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College football’s money game is getting wild. Insurance companies working with athletic departments are now using prediction markets to hedge millions of dollars in coaching bonuses. A third-party insurer reportedly spent ~$662K buying 837,500 Kalshi contracts tied to LSU’s season positions that could pay out as much as $3M. Why? Lane Kiffin can earn millions in bonuses as LSU advances through the CFP. If LSU falls short, the insurer loses its prediction-market investment but avoids paying thos
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