Clear Street Signs Up to Kalshi in Prediction Markets Push

Clear Street, a broker to hedge funds and sophisticated traders, is partnering with Kalshi Inc. to give its clients access to event bets, as the fast-growing prediction markets industry seeks to increase its appeal to Wall Street.

Clear Street’s futures commission merchant will join Kalshi’s exchange and clearing house. The broker will also launch swap capabilities for exchange-traded fund issuers tied to prediction markets.

“Prediction markets are emerging as a regulated, fast-growing asset class, and our institutional clients want access to clearing, risk management and swap product capabilities for this growing space,” Andy Volz, chief commercial officer of Clear ...