Clear Street joins Kalshi and launches swaps for prediction market ETFs
Updated
Updated · Markets Media · May 4
Clear Street joins Kalshi and launches swaps for prediction market ETFs
14 articles · Updated · Markets Media · May 4
In New York, the firm said it is now Kalshi's first institutional futures commission merchant, giving institutions access to the exchange's 24/7 regulated event contracts.
The partnership also covers clearing, settlement, block trading and high- and low-touch trading, aiming to expand liquidity and risk-transfer capacity for event-based markets.
Clear Street and Kalshi said rising institutional demand is pushing prediction markets toward broader portfolio use, with ETF issuers gaining new infrastructure for listed products tied to the asset class.
With regulators and states clashing, is Wall Street's push into prediction markets moving faster than the rules can keep up?
Is modern cloud technology, not regulation, now the primary gatekeeper for introducing new asset classes to mainstream finance?
As institutional money enters prediction markets, will the 'wisdom of the crowd' give way to the weight of institutional capital?