Cantor Fitzgerald Launches Institutional Trading on Kalshi — SkimNews
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- Cantor Fitzgerald announced it will provide institutional clients trading access on prediction market platform Kalshi, making it one of the first investment firms to broker trades on the platform.
- Susquehanna International Group will serve as market maker, providing pricing and liquidity for the block trades Cantor organizes on Kalshi's event contracts.
- Cantor will arrange large, privately negotiated block trades outside public markets to avoid price volatility for its Wall Street clients.
- Cantor can request Kalshi design new markets — clients are interested in climate, weather, and economic indicator contracts — with any new market requiring CFTC approval and sufficient liquidity.
- Kalshi completed the first block trade on an event contract exchange in April and has launched multiple partnerships this year to court institutional investors even as retail sports bettors have driven its growth to date.
Why it matters: Cantor and Susquehanna joining as broker and market maker brings two established institutional trading desks into a prediction market space previously dominated by retail sports bettors. The arrangement also gives Cantor the ability to request new market categories — climate, weather, economic indicators — subject to CFTC approval, potentially broadening the contract universe institutional clients can trade.
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