Cantor Fitzgerald Opens Kalshi Prediction Markets to 3,000 Institutional Clients
Wall Street’s biggest names are quietly building a bridge into a market once dominated by retail bettors. Cantor Fitzgerald is preparing to open Kalshi prediction markets to roughly 3,000 institutional clients, giving hedge funds and other large investors a way to place sizable, privately negotiated trades on event contracts through a regulated U.S. exchange. It’s a move that signals prediction markets are no longer just a playground for casual traders betting on elections or sports outcomes.
Key takeaways
- Cantor Fitzgerald plans to give about 3,000 institutional clients access to large block trades on Kalshi’s event contracts.
- Kalshi is a CFTC-regulated exchange, and Susquehanna International Group serves as its market maker, supplying pricing and liquidity.
- Cantor will act as the broker, arranging and executing trades on behalf of clients, and completed its first block trade earlier this year.
- Cantor has also partnered with Interactive Brokers to widen its reach among professional traders and hedge funds.
- Susquehanna’s Joe Grubb expects “large institutional risk transfer” to be the next major growth area for prediction markets.
Cantor Fitzgerald Expands Institutional Access to Kalshi Prediction Markets
Cantor Fitzgerald is positioning itself as one of the first full-service investment banks to hand institutional clients direct access to block trades in event contracts on a regulated exchange. The firm plans to extend this access to roughly 3,000 institutional clients, according to a company statement, marking a notable shift in how large financial players might use platforms like Kalshi going forward.
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