Thoughts on Kalshi's utility for portfolio hedging

Been pondering the real-world utility of Kalshi contracts for actual portfolio hedging, beyond just speculation or betting on news. I'm looking at how one might genuinely use them to offset risks in, say, a traditional equity or forex portfolio. For instance, if you're long $MXNJPY and see it bouncing around 9.307 after a decent run, could a Kalshi contract anticipating a pullback actually serve as a viable hedge, or is the friction too high?

My gut says the current range of contracts, while expanding, isn't quite granular enough for the kind of precision hedging a professional might want. It feels more like a blunt instrument. And then there's the liquidity. Would love to hear if anyone's successfully integrated Kalshi into a defensive strategy, rather than just an offensive one. Am I missing something fundamental here? Push back on this thought.