Kalshi Expands Internationally With Alpaca Brokerage Partnership

Prediction market platform Kalshi is expanding internationally by partnering with brokerage start-up Alpaca. Alpaca's brokerage infrastructure will now provide access to Kalshi's prediction markets for individuals and businesses, according to a joint press release. Alpaca recently obtained a U.S. brokerage license, enabling it to facilitate orders for derivative contracts.

Meanwhile, major financial institutions like Goldman Sachs have maintained positive ratings on Coinbase and Robinhood, with Coinbase introducing tokenized stocks on the Base Network, and JPMorgan easing lending rules to capture AI wealth. Alpaca, headquartered in Silicon Valley, has established partnerships with over 300 financial institutions and reaches 14 million brokerage accounts globally.

Kalshi, also based in the U.S., aims to further its international presence by leveraging Alpaca's technology in brokerages worldwide. In June of this year, Kalshi formed a partnership with Canadian firm Wealthsimple to bring its prediction markets north of the American border. Kalshi remains a privately held company, with its stock not traded on any public exchange.