Kalshi Completes First Block Trade, Backed by Jump Trading (1)

Kalshi Inc. said it has completed its first ever bespoke block trade, with Jump Trading providing liquidity for the prediction market exchange.

The transaction was brokered this month by Greenlight Commodities on behalf of a Houston-based environmental hedge fund, which sought access to a contract tracking whether a specific price will be realized at a May auction of carbon allowances in California. The contract was created and certified specifically for that trade, Kalshi said in a statement on Monday, with market maker Jump providing liquidity on the opposite side.

The block trade was a six-figure sum, making it far smaller ...