Jennifer Sanasie and Renato Mariotti sit down with Andy Ross, Head of Institutional Business at Kalshi at the Avalanche Summit. They discuss how prediction markets are moving from retail curiosity to institutional infrastructure. Ross explains why he believes institutional volume will eventually top retail, shares how a US oil major starts its mornings checking Kalshi's Strait of Hormuz market, and makes the case for bringing innovations like US-regulated perpetuals onshore into a CFTC-regulated environment. Plus, how everyone from hedge funds to mom-and-pop ice cream shops can now hedge real-world risk — from Bitcoin to the weather.