{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Avory - Markets and Investing","title":"Prediction Markets Aren't Really About Betting... Maybe?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d2c2cc48\"></iframe>","width":"100%","height":180,"duration":1471,"description":"Welcome to Avory Around the Desk Podcast... \nSean Emory, Founder and CIO of Avory & Co., asks whether prediction markets like Kalshi are really about betting, or whether they could expand society's capacity to transfer risk. Using Florida's hurricane insurance crunch, the Generac hedge, and AI-enabled micro-insurance, he argues insurance is capacity, and technology may finally be able to expand it. \n\nChapters\n00:00 Welcome and setup\n01:19 Why prediction markets matter\n02:49 Markets as information engines\n05:55 From betting to bigger thesis\n07:17 Insurance prices uncertainty\n09:28 Capacity and risk transfer\n11:41 Florida hurricanes case study\n13:06 Hedging with opposite exposures\n15:04 Micro risks and AI automation\n18:31 Tech stack enables new markets\n21:15 Liquidity, market makers, regulation\n22:56 Wrap up and key takeaway\n\nDisclaimer\nThis conversation is for educational and informational purposes only. Nothing discussed is personalized investment, legal, tax, or insurance advice. Views reflect our thinking as of the recording date and may evolve as new information becomes available. Do your own research and consult a qualified professional before making financial decisions.\n\nMore at avoryfunds.com","thumbnail_url":"https://img.transistorcdn.com/ADRPTmp9Za1lH4Yt9ZONyfvomzdplTO8ScyOf5TslvM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kZTBk/NDJhZTkzMjZiZDAw/MWE5ZTc2OWYyNTg3/OTllMC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}