Kalshi partners with Alpaca to expand prediction markets globally
Kalshi, an American prediction market platform, is partnering with financial infrastructure startup Alpaca to make its event contracts accessible internationally. Through this collaboration, users of Alpaca's brokerage services will be able to trade Kalshi’s products without leaving their existing platforms. Alpaca serves over 300 institutional partners and has a global presence across 14 million accounts. The partnership aims to accelerate the launch of prediction markets in new regions once regulatory approvals are secured, leveraging Alpaca's trusted technology stack. The deal was driven by user demand for access to event contracts, according to Tony Lee, Alpaca’s chief brokerage officer. This move follows Kalshi’s recent expansion into Canada via a partnership with Wealthsimple and its entry into traditional derivatives markets. Kalshi has seen significant growth in trading volume, rising from $52 billion to $178 billion over six months, following a $1 billion funding round at a valuation of $22 billion. Alpaca recently secured U.S.-based futures commission merchant status and offers an API used by 83,000 monthly developers.
Topics: brokerage_platforms global_expansion prediction_markets