Kalshi contracts and the 'why'

Been looking into Kalshi contracts more deeply lately, particularly with how they're framing some of these event outcomes. It's an interesting space, no doubt about it, and the regulation aspect certainly sets it apart from some of the more... let's say, 'wild west' corners of prediction markets we've seen pop up and vanish over the years.

My main question, though, revolves around the motivation for participating. Beyond the obvious speculative play, which is fine, I'm wondering if anyone's found genuinely useful ways to incorporate these contracts into a broader portfolio or hedging strategy. For example, if I'm tracking something like $AUDNZD, currently sitting around 1.22002, and there's a Kalshi contract related to a specific economic data release that might impact the AUD, could that be a viable, albeit small, hedge? Or is it predominantly seen as a standalone bet on a discrete event? The liquidity seems to be building, which is a good sign, but the 'why' for more sophisticated use cases still feels a bit nascent to me.