Hedgebook has launched a platform that links 500 S&P 500 companies to 47 event contracts on Kalshi, the CFTC-regulated prediction market exchange. The goal: help large-cap equity investors identify and hedge against macroeconomic risks-like a hot CPI print or a recession-using Kalshi’s event contracts.
The platform connects equities to Kalshi markets tracking recession probabilities, CPI prints, and other economic indicators. Data refreshes daily via the Kalshi API. Hedgebook is not a trading tool; it provides a risk management interface, with actual trades executed on Kalshi.
Kalshi was founded in 2018 by MIT alumni Tarek Mansour and Luana Lopes Lara. It became the first CFTC-regulated designated contract market for event contracts in July 2021. Unlike crypto-native prediction markets, Kalshi operates under federal oversight. In May 2026, Kalshi raised $1 billion at a $22 billion valuation.
For investors, event contracts offer binary exposure to specific outcomes-like whether GDP growth will exceed 2%-without the complexity of options. Hedgebook makes these connections explicit, showing which macro scenarios pose the biggest risk to a portfolio and which Kalshi contracts could serve as hedges.