Business & Finance
Kalshi partners with brokerage Alpaca to expand prediction markets globally
The collaboration will allow Alpaca's international users to trade Kalshi's event contracts once local regulatory approvals are secured.
The short version
- Prediction market platform Kalshi has partnered with brokerage infrastructure startup Alpaca to offer its event contracts to a global audience.
- Alpaca recently registered as a U.S.-licensed futures commission merchant to facilitate trading in derivatives contracts.
- The partnership aims to leverage Alpaca's reach of over 300 financial institutions and 14 million brokerage accounts to accelerate Kalshi's international expansion.
Key facts
- Kalshi and Alpaca have partnered to integrate Kalshi's event contracts into Alpaca's brokerage infrastructure, allowing individuals and businesses to trade them alongside other assets.[CNBC]
- Alpaca registered with the Commodity Futures Trading Commission as a U.S.-licensed futures commission merchant, which enables it to facilitate derivatives contracts.[CNBC]
- Alpaca has partnerships with over 300 financial institutions, reaches 14 million brokerage accounts worldwide, and has 83,000 monthly users of its developer Application Programming Interface.[CNBC]
- The international rollout of Kalshi's prediction markets through Alpaca's platform depends on securing local regulatory approvals in different jurisdictions.[CNBC]
- This partnership follows a June agreement between Kalshi and Canadian financial firm Wealthsimple to introduce Kalshi's markets to Canada.[CNBC]
What remains uncertain
- The timeline and specific international jurisdictions where Kalshi's event contracts will launch remain undefined, as they depend on navigating local regulatory approvals.[CNBC]