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Welcome to Avory Around the Desk Podcast...

Sean 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.

Chapters
00:00 Welcome and setup
01:19 Why prediction markets matter
02:49 Markets as information engines
05:55 From betting to bigger thesis
07:17 Insurance prices uncertainty
09:28 Capacity and risk transfer
11:41 Florida hurricanes case study
13:06 Hedging with opposite exposures
15:04 Micro risks and AI automation
18:31 Tech stack enables new markets
21:15 Liquidity, market makers, regulation
22:56 Wrap up and key takeaway

Disclaimer
This 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.

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