Kalshi looks international, partners with brokerage Alpaca
Prediction market platform Kalshi is partnering with brokerage infrastructure firm Alpaca to expand its event contracts to international markets. The move aims to leverage Alpaca's existing global financial network to scale Kalshi's operations.
Why it matters
This partnership highlights the growing intersection of fintech and prediction markets, aiming to democratize access to event-based financial derivatives globally.
Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience, subject to local regulatory approval.
Individuals and businesses who use Alpaca's brokerage infrastructure will now have access to Kalshi's event contracts using the same technology utilized on the former's platform to trade other assets.
It comes after Alpaca registered with the Commodity Futures Trading Commission to become a U.S.-licensed futures commission merchant , a brokerage that facilitates orders to buy or sell derivatives contracts, earlier this month.
Alpaca moved forward with a move into prediction markets because it has seen demand from its users for access to event contracts, chief brokerage officer Tony Lee told CNBC in an interview.
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