Kalshi Partners with U.S. Black Chambers, Unlocking Risk Management Resources for Black-Owned Businesses

Partnership empowers black-owned businesses with Kalshi’s innovative hedging tools and financial education

NEW YORK--(BUSINESS WIRE)--Kalshi, the next-generation financial exchange, today announced a partnership with the U.S. Black Chambers, Inc. (USBC), which represents over 145 chambers of commerce and business organizations and approximately 326,000 Black businesses nationwide. The partnership will provide resources and education to help black owners manage their business risk.

Kalshi will host an interactive risk management workshop, introducing chamber members to hedging. Business owners and entrepreneurs will learn how events outside their control, like a stretch of bad weather, a shift in the economy, or a local team's playoff run, can affect revenue, and how Kalshi’s event contracts can help offset those risks. Through real-world examples and a guided walkthrough of the platform, attendees will leave with a clear understanding of how to identify the events that matter most to their businesses, evaluate potential hedges, and build a simple risk management plan that fits their budgets.

Black-owned businesses across the United States have grown by 62% in recent years to record numbers. But according to the Federal Reserve, Black-owned small businesses are likelier to remain closed for longer periods and face bigger hurdles in finding immediate relief in the aftermath of a natural disaster. For too long, small businesses have been shut out from the options, futures, and swaps that large corporations use to hedge risk to their business. This lack of resources can leave critical Black small businesses more vulnerable to inflation, interest rate shifts, supply chain disruption and other macroeconomic shocks.

Prediction markets are an accessible tool that can democratize the process of protecting these businesses from risk. By hedging on Kalshi, underserved small businesses can mitigate against real-world events that could impact their businesses. For instance, a beloved Black tour guide in New York has hedged on Kalshi’s weather markets to recuperate lost earnings from cancellations in the event of rain.

Thanks to USBC's far-reaching footprint across 42 states, the partnership will enable hundreds of thousands of Black American businesses to access educational programming and technical assistance on Kalshi's regulated markets and hedges.

“We’re proud to welcome Kalshi as a corporate partner of the U.S. Black Chambers, Inc.,” said Ron Busby Sr., President & CEO of U.S. Black Chambers, Inc. “This partnership reflects our commitment to connecting Black entrepreneurs with new opportunities, innovative ideas, and emerging markets. As we advance access to capital, entrepreneurial training, advocacy, and economic development, we look forward to working with Kalshi to help ensure Black businesses are positioned to participate in and shape the future of our economy.”

“Black-owned businesses are a critical part of America’s economy. They shouldn’t be shut out from risk-management tools once only reserved for bigger companies. Kalshi’s platform can help them protect their revenues and keep their costs down by hedging against events beyond their control,” said Tarek Mansour, co-founder and CEO of Kalshi. “We’re proud to partner with USBC and expand resources for Black-owned businesses across our country.”

Programming will be delivered across USBC’s extensive network of local chambers and business associations, with the aim to provide business owners actionable strategies for alleviating the impact of external shocks they cannot control. Details on future events will be announced by USBC and Kalshi in the coming months.

About Kalshi
Founded in 2018, Kalshi is the world’s next-generation financial exchange. Prediction markets provide accurate, real-time information on the likelihood of events, making humanity more informed about the future. As the first regulated exchange for events, Kalshi is credited with legalizing and establishing prediction markets as a financial asset class. It’s the leading safe and regulated platform, trusted by millions of people and a growing number of institutions in America. To learn more about Kalshi, visit www.kalshi.com.

About U.S. Black Chambers, Inc. (USBC)
Affectionately known as the “National Voice of Black Businesses”, The U.S. Black Chambers, Inc. (USBC) provides committed, visionary leadership, and advocacy in the realization of economic empowerment. Through the creation of resources and initiatives, we support a network of over 160 African American Chambers of Commerce and 380,000 businesses in their work of developing and growing Black enterprises. To learn more about USBC, visit www.usblackchambers.org.