A prominent soccer club in Spain placed a multimillion-dollar bet against its own relegation on the prediction market Kalshi, as reported by Semafor. This unusual move served as an insurance policy against the financial fallout of being demoted from La Liga, where the financial stakes are high. The club's fate hinged on its final match, and fortunately, a narrow 1-0 loss allowed it to remain in the league, avoiding significant revenue losses tied to relegation. The bet was facilitated by Game Point Capital, which worked with Greenlight Commodities to place the wager on behalf of the club, rather than the club placing it directly. On the other side of the bet, quant trading firm Susquehanna profited over $1 million. This betting strategy raises ethical questions, particularly given the existing controversies surrounding match-fixing and insider trading in sports betting. Kalshi and Polymarket have faced regulatory challenges, including a recent ban in Spain for operating without a gambling license, highlighting the complex legal landscape surrounding prediction markets in sports.