtiesEntertainment · Stowe. Hedging against low snowfall in Stowe that cuts ski-season orders.

Virginia

2
  • Independent contractor (VA)Construction · Richmond. Hedging against extreme heat in D.C. that slows job sites.
  • WJL Couriers LLCTransportation · Richmond. Hedging against rising fuel prices using oil markets.

Washington

7
  • Bender Wasenmiller Custom BuildersConstruction · Seattle. Hedging against hot days in Seattle, when crews lose hours.
  • Boyal Pro DevelopmentSoccer Camp · Seattle. Hedging against heavy rain in Seattle that cancels camp sessions.
  • Jovani ConstructionConstruction · Seattle. Hedging against rainy days in Seattle that stop work.
  • Olympia Premier LeagueSports League · Seattle. Hedging against rainouts that cancel league games.
  • Philly NachosFood & Beverage · Seattle. Hedging against rainy days in Seattle that slow sales.
  • Rideshare driver (WA)Transportation · Seattle. Hedging against rising oil prices.
  • Spokane Lawn CareLandscaping · Spokane. Hedging against natural gas prices and bad weather.

West Virginia

2
  • J and J ConstructionConstruction · Charleston WV. Hedging against rising materials and equipment costs.
  • Standard Labs Inc.Energy · Charleston WV. Hedging against rising oil prices that drive up equipment fuel costs.

Wisconsin

10
  • Bill's BarBar · Milwaukee. Hedging on the Brewers getting swept in the World Series.
  • Centgraf FarmsHospitality · Milwaukee. Hedging on a short World Series.
  • Cornelia Home PrepRemodeling · Milwaukee. Hedging on a short Brewers World Series.
  • Disch LandscapingLandscaping · Milwaukee. Hedging against a low-snow December in Milwaukee that slows plowing work.
  • JJ Trucking of SheboyganTrucking · Sheboygan. Hedging on diesel ending September above $6.40.
  • Magoos on the MoundBar · Milwaukee. Hedging on Milwaukee hosting fewer than three playoff games.
  • Saz's Hospitality GroupHospitality · Milwaukee. Hedging on a short World Series.
  • The Ballroom at the ReserveHospitality · Milwaukee. Hedging on a short World Series.
  • Uptown SliceHospitality · Milwaukee. Hedging on a short World Series.
  • VS Water Blasting LLCPower Washing · Milwaukee. Hedging against rainy days, when crews can't power wash.

Wyoming

3
  • Alford DrillingDrilling · Cheyenne. Hedging against rising fuel costs.
  • Beartooth HydroseedLandscaping · Cheyenne. Hedging against high oil prices at year end.
  • FRX Coffee ShopCoffee · Jackson. Hedging against a late ski-season opening in Jackson Hole.
In the news

Recent articles

Real businesses that hedged on Kalshi.
  • A Dodgers batter at the plate
    Reuters + 27 more

    An L.A. restaurant group took a $60,000 Kalshi position to hedge the Dodgers' playoff run

    LA Hospitality Group · Los Angeles, CA
  • A Western Grazers herder walking behind a herd of goats on a dry hillside
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    How a California goat herding company is hedging against risk of higher wages

    Western Grazers · Red Bluff, CA
  • Baseball fans at long tables in a crowded bar
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    Rizzo's Bar & Inn · Chicago, IL
  • The Pillar name over a range of green mountains
    Bloomberg + 8 more

    First tungsten hedge trades on prediction market Kalshi

    Pillar · New York, NY
  • The neon Brenden Theatres marquee at dusk
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    This movie theater chain hedges its slow season on Kalshi

    Brenden Theaters · Las Vegas, NV
  • A coach speaking at a podium in front of LSU and SEC logos
    NY Times / The Athletic + 3 more

    LSU, Lane Kiffin, insurance and Kalshi

    LSU coaching-bonus insurance · Baton Rouge, LA
Case study

Family Laundry

Nick Zoraian of Family Laundry protects his business by hedging natural gas markets on Kalshi.
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