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Kalshi Taps Alpaca Infrastructure to Expand Global Prediction Market Reach
Technology Services · Internet Software/Services · cnbc · 2026-08-31
Prediction market platform Kalshi is partnering with brokerage firm Alpaca to leverage its global infrastructure for international expansion of event contracts.
What Happened
Strategic Partnership for Global Growth: Kalshi has entered a technical collaboration with brokerage infrastructure provider Alpaca to facilitate the international rollout of its prediction market event contracts. By utilizing Alpaca's established financial technology, Kalshi aims to accelerate its entry into foreign markets once local regulatory requirements are satisfied.
Leveraging Alpaca's Infrastructure: Alpaca, which recently secured status as a U.S.-licensed futures commission merchant, provides access to a network of over 300 financial institutions and 14 million brokerage accounts. This integration allows Kalshi to tap into existing brokerage frameworks, significantly reducing the time and technical burden required to scale its operations globally.
Market Demand and User Access: Alpaca leadership noted that the move into prediction markets is driven by clear user demand for event-based trading instruments. The partnership also extends to Alpaca's API users, enabling individual developers to build custom trading software for Kalshi's contracts, potentially increasing liquidity and market participation.
Broader Expansion Efforts: This agreement follows Kalshi's recent expansion into Canada through a partnership with Wealthsimple, signaling a concerted effort to move beyond the U.S. market. While both companies acknowledge that international scaling will take time, they view the integration as a significant step in establishing event contracts as a mainstream asset class.