Cantor Fitzgerald offers Wall Street access to Kalshi’s prediction markets

Cantor Fitzgerald is opening the doors between Wall Street’s biggest players and Kalshi’s prediction markets, giving roughly 3,000 institutional clients the ability to place large bets on everything from weather events to economic indicators. The move marks one of the clearest signals yet that event contracts are graduating from retail curiosity to institutional asset class. The brokerage will serve as an Introducing Broker, enabling privately negotiated trades in event contracts that bypass Kalshi’s central order book. Susquehanna Predictions is stepping in as the liquidity and pricing backbone, solving the chicken-and-egg problem that has kept big money on the sidelines: institutions wouldn’t trade because there wasn’t enough liquidity, and there wasn’t enough liquidity because institutions wouldn’t trade. How the plumbing works Kalshi operates as a Designated Contract Market regulated by the CFTC, the same federal agency that oversees futures and options on commodities. Its core product is simple: yes/no contracts on real-world outcomes. Will the Fed cut rates at the next meeting? Will a hurricane make landfall in Florida this season? Will Company X beat earnings estimates? Each...