Brokers bring Kalshi event bets to hedge funds as prediction markets eye Wall Street - report
Source: SeekingAlpha
2026-03-12 03:17:29 ET
- Brokers to hedge funds and other institutional investors are said to be moving to give clients access to Kalshi Inc.’s ( KALSHI ) event bets, a sign of the growing push to open the nascent prediction market industry to Wall Street players.
- Clear Street, a broker to hedge funds and sophisticated traders, is expecting to clear its first trade on Kalshi later this month and begin offering it more broadly later this year, the company’s chief executive officer, Ed Tilly, said in an interview with Bloomberg .
- In a post on X, Kashi said, "Institutional adoption of Kalshi isn’t coming… It’s already here."
- London-based broker Marex Group ( MRX ) is also planning to give its clients access to Kalshi in the next few months, the report said.
- The development comes as two Democratic U.S. senators introduced legislation on Wednesday that seeks to prevent fraud and abuse in rapidly growing prediction markets. The proposed legislation would put guardrails on such prediction market sites as Kalshi ( KALSHI ), Polymarket ( POLYMARKET ), and PredictIt.
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Brokers bring Kalshi event bets to hedge funds as prediction markets eye Wall Street - report
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