Cantor Fitzgerald plans to open Kalshi prediction markets to its institutional clients.
2026.08.19 19:45:22
According to a Wall Street Journal report, Cantor Fitzgerald plans to open its Kalshi prediction markets to roughly 3,000 institutional clients—including family offices and hedge funds—who will be able to trade contracts tied to events such as weather, commodities, and corporate performance. Susquehanna International Group will provide quotes and liquidity for these trades. Cantor will act as a broker, facilitating the purchase and sale of bulk event contracts for clients, and may distribute related positions to other investors via private negotiations. Pascal Bandelier, co-CEO of Cantor, noted that hedge funds have expressed interest in trading event contracts linked to iPhone sales, rather than betting on sales shifts indirectly through Apple’s stock price; family offices, meanwhile, are focused on using contracts tied to weather, crop yields, and oil prices for risk hedging. Joe Grubb, head of business development at Susquehanna Predictions, added that AI supply chain risks and computing power prices could also serve as use cases for the prediction markets. Institutional clients can also propose new market themes based on their needs, and the companies have discussed with investors the types of contracts they aim to launch. Kalshi has been ramping up its efforts to expand its institutional client base in recent months, completing its first bulk transaction this year and partnering with Interactive Brokers. Max Crowley, vice president of business development at Kalshi, stated that institutional demand for hedging against specific event risks is already in place.
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