Wall Street Bond-Trading Hub Tradeweb Strikes Deal With Kalshi

Electronic trading platform Tradeweb Markets Inc. signed a deal to bring Kalshi Inc.’s prediction markets to more institutional investors.

Tradeweb, known for its fixed-income offerings, will start showing real-time prices for Kalshi’s event-based contracts and distribute that data to its users. It’s also considering adding trading capabilities for prediction markets down the line, according to Chief Executive Officer Billy Hult.

Billy Hult

Photographer: Kent Nishimura/Bloomberg

“This is interesting and important data for our clients to absorb in the right way, as they price risk,” Hult said in an interview. “As investors run risk analysis on their portfolios, these become further data points,” ...