According to CoinMeta, predictive markets provide a form of insurance for businesses, helping them to avoid the risks associated with uninsured events. In July 2026, a company organized an event and insured it for $3 million, spending only $12,000 in the process without involving any insurance companies. The company purchased contracts through a predictive market; if more than half of the flights were canceled on the day before the event, they would receive compensation of $3 million. Predictive markets allow users to buy simple yes/no contracts regarding future events, with prices reflecting the market's probability of those events occurring. The company chose a predictive market regulated by the U.S. government, identified as Kalshi, to insure their event, ensuring that the event could proceed smoothly even in extreme circumstances.