Kalshi Partners With Alpaca to Expand Prediction Markets Beyond the US
Kalshi is partnering with brokerage infrastructure provider Alpaca to expand access to its event contracts outside the United States.
The agreement comes as financial infrastructure firms increasingly add Kalshi contracts to their platforms. Finance Magnates reported that Alpaca recently registered as a futures commission merchant (FCM) with the Commodity Futures Trading Commission, while Apex launched an API enabling brokers and fintech companies to offer Kalshi contracts without building their own FCM infrastructure or direct exchange connectivity.
Alpaca Customers to Gain Access to Kalshi Contracts
Under the agreement, financial institutions using Alpaca’s technology will be able to offer Kalshi contracts through their existing brokerage infrastructure. Availability will remain subject to regulatory approval in each market.
Tony Lee, Alpaca’s chief brokerage officer, said customer demand was behind the company’s move into prediction markets.
“Our mission is really to open up financial services to as many people around the world as possible,” Lee said. “You really have to go where the customer demand is.”
Alpaca works with more than 300 financial institutions and reaches around 14 million brokerage accounts globally. Kalshi said the network could help support its expansion into additional markets.
Alpaca reaches 14 million brokerage accounts across more than 300 financial institutions worldwide, giving Kalshi a potential route for international expansion.
Alpaca API Supports Kalshi’s International Expansion
Kalshi Vice President of Business Development Max Crowley said Alpaca’s reputation and technology were important to the partnership.
“They’re a trusted brand, they’re technology forward,” Kalshi Vice President of Business Development Max Crowley said. “This technical partnership enables that.”
Kalshi has also expanded through other financial firms. In June, the company partnered with Canadian financial firm Wealthsimple to offer its markets in Canada.
Alpaca’s API has about 83,000 monthly users and enables developers to build trading applications. Its infrastructure could also support automated trading activity in prediction markets.
