Tradeweb and Kalshi Announce Strategic Partnership
Tradeweb Markets and Kalshi announced a strategic partnership. The companies will collaborate with the goal to expand institutional access to Kalshi's prediction market data and analytics and advance market infrastructure for prediction markets trading to institutional investors through Tradeweb's global electronic trading platform. Tradeweb has also made a minority investment in Kalshi. Through this strategic partnership, Tradeweb aims to combine its global institutional distribution, track record of shaping institutional markets, and electronic trading capabilities with Kalshi's real-time event-driven data and leadership in prediction markets. As the first step in the collaboration, Tradeweb and Kalshi seek to deliver an integrated data experience that incorporates Kalshi's real-time event probabilities and market data directly into Tradeweb's rates and credit marketplaces, including UI, APIs, and data-download tools. The companies plan to co-develop new analytics utilizing both Kalshi's event probabilities and Tradeweb's existing pricing, liquidity, and macro-intelligence datasets, enabling institutional participants to analyze market signals inclusive of new forecasting, risk management, and pricing models and incorporate them into trading strategies. Tradeweb and Kalshi will also explore the development of an institutional-focused portal for event contracts, combining Tradeweb's role in macro risk trading and expertise in market design with Kalshi's depth across macroeconomic and policy outcomes.
