003 Game Point Capital’s Will Hall on coach buyouts and prediction markets’ challenge to insurance

Almost every insurance policy ever written pays out when something goes wrong. Game Point Capital writes policies that pay out when a team wins.

Will Hall and his brother Jack started it with no experience in insurance and nobody they knew in sport. Ten years on it’s an MGA writing contractual bonus, coach buyout and NIL cover — and in 2024 it paid the University of Connecticut $2.77m after the men repeated as national champions and the women reached the Final Four. On how you price a bonus when there’s no loss history to price it from, how you hedge a $54m coach buyout without handing the buyer the trigger, and why the cheapest place to lay off a sports risk right now might be a prediction market rather than a reinsurer.