Tradeweb has expanded its Kalshi integration by adding a dedicated pricing page for prediction market data on its electronic trading platform. The page gives US institutional clients live prices and probability data for event contracts in their usual trading systems.
The update builds on Tradeweb’s February partnership and minority investment in Kalshi. The companies are working to bring prediction market data, analytics and trading infrastructure to banks, asset managers and other professional investors.
Pricing page adds live market signals
Tradeweb clients can now track Kalshi prices across political, economic, financial and global events. The pricing page lets users monitor market-implied probabilities alongside Tradeweb’s existing market data, analytics and execution tools.
Users can also create watchlists for specific contracts and events. The integration is intended to make prediction market signals easier to compare with rates, credit and macro trading data.
Kalshi contracts trade on the outcome of real-world events. Prices can move as new information changes the market’s view of an event’s likely outcome.
Partnership targets professional trading firms
Tradeweb and Kalshi announced their strategic partnership in February. Tradeweb bought a minority stake in Kalshi under the agreement.
The companies are developing products for institutional investors that want to use event contracts for market analysis and risk management. Kalshi has been building services for larger clients, including block trades and tools for institutional trading workflows.
Institutional users can use contracts linked to economic releases, elections, weather and other events. A fund exposed to a scheduled data release can use an event contract to trade on the result.
Kalshi adds tools for institutions
Kalshi has reported rising demand from asset managers, hedge funds, prime brokers and market makers. The platform has added compliance and market monitoring tools to support more institutional trading.
The company recently introduced employment disclosure requirements for users trading certain sensitive contracts. It also opened a whistleblower channel for reports of possible suspicious activity or market manipulation.
These measures are aimed at strengthening controls around insider trading and market abuse. Institutional firms often require monitoring systems before allowing employees or funds to trade new financial products.
Prediction markets face legal questions
Kalshi is registered with the Commodity Futures Trading Commission as a designated contract market. The company maintains that its event contracts fall under federal commodities law.
Several state gambling regulators have challenged that position, especially for contracts tied to sports outcomes. The disputes are continuing in state and federal courts as regulators and prediction market operators argue over whether local gambling laws can restrict federally regulated event contracts.
