Kalshi Expands Internationally With Alpaca Brokerage Partnership
Individuals and businesses who use Alpaca's brokerage infrastructure now have access to Kalshi's prediction market platform, said the companies in a joint news release.
Alpaca recently secured a U.S. brokerage license that allows it to facilitate orders to buy or sell derivatives contracts.
While based in Silicon Valley, Alpaca has partnerships with more than 300 financial institutions and reaches 14 million brokerage accounts worldwide.
Kalshi, which is based in the U.S., is seeking to expand internationally and having Alpaca's technology for brokerages in countries around the world will help, said the companies.
In June of this year, Kalshi partnered with Canadian financial firm Wealthsimple to bring its prediction markets north of the American border.
Kalshi is privately held and its stock does not trade on a public exchange.
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