Clear Street partners with Kalshi on prediction market access

10 articles · Updated · Bloomberg · May 1

The broker said its futures commission merchant will join Kalshi's exchange and clearing house, extending event-bet access to hedge funds and other sophisticated traders.
Clear Street also plans swap capabilities for exchange-traded fund issuers linked to prediction markets, broadening potential products tied to the fast-growing sector.
The deal reflects prediction markets' push for greater Wall Street adoption as exchanges and intermediaries seek to attract institutional clients beyond retail traders.

With Wall Street entering event betting, what hidden risks could unravel this trillion-dollar market forecast?

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