Kalshi Taps Alpaca's 14 Million Accounts to Push Event Contracts Abroad
Updated
Updated · CNBC · Aug 31
Kalshi Taps Alpaca's 14 Million Accounts to Push Event Contracts Abroad
3 articles · Updated · CNBC · Aug 31
Summary
Kalshi will distribute its event contracts through Alpaca’s brokerage infrastructure, giving Alpaca-linked individuals and businesses outside the U.S. a faster path to access the products once local approvals are secured.
14 million brokerage accounts and more than 300 financial-institution partners made Alpaca attractive to Kalshi, while Alpaca said customer demand for prediction markets drove its move into event contracts.
Earlier this month, Alpaca registered with the CFTC as a U.S.-licensed futures commission merchant, a step that lets it facilitate derivatives trading and underpins the new partnership.
83,000 monthly API users could also help broaden adoption, as automated trading tools are already common among prediction-market participants.
The deal extends Kalshi’s international push after its June partnership with Canada’s Wealthsimple, though both companies said scaling event contracts globally will take time.