Cantor Fitzgerald plans to open Kalshi prediction market to its institutional clients

Comparative news, according to the Wall Street Journal, Cantor Fitzgerald plans to open Kalshi's prediction market to about 3,000 institutional clients, including family offices and hedge funds, which can trade events such as weather, commodities, and corporate performance contracts. Susquehanna International Group will provide quotes and liquidity for related transactions.

Cantor will act as a broker to trade high-volume event contracts for clients, and may distribute relevant positions to other investors through private negotiations. Cantor Co-CEO Pascal Bandelier said that hedge funds have expressed interest in trading contracts linked to iPhone sales rather than indirectly betting on changes in sales through Apple's stock price; the family office is concerned about using contracts related to weather, crop production, and oil prices to hedge risks.

Joe Grubb, head of business development at Susquehanna Predictions, said that AI supply chain risk and computing power prices may also become application scenarios in the prediction market. Institutional clients can also propose new market topics according to their own needs. Relevant companies have discussed with investors the types of contracts they wish to launch.

Kalshi has been stepping up its institutional client expansion efforts in recent months. This year, it has completed its first major transaction and reached a partnership with Interactive Brokers. Max Crowley, vice president of business development at Kalshi, said the agency's need to hedge against specific event risks already exists.