Kalshi partners with brokerage Alpaca as it tries to build its international audience
Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience. Individuals and businesses who use Alpaca's brokerage infrastructure will now have access to Kalshi's event contracts using the same technology utilized on the former's platform to trade other assets. It comes after Alpaca registered with the Commodity Futures Trading Commission to become a U.S.-licensed futures commission merchant , a brokerage that facilitates orders to buy or sell derivatives contracts, earlier this month. Alpaca moved forward with a move into prediction markets because it has seen demand from its users for access to event contracts, chief brokerage officer Tony Lee told CNBC in an interview. "Our mission is really to open up financial services to as many people around the world as possible, and you really have to go where the customer demand is," Lee said. That global potential is w...
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