Pillar executes maiden tungsten hedge via Kalshi’s event contract

23rd October, 2026

Aravind Bulusu

The AI-based risk management platform hedged tungsten exposure for an Ohio-based metals distributor using Kalshi event contracts tied to the SMM CIF Rotterdam benchmark for ammonium paratungstate (APT).

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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