ChainCatcher reports that, according to market sources, Nasdaq-listed electronic trading platform operator Tradeweb Markets Inc. (Nasdaq: TW) has forecasted a strategic partnership with market operator Kalshi and has acquired a minority stake in the company.
The collaboration aims to expand institutional investors’ access to Kalshi’s event-based market data and explore new infrastructure for trading event contracts through the Tradeweb electronic platform. Over the past four fiscal quarters, Tradeweb’s average daily nominal trading volume has exceeded $2.6 trillion. In the initial phase, the partnership will focus on integrating Kalshi’s real-time event probabilities and related data into Tradeweb’s interest rate and credit platforms. The two parties also plan to jointly develop analytical tools that combine Kalshi’s event probabilities with Tradeweb’s pricing, liquidity, and macro data sets, enabling institutional participants to build predictive, pricing, and risk models that directly utilize event probability trading. Tradeweb CEO Billy Hult stated that prediction markets are increasingly becoming a key part of the trading environment, with the potential to serve as indicators for macro risk assessment and more effective capital allocation.
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