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Cantor Fitzgerald Offers Kalshi Prediction Market To Institutional Clients

Brokerage Cantor Fitzgerald is offering its 3,000 institutional clients access to the Kalshi prediction market.

Cantor is one of the first Wall Street firms to give its institutional clients access to block trades in event contracts on a CFTC-regulated exchange such as Kalshi.

Under terms of the deal, Kalshi will provide pricing and liquidity, while Cantor Fitzgerald will be the acting broker, helping clients arrange and execute trades on the prediction market.

Prediction markets let people bet on the outcome of real-world events such as sports contests and political elections.

A growing number of Wall Street brokerages and investment banks are talking about using prediction markets for trading and hedging risk.

The deal with Cantor Fitzgerald comes as Kalshi looks to grow and diversify its offerings ahead of a planned initial public offering (IPO).

Gaining participation from institutional investors has been a key part of Kalshi’s growth plans.

Earlier this year, Kalshi announced a partnership with Interactive Brokers (NASDAQ: $IBKR), whose platform serves professional traders, hedge funds, and other sophisticated investors.

Neither Cantor Fitzgerald nor Kalshi are publicly traded.